The Petroleum Industry of Serbia Requests New Sanctions Delay from the U.S. Department of the Treasury

The Petroleum Industry of Serbia (NIS) has submitted a request to the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury for a new postponement of sanctions.

22.08.2025. 12:46

The Petroleum Industry of Serbia Requests New Sanctions Delay from the U.S. Department of the Treasury

At the end of July, the U.S. Department of the Treasury issued a new special license that delayed the full implementation of sanctions against NIS, allowing the company to continue its operational activities without interruption until August 27.

So far, the U.S. administration has extended NIS's operating license five times.

NIS was placed on the sanctions list due to its majority Russian ownership, and the company submitted a special request to Washington back in March to be removed from that list.

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