Will OFAC Grant NIS a License? What It Means for Serbia and Croatian JANAF

The Adriatic Pipeline (JANAF) is awaiting a license from the US Treasury's OFAC for Serbia's oil supply to NIS. Serbian President Vučić warns of dire consequences if the license is denied, estimating a 40% chance of approval. JANAF remains hopeful, ready to resume operations immediately if granted. The decision is expected today.

Russo-Serbian oil telenovela continues: Vucic proposes 50-day deadline for NIS ownership changes

The Serbian government stated that it will give additional 50 days to the Russian side to find a new investor for its stake in the Serbian Oil Industry NIS. The extension might have been motivated by internal Serbian calculations considering the possible outcome of the Russian aggression against Ukraine that might reward the Kremlin's ambitions, in line with the Witkoff-Dmitriev 28-point peace plan.

ADNOC Negotiates to Purchase NIS Stake Amid US Sanctions

Abu Dhabi National Oil Company is negotiating to acquire the Russian stake in Serbia’s NIS amid U.S. sanctions affecting the Serbian oil industry. The agreement's future is uncertain, with U.S. sanctions complicating transactions. NIS applied for a license to facilitate negotiations regarding its ownership structure. Neither ADNOC nor the Kremlin has commented.

Marta Kos on Serbia: You cannot sit on two chairs – ask for money from the EU and ask the other side for gas

"If you [Serbia] participate in the action of the army that kills people in Ukraine, forget the accession process, the chapters, such a country can never become a member of the EU, but that is your choice", Marta Kos, the European Commissioner for Enlargement of the European Union said at a meeting with journalists on the sidelines of the EU Enlargement Forum in Brussels.