By Maya Lester KC & Michael O’Kane

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By Maya Lester KC & Michael O’Kane

Provisional agreement reached to sell Russian-owned Serbian refinery to Hungarian company

20 January 2026

Provisional agreement reached to sell Russian-owned Serbian refinery to Hungarian companyNenad Cavoski/Shutterstock.com

A provisional agreement has been reached to sell Serbia’s NIS oil refinery, which is owned by Gazpromneft, to the Hungarian Group. The US designated NIS in January 2025 because it was a subsidiary of...

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Regimes / Regions

Sanctioning States

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  • Licensing
Maya Lester KC
By Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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