ownership

US sanctions on Serbian oil industry raise uncertainty over NIS ownership and future

American sanctions on Serbia’s oil industry, due to majority Russian ownership of NIS, have raised concerns about the company’s future. NIS’s largest shareholder is Gazpromneft, holding 50%, with Gazprom owning an additional 6.15%. The Serbian state owns 29.87%, and small shareholders own 13.98%. To avoid EU sanctions, Gazprom purchased 6.15% of shares from Gazpromneft, but with the introduction of US sanctions, the situation has become uncertain. Experts suggest four options for resolving the issue: the Serbian state could buy out…