economy
Kojčić: I expect OFAC to extend the deadline for the sale of the Russian stake in NIS
Former Assistant Minister of Energy, Raša Kojčić, stated today that he expects the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury to extend the deadline for negotiations regarding the sale of the Russian stake in the National Oil Industry of Serbia (NIS), which expires today, considering that NIS's operational license is valid until June 16.
TL;DR
- Former Assistant Minister of Energy Raša Kojčić anticipates an extension for negotiations on the sale of Russia's NIS stake.
- NIS's operational license is valid until June 16, adding urgency to the situation.
- The refinery's function is vital for Serbia's domestic derivative supply and energy security.
- Sanctions have hampered NIS's operations for over a year, affecting procurement of parts and daily work.
- Serbia should aim to increase its ownership in NIS for better control over company decisions.
- The outcome of negotiations with MOL depends on the respective negotiating teams.