Banks in Serbia to close NIS’s accounts by February 26?

All the foreign banks will close the accounts of Naftna Industrija Srbije (NIS) unless the ownership structure is changed by February 26 so that the Russian co-owners are excluded, learns the Capital.ba portal.

This was confirmed for the portal by a well-informed source who told them that, at the meeting between the governor of the National Bank of Serbia (NBS) with the bankers which took place the day before, the representatives of the foreign banks had pointed out that they would close all the accounts of NIS and the related companies unless Russians exited the ownership structure by February 26.

Eight days before the announcement, the company had been put on the list of the sanctioned legal entities by the U.S. Office of Foreign Assets Control (OFAC).

The reason cited is the share of the Russian company Gazprom Neft in the ownership.

Narodna banka Srbije Beograd

NIS a.d. Novi Sad

National Bank of Serbia

Gazprom Neft

Naftna industrija Srbije

sanctions against NIS