economy

February 13, 2026

NIS requested a new special license from the US Department of the Treasury for the company's operations after February 20

The Oil Industry of Serbia (NIS) submitted a new request to the US Department of the Treasury on February 12 for a special license, which would allow the company to continue its operational activities smoothly after February 20, when the previous license expires.

NIS requested a new special license from the US Department of the Treasury for the company's operations after February 20

TL;DR

  • NIS submitted a new request to the US Department of the Treasury on February 12 for a special license.
  • The license is needed to continue operational activities after the current one expires on February 20.
  • NIS emphasized its importance to the Serbian economy.
  • The company is undergoing negotiations regarding changes in its ownership structure.
  • A license extension would allow interested parties sufficient time to finalize these talks.
  • A previous license from OFAC allowed negotiations on NIS ownership changes until March 24, 2026.

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