financetom
Business
financetom
/
Business
/
Serbia's Russian-owned oil firm NIS faces US sanctions as waiver expires
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Serbia's Russian-owned oil firm NIS faces US sanctions as waiver expires
Oct 8, 2025 11:17 PM

*

US sanctions on NIS part of broader isolation of Russian

energy

assets

*

JANAF granted temporary license to transport crude to

Serbia

*

NIS collaborates with partners to mitigate impact of

sanctions

(Adds oil stocks, background and comments throughout)

ATHENS, Oct 9 (Reuters) - Serbia-based Russian oil

company NIS said on Thursday it had failed to secure

another waiver from U.S. sanctions, which could complicate its

long-term efforts to secure oil deliveries.

The U.S. imposed sanctions on NIS, one of Russia's last

remaining energy assets in Europe, in January, part of a wider

move to isolate Russian energy assets. But a series of waivers

delayed the measures until October 9.

"The special license from the U.S. Department of the

Treasury, which enables seamless operational business, has not

yet been extended," NIS said in a statement.

However, the U.S. on Wednesday extended a license for

Croatian oil pipeline operator JANAF, NIS' main

supplier, to continue transporting crude to Serbia for another

week, as it seeks to complete the delivery of contracted

volumes.

NIS said on Thursday it had secured sufficient stocks of oil

for processing and gas stations in the country were regularly

supplied with all types of petroleum products as U.S. sanctions

take effect and the company worked to overcome the situation

with partners, the Serbian government and shareholders.

Gazprom Neft holds a 44.9% stake, and an investment

unit of Gazprom has about 11.3% in NIS. The Serbian

government has a 29.9% stake.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved