Gazprom Neft cuts stake in Serbia’s NIS

Gazprom Neft transfers NIS stake amid US sanctions
Russian oil producer Gazprom Neft has transferred around 5.15% of its shares in Serbian oil and gas company NIS to parent company Gazprom in response to US sanctions, reported Reuters. The move aims to prevent disruptions in Serbia's crude oil supply by complying with the sanctions imposed on Russia's oil sector on 10 January,
Gazprom Neft cuts stake in Serbia’s NIS as US sanctions loom
Russia's Gazprom Neft transferred stakes of around 5.15% in Serbia's NIS oil company to Gazprom, in an attempt to ward off U.S. sanctions that could result in crude supply cuts for the Balkan country.
Gazprom Neft transfers 5.15% stake in Serbia's NIS to parent Gazprom
February 26 (SeeNews) - Russia's oil major Gazprom Neft has transferred a 5.15% stake in Serbia's oil and gas group NIS [ BEL:NIIS] to its parent Gazprom, bourse filings by the two Russian companies showed on Wednesday, a day before U.S. sanctions against Serbia's sole refiner are set to come into effect.
Gazprom Restructures NIS Holdings Amid Looming US Deadline
Russia’s Gazprom Neft has reduced its ownership in Serbia’s top oil company, NIS, just as a US-imposed deadline on sanctions approaches. The move aims to prevent potential penalties that could cut off Serbia’s oil supply.
Serbia in talks with US, Russia as oil sanctions deadline looms
Serbia is in last minute talks with the United States and Russia ahead of a Thursday deadline to avoid U.S. sanctions on oil company NIS that could result in crude supply cuts, Energy Minister Dubravka Djedovic Handanovic said on Wednesday.
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