Overview
- OFAC last week issued a license that permits only negotiations over a change in NIS ownership, valid through February 13, 2026.
- NIS says it has applied for a special U.S. license that would allow continued operations while ownership talks proceed.
- Serbia’s energy minister says Russian shareholders agreed in principle to sell their 56.15% controlling stake to an undisclosed buyer.
- Crude deliveries via Croatia’s JANAF pipeline stopped after U.S. sanctions took effect in October, compounding banking restrictions.
- Reports indicate MOL may pursue an 11.3% stake, and President Aleksandar Vucic says the state could buy shares if the main deal fails.