NIS Requests New License from the U.S. Department of the Treasury to Postpone Sanctions
The company NIS has submitted a new request to the U.S. Department of the Treasury for the issuance of a special license that would postpone the full implementation of sanctions and allow the company to continue its operational activities without interruption after September 26, when the deadline se
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The Higher Court in Novi Sad has rejected the prosecution's request to place 13 suspects in custody in the case concerning the collapse of the canopy at the Railway Station in Novi Sad, where 16 people were killed and one person seriously injured.
The company also submitted a request to the U.S. Department of the Treasury on March 14 to be removed from the SDN List (Specially Designated Nationals), which is a complex and lengthy process.
So far, the full implementation of sanctions against NIS has been postponed six times on the basis of special licenses issued by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury.
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The enforcement of U.S. sanctions against the Petroleum Industry of Serbia (NIS) is “extremely bad news for Serbia,” President Aleksandar Vucic stated at a press conference. He added that the storage facilities are full and that citizens can remain calm regarding oil derivatives until the New Year.
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The company NIS informs the public that it has not yet received an extension of the special license from the U.S. Department of the Treasury, which allows for uninterrupted operational activity.
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