Overview

• US restrictions targeting NIS came into force on October 9 after several postponements since their announcement in January.
• JANAF said NIS lacked the required license for crude transit, ending the ability to perform contract activities as of October 8.
• Economy Minister Ante Šušnjar said Zagreb is prepared to buy a stake in NIS to ensure uninterrupted operations and protect JANAF’s interests.
• JANAF reported it remains financially stable and is working with the Croatian government and US legal advisers on compliant solutions.
• The Adriatic pipeline links the Omisalj terminal to several neighbors and supplies up to 95% of Serbia’s oil, underscoring regional stakes.