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BELGRADE: The United States has introduced sanctions against Serbia’s main oil supplier, which is controlled by Russia, the company said on Thursday. Serbia’s president said this could have “unforeseeable” consequences for the Balkan country.
Serbia depends almost entirely on Russian gas and oil supplies, which it receives mainly through pipelines in Croatia and other neighboring states. The gas is then distributed by Petroleum Industry of Serbia (NIS), which is majority-owned by Russia’s state oil monopoly Gazprom Neft.
The sanctions could deprive Serbia of gasoline and heating oil ahead of the winter months. Populist President Aleksandar Vucic is already under pressure at home from 11 months of anti-government protests.
He said the sanctions will have “extremely dire consequences” in many aspects: “This is something that will affect every citizen.”
Vucic said Serbia will continue talks with both American and Russian officials, adding that people shouldn’t panic and the government is prepared for the situation.
“Trust your state. We will go through this together,” he said.
Gazprom Neft also owns Serbia’s only oil refinery.
NIS said Thursday it had failed to secure another postponement of the US sanctions, which could jeopardize its efforts to secure oil and gas deliveries in a longer term.
“The special license from the US Department of the Treasury, which enables unhindered operational business, has not yet been extended,” NIS said in a statement. It added that it has stored enough supplies to keep the operation moving for customers for a longer while.
It also said problems could occur at NIS gasoline stations with payments made by foreign bank cards but added that cash payments would be accepted.
The US Treasury’s Office of Foreign Assets Control originally placed sanctions on Russia’s oil sector on Jan. 10 and gave Gazprom Neft a deadline to exit ownership of NIS, which it didn’t do.
US officials have not commented.
Although formally seeking European Union membership, Serbia has refused to join Western sanctions against Russia over its invasion in Ukraine, in part because of the crucial Russian gas deliveries.
The pro-Russian President Vucic is facing one of the biggest threats to more than a decade of his increasingly autocratic rule. Protests have been held by university students and others following the collapse almost a year ago of a concrete canopy at a railway station in the country’s north that killed 16 people.
Many in Serbia believe rampant corruption and nepotism among state officials led to sloppy work on the building reconstruction, which was part of a wider railroad project with Chinese state companies.

STOCKHOLM: Hungarian writer László Krasznahorkai, whose philosophical, bleakly funny novels often unfold in single sentences, won the Nobel Prize in literature Thursday for his “compelling and visionary oeuvre that, in the midst of apocalyptic terror, reaffirms the power of art.”
Several works including his debut, “Satantango” and “The Melancholy of Resistance,” were turned into films by Hungarian director Béla Tarr.
The Nobel judges praised his “artistic gaze which is entirely free of illusion, and which sees through the fragility of the social order combined with his unwavering belief in the power of art,” Steve Sem-Sandberg of the Nobel committee said at the announcement.
“László Krasznahorkai is a great epic writer in the Central European tradition that extends through (Franz) Kafka to Thomas Bernhard, and is characterized by absurdism and grotesque excess,” the Nobel judges said.
Krasznahorkai, 71, could not immediately be reached for his reaction. He did not speak at the announcement.
He was born in the southeastern Hungarian city of Gyula, near the border with Romania. Throughout the 1970s, he studied law at universities in Szeged and Budapest before shifting his focus to literature. According to the biography section of his website, he has traveled widely throughout Europe, Asia and the Americas, and has lived in many different countries.
Krasznahorkai has been a vocal critic of autocratic Hungarian Prime Minister Viktor Orbán, especially his government’s lack of support for Ukraine after the Russian invasion. He said in an interview for the Yale Review this year: “How can a country be neutral when the Russians invade a neighboring country?”
But in a post on Facebook, Hungarian Prime Minister Viktor Orbán was quick to congratulate the writer, saying: “The pride of Hungary, the first Nobel Prize winner from Gyula, László Krasznahorkai. Congratulations!”
Krasznahorkai has received many awards including the 2015 Man Booker International Prize. The Booker judges praised his “extraordinary sentences, sentences of incredible length that go to incredible lengths, their tone switching from solemn to madcap to quizzical to desolate as they go their wayward way.”
He also won the National Book Award for Translated Literature in the US in 2019 for “Baron Wenckheim’s Homecoming.”
The American writer and critic Susan Sontag has described Krasznahorkai as the “contemporary master of the Apocalypse.” He was also friends with American poet and writer Allen Ginsberg and would regularly stay in Ginsberg’s apartment while visiting New York City.
He is the first winner from Hungary since Imre Kertesz in 2002. He joins an illustrious list of laureates that includes Ernest Hemingway, Toni Morrison and Kazuo Ishiguro.
The literature prize has been awarded by the Nobel committee of the Swedish Academy 117 times to a total of 121 winners. Last year’s prize was won by South Korean author Han Kang for her body of work that the committee said “confronts historical traumas and exposes the fragility of human life.”
The literature prize is the fourth to be announced this week, following the 2025 Nobels in medicine, physics and chemistry.
The winner of the Nobel Peace Prize will be announced on Friday.
The final Nobel, the Nobel Memorial Prize in Economic Sciences, is to be announced on Monday.
Nobel Prize award ceremonies are held on Dec. 10, the anniversary of Alfred Nobel’s death in 1896. Nobel was a wealthy Swedish industrialist and the inventor of dynamite who founded the prizes.
Each prize carries an award of 11 million Swedish kronor (nearly $1.2 million), and the winners also receive an 18-carat gold medal and a diploma.