economy
February 20, 2026
NIS Announced After OFAC Extended License Until March 20
The Oil Industry of Serbia announced today that it has received a new special license from the US Department of the Treasury, which allows the company's operational activities to continue smoothly until March 20.
TL;DR
- NIS has received a special license from the US Department of the Treasury.
- The license allows uninterrupted operational activities until March 20.
- It covers NIS and its subsidiaries, including oil import, processing, and necessary transactions.
- The license also permits financial settlements and technical maintenance.
- A previous OFAC license allowed negotiations on ownership structure changes until March 24.
Continue reading the original article