On 13 December 2019, Nynas AB has filed for company reorganisation at Södertörn's District Court in Sweden. According to the company, its loans have not been extended by the banks. Thus, Nynas cannot pay due debts forcing it to apply for a reorganisation of the company. Nynas is owned by Neste Oil of Finland and Petróleos de Venezuela (PDVSA) with PDVSA being the majority shareholder. The US sanctions against Nynas’ shareholder PDVSA are said to have eroded the company’s profitability over time. Due to PDVSA's ownership, Nynas has been affected by US financial restrictions since August 2017. Recently, the company has also been stopped from buying crude oil from Venezuela which has been replaced with other crude oils. This has resulted in increased raw material costs.