Croatian JANAF pipeline stands to lose up to 18 million Euros after Serbian NIS hit with sanctions

The American sanctions on Serbia's Oil Industry might lead to significant financial losses for Croatia's Adriatic Pipeline (JANAF). Croatia put forward a feeler to acquire control over Serbia's Oil Industry (NIS) to stabilize JANAF's operations, sparking political banter between Croatian and Serbian leaders, which reflects old Balkan rivalries and energy independence goals.