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The Government of the Republic of Serbia

In the service of citizens

Government forms Coordination Body to ensure secure oil, gas supply

Belgrade, 5 January 2025

The Government of the Republic of Serbia adopted at today’s session a Decision to establish a Coordination Body to guide efforts aimed at ensuring a secure supply of oil and natural gas for Serbia, as an overarching body that will direct and coordinate the activities of two working groups – one monitoring the activities of the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) concerning potential sanctions on Novi Sad-based joint-stock company NIS AD, and the other tasked with negotiating an agreement on the supply and delivery of natural gas to Serbia from the Russian Federation.

The Coordination Body will be chaired by Prime Minister Miloš Vučević.

This body has been established in recognition of the need to secure oil and gas quantities needed for stable market supplies, given the possibility of US sanctions on NIS AD.

Its mandate will include reviewing issues and coordinating and guiding the work of state administration bodies and other relevant entities in preparing, negotiating and concluding potential arrangements and taking all activities required to maintain a secure supply of oil and gas.

The government members adopted decisions for the Working Group for negotiating an agreement on the supply and delivery of natural gas to Serbia from the Russian Federation to be led by First Deputy Prime Minister and Minister of Finance Siniša Mali, and for the Working Group monitoring OFAC activities regarding potential sanctions on NIS AD to be headed by Minister of Mining and Energy Dubravka Đedović Handanović.

Additionally, the government adopted a Conclusion on establishing a Working Group to engage in discussions with representatives of education sector employees, given the demands of employees at educational institutions for salary increases.

Members of this Working Group will discuss a method and modalities for potential salary increases in the sector and take part in developing negotiating positions for talks with education sector employees, as well as other stakeholders, as necessary, to successfully fulfil its mandate.

Photos by: Slobodan Miljević