economy

April 18, 2026

JANAF Announces License for Serbia's Oil Industry

OFAK previously issued a new operating license for NIS until June 16.

JANAF Announces License for Serbia's Oil Industry

TL;DR

  • JANAF received a new license from the U.S. OFAC for oil transport activities with NIS, valid until June 16.
  • The license is seen as confirmation of JANAF's stable and responsible business practices.
  • The goal is to continue supplying oil products to Croatia and the region.
  • NIS was also granted a new operational license by OFAC until June 16.
  • NIS had requested a special license to continue operations after its previous one expired.
  • Sanctions were imposed on NIS in October 2025 due to its majority Russian ownership.
  • Negotiations regarding Gazpromneft's majority ownership in NIS have been extended until May 22.

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