Croatia plans to acquire Serbia’s NIS, impacted by U.S. sanctions. JANAF, Croatia’s oil pipeline operator, relies heavily on NIS for crude supply. U.S. sanctions cut off NIS from Western partners, affecting Bosnia and Herzegovina. JANAF faces a significant revenue loss due to halted deliveries.

The U.S. sanctions target Gazprom Neft, previously holding 50% of NIS. Gazprom Neft now owns 44.9%, while Intelligence holds 11.3%. Serbia retains a 29.9% share. Croatia sees acquiring NIS as a strategic move to protect national interests and ensure regional energy stability amid geopolitical tensions.

Read more at Yahoo Finance: We’re Ready to Acquire U.S. Sanctioned Serbian Oil Company