economy
February 20, 2026
OFAC extends NIS license: Here's until when, Minister Đedović Handanović revealed
The US Office of Foreign Assets Control (OFAC) has decided to extend the license of the Oil Industry of Serbia until March 20, and this was confirmed by Minister Dubravka Đedović Handanović.
TL;DR
- The US OFAC has extended NIS's operating license until March 20.
- Minister Dubravka Đedović Handanović confirmed the extension.
- The NIS license was set to expire, which could have halted crude oil transport.
- NIS is awaiting OFAC's decision on a preliminary purchase agreement for Russian ownership exit.
- The Pančevo refinery's operations are secured by this license extension.
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