Overview

• JANAF announced it has suspended cooperation with NIS, citing the Serbian company’s lack of a U.S. Treasury license as sanctions take effect.
• The U.S. previously granted JANAF a time‑limited license to continue transporting crude to NIS and finish contracted work through October 15, 2025.
• NIS stated it has not received any special U.S. license or formal notification delaying restrictions and is monitoring the situation closely.
• To sustain supply, NIS said it created an oil reserve and prepared alternative payment options for its filling‑station network if foreign cards stop working.
• Sanctions imposed in January target Gazprom Neft, its CEO Alexander Dyukov, and NIS; the Adriatic pipeline supplies most of Serbia’s oil, and prior enforcement delays had been pushed to October 8 despite unconfirmed reports of another week’s postponement.