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US sanctions on NIS part of broader isolation of Russian
energy
assets
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JANAF granted temporary license to transport crude to
Serbia
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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.