""The company has not been extended a special license by the United States Department of Finance, which enables smooth operational business," NIS said in a statement."Since the listing of the company on the SDN (Specially Designated Nationals) list in January, NIS has been carefully monitoring the situation and trying to adapt its operations to the new circumstances...NIS has secured sufficient stocks of oil for processing at this time, while gas stations are properly supplied with all types of oil derivatives."
"Serbia is heavily dependent on Russian gas and is currently in talks for a new supply deal.Serbian President Aleksandar Vucic said on October 7 that Belgrade will discuss ways to resolve problems created by the sanctions with Russia."We no longer have anything to discuss with the Americans. The United States has imposed its will on others and Europe will support American sanctions," said Vucic."
U.S. Treasury sanctions on the Russian-owned Oil Industry of Serbia (NIS) have taken effect after multiple delays and non-extension of a special operating license. The measures seek to curb financing of the Kremlin's war in Ukraine by Russian energy firms. NIS reports having secured sufficient oil stocks and says gas stations remain supplied with derivatives while adjusting operations. Kremlin-controlled Gazprom Neft holds a substantial stake in NIS and broader Serbian energy assets. Serbia has condemned the invasion at international forums but declined to join Western sanctions and remains dependent on Russian gas, pursuing a new supply deal, with President Aleksandar Vucic seeking talks with Russia over sanction impacts.
Read at RadioFreeEurope/RadioLiberty
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