Serbia is reportedly preparing an amendment to the draft budget that would allow the state to take ownership of the Russian-owned oil company, Petroleum Industry of Serbia (NIS), which is currently sanctioned by the US. The US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Russia’s oil sector in January, including Serbia’s NIS, which is majority-owned by Russia’s Gazprom Neft. Washington granted NIS several waivers before the sanctions took effect in October. JOIN US

Tag-uri: Petrol