JANAF to suspend business with Russian-owned NIS over EU sanctions

Croatian pipeline operator JANAF has reported that a contract for transporting crude oil with the Serbian company NIS is subject to EU sanctions against Russia. 

JANAF said on Wednesday that the fulfillment of the contract would be suspended May 15. The contract is set to expire at the end of this year. JANAF said it did not expect this to have a major negative impact on its business. Russia's Gazprom holds the majority stake in NIS.