NIS submits request for special license to U.S. Department of the Treasury

Naftna industrija Srbije (NIS) has announced that, on November 18, it submitted a new request to the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury for the issuance of a special license that would enable the company to operate without disruptions.

The previous license, issued on November 14 and valid until February 13 2026, authorized negotiations between shareholders and other interested parties regarding changes in NIS’s ownership structure, the press release says.

In line with the current status of negotiations between the shareholders and the interested parties, a request was sent to OFAC for a new license that would allow the company to continue its operations while discussions on a sustainable solution for NIS are underway.

In January 2025, the U.S. Department of the Treasury added NIS to the list of companies under sanctions due to Russian ownership, and after several delays in the implementation of the sanctions, they came into effect on October 9.

NIS a.d. Novi Sad

Naftna industrija Srbije

NIS

OFAC

sanctions on NIS

NIS license

NIS operations

sale of NIS