sanctions | Institute of Central Europe

Eastern Team

IEŚ Commentaries 1652

2 July 2026

Michał Paszkowski - Eastern Team

European Union Sanctions on Russian Natural Gas Supplies in the Context of the Security of Central European Countries

The entry into force of successive EU restrictions on imports of Russian natural gas is intended to complete the process of phasing out supplies from Russia and to permanently reshape the structure of the European market for this commodity. The REPowerEU regulation, adopted in early 2026, provides for a gradual phase-out of imports: from a ban on concluding new contracts, through...

IEŚ Commentaries 1506

22 January 2026

Michał Paszkowski - Baltic Team

Hungarian MOL Takes Over Russian Shares in Serbian Company NIS

The declaration of intent by Gazprom Neft to sell its shares in the Serbian company Naftna Industrija Srbije (NIS) to the Hungarian firm MOL[1] represents one of the most significant developments in the Central European fuel market in recent years. MOL’s entry in place of the Russian owner is expected to restore the operational continuity of the Pancevo refinery while...