OFAC Issues New NIS License for Negotiations on Sale of Russian Stake Until March 24
The Office of Foreign Assets Control (OFAC) has issued a new license to the Petroleum Industry of Serbia (NIS), allowing negotiations for the sale of the Russian stake with an extended deadline until March 24. At the same time, OFAC has not authorized NIS to conduct business during this period.
The new license, permitting negotiations for the sale of the Russian stake, was issued to NIS by the Office of Foreign Assets Control (OFAC) with an extended deadline until March 24.
OFAC has not authorized NIS to operate during this period, reports RTS.
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