Croatia: We're Ready to Acquire U.S. Sanctioned Serbian Oil Company

Croatia is ready to acquire Serbia’s Russian-owned oil company NIS, which was hit by U.S. sanctions on Tuesday, Economy Minister Ante Šušnjar announced. The move, he said, would protect Croatia’s state-owned oil pipeline operator Jadranski naftovod (JANAF), whose business depends heavily on supplying crude to NIS. The sanctions, delayed for nine months, officially took effect this week, cutting off NIS from key Western partners. JANAF confirmed that it has U.S. authorization to continue deliveries until O ...