JANAF

NIS Board of Directors to meet amid U.S. sanctions and operational uncertainty

A special meeting of the Board of Directors of Naftna Industrija Srbije (NIS) is scheduled today, following a request from four Serbian representatives on the 11-member board. The board includes five members from Gazprom Neft and two from Gazprom. The meeting aims to have the majority owner clarify how the company will operate under U.S. sanctions and whether any changes to ownership or management structure are being considered to address the crisis and protect the interests of Serbia and nearly…