Gazprom increases share in NIS to 11.3%

Although the shares of Naftna Industrija Srbije (NIS) are not listed on the stock exchange since the announcement of the introduction of U.S. sanctions, a change in the proportion of the shares is noticeable today and it can be clearly seen that Gazprom, against which sanctions have not been imposed, has taken over another 5% of the shares of Gazprom Neft without compensation and now it has a total of 11.3% in this company against which sanctions are expected tomorrow morning, the Politika daily reports.

The broker Nenad Gujanicic says that a change is apparent, but that it still can’t mean that Gazprom is the majority owner of NIS and that there will be no sanctions because of that. It remains to be seen what will happen in the coming hours.

When asked whether Gazprom might take over all the remaining shares of NIS, thereby avoiding the introduction of sanctions, he says that he can’t comment on it.

This way, two years ago, Gazprom managed to solve the problem of supplying NIS with oil, as the EU had introduced a package of sanctions which banned supply with Russian oil. With the acquisition of 6.15% of NIS shares at that moment, Gazprom also managed to solve the issue of the oil which will arrives via Janaf.

NIS a.d. Novi Sad

Naftna industrija Srbije ad Novi Sad

NIS

Gazprom

Janaf

Nenad Gujaničić

introduction of sanctions on NIS