economy
February 20, 2026
NIS Announces After OFAC License Extension: Detailed Explanation of Implications
NIS has spoken out after today's announcement of a license extension, which was communicated by the Minister of Mining and Energy, Dubravka Đedović Handanović.
TL;DR
- NIS obtained a new OFAC license enabling smooth business operations until March 20.
- The license covers oil import and processing activities.
- It allows NIS to maintain its business, contracts, and other agreements, including those involving its subsidiaries.
- Transactions necessary for supply security, technical maintenance, and financial settlements are also permitted.
- A separate OFAC license was previously issued for negotiations on changes in NIS's ownership structure, expiring on March 24.
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