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US Delays Sanctions on Serbia's Oil Company

Summary by BizToc
The United States Treasury Department's Office of Foreign Assets Control (OFAC) decided to extend the license for Serbia's oil company Naftna Industrija Srbije (NIS), delaying the planned sanctions un...

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The Office of Foreign Assets Control (OFAC) of the United States Treasury Department has extended the operating license of the Serbian Oil Company (NIS) until December 11, Serbian public television (RTS) reported on Friday.

·Budapest, Hungary
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The Foreign Assets Control Authority (OFAC) of the United States Ministry of Finance extended until 11 December the operating licence for the sanctioned Russian Serb company NIS ("the Oil Industry of Serbia"). The licence was extended until 11 December and transferred to TASS with reference to Radio and Television Serbia. It is noted that NIS submitted a request to OFAC for an extension of the current operating licence on 24 October. It expired …

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The U.S. Foreign Assets Control Authority (OFAC) extended a special operating licence to the Serbian oil company NIS until 11 December (the current licence was valid until 30 October) and reported to the Serbian media.

BELGRADE: NIS announced tonight that it has received a new special license from the US Treasury Department, which allows the company to continue operating activities through December 11, 2026.

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This decision enabled the continuation of the company's operations and the smooth operation of the oil refinery in Pancevo. The new license was issued on Friday, October 30, on the day when the company's previous license expired, thus avoiding a possible interruption of the activities of one of the most important companies in the energy sector of Serbia. License extension for an additional six weeks On October 24, NIS submitted a request to the …

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The Office of Foreign Assets Control (OFAC) of the US Treasury Department issued a new operating license to the Petroleum Industry of Serbia (NIS), which was extended until December 11. This decision, which Nova.rs had access to, enabled the continuation of the company's operations and the operation of the oil refinery in Pancevo. On October 24, the NIS company submitted to OFAK a new request for issuing a special [...] The post PANČEV REFINERY …

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Telegraf – Najnovije vesti broke the news on Friday, October 30, 2026.
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