The Serbian government today sent a letter to the administration of US President Donald Trump, in which it supported the request of the Oil Industry of Serbia (NIS) to again postpone the implementation of sanctions imposed by the United States (US) on the company due to its majority Russian ownership.
Serbian Minister of Mining and Energy Dubravka Đedović Handanović chaired today a session of the Serbian Government Working Group for Monitoring the Activities of the US Treasury Department's Office of Foreign Assets Control (OFAC), at which it was decided to support NIS's request for a further postponement of sanctions, RTS reports.
The US Treasury Department's Office of Foreign Assets Control (OFAC) blacklisted NIS on January 10th as part of a new package of sanctions against the Russian oil industry.
Sanctions against NIS were supposed to come into effect on February 27, but the US postponed their implementation until March 29 at XNUMX a.m. Central European Time.
Srbijagas CEO Dušan Bajatović stated on March 19 that lawyers had asked OFAC for a new extension of sanctions against NIS, stating that there was a possibility of this, but on the condition that Serbia create an action plan for ownership relations in that company within the next month, in agreement with the US and Russia.
The Russian state-owned company Gazpromneft has a 44,85 percent stake in NIS, its parent company Gazprom has 11,30 percent, the state of Serbia owns 29,87 percent, and the rest belongs to small shareholders.
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