economy
February 21, 2026
IMPORTANT NEWS FOR SERBIA! It concerns oil and NIS!
Jadranski naftovod (JANAF) published a statement regarding the decision of the US Office of Foreign Assets Control (OFAC), which ensures the continuation of key energy operations.
TL;DR
- JANAF received a license from the US OFAC valid until March 20, 2026, ensuring the continuation of key energy operations.
- This license allows for the uninterrupted execution of crude oil transport contracts with NIS.
- NIS also received a special license from the US Department of the Treasury enabling operational activities, including oil import, processing, and necessary transactions until March 20, 2026.
- The US OFAC previously issued a license for NIS shareholders and interested parties to negotiate changes in NIS's ownership structure.
- The Serbian Minister of Mining and Energy, Dubravka Đedović Handanović, confirmed the license extension and emphasized ongoing diplomatic efforts and negotiations with the Russian side and in Washington.
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