Srbija
Hrvatska
Slovenija
The Gazprom-branded fuel station in Veljaci, near the town of Ljubuski in western Bosnia and Herzegovina, has become the first outlet to shut down in the country following the implementation of new U.S. sanctions targeting Serbia’s state oil company NIS and affiliated Russian energy firms, local outlet Hercegovinainfo reports.
According to Slobodna Dalmacija, signs of an imminent closure had been visible for weeks. Customers were able to pay only in cash - a situation seen at all Gazprom stations in Bosnia and Herzegovina - and store shelves inside the station were almost completely empty.
NIS (Naftna industrija Srbije), whose majority owner is the Russian company Gazprom Neft, operates subsidiaries not only in Serbia but also in Romania, Bulgaria, and Bosnia and Herzegovina.
In Bosnia and Herzegovina, NIS operates through its affiliated companies NIS Petrol Banja Luka and G-Petrol Sarajevo, which together manage 42 fuel stations and employ roughly 500 workers across the country.
Gazprom Neft, the Russian energy giant, has been the majority shareholder in NIS since 2008, holding 56.15% of the company, while the remainder is divided between the Serbian government and minority shareholders.
The closure in Veljaci is expected to be the first of several potential disruptions if U.S. sanctions continue to affect the company’s operations across the region.
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