U.S. Treasury extends license for Serbian NIS

The Office of Foreign Assets Control of the U.S. Treasury (OFAC) extended until October 30 the license for operating activities of the Serbian energy company NIS. RTS reports. The document allows NIS to work under the conditions of US sanctions, which came into force in October 2025.

The current license expired on September 30. “The situation remains very difficult due to geopolitical circumstances and rising energy prices, as well as difficult logistical conditions, low water levels in the Danube and problems with the import of petroleum products,” said Acting Minister of Mining and Energy of Serbia Dubravka Djedović-Khandanovich.

The United States demanded the complete withdrawal of Russian shareholders from NIS to lift sanctions. Now the shares in NIS are distributed as follows: Gazprom Neft - 44.9%, Gazprom - 11.3%, the government of Serbia - 29.9%. Gazprom Neft and MOL entered into a preliminary agreement to sell their stake in NIS in January. For the transaction, permission from the US Treasury is required.

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