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24.10.2025 20:30:00

Sanctions Halt Oil Flows to Serbia as Russian-Owned NIS Faces Refinery Shutdown

Russia-owned Naftna Industrija Srbije (NIS) has halted crude processing as U.S. sanctions choke oil flows to Serbia, triggering fears of a fuel shortage ahead of winter. A shipment of roughly one million barrels of Kazakh KEBCO crude that arrived at Croatia’s Omisalj terminal on 9 October remains blocked after deliveries through the JANAF pipeline were suspended on 8 October, according to multiple industry sources cited by Reuters on Friday.  The U.S. Treasury’s Office of Foreign Assets Control allowed a sanctions waiver on NIS…Weiter zum vollständigen Artikel bei OilPrice.com