The US Treasury Department's Office of Foreign Assets Control (OFAC) extended the operating license for Serbian oil company NIS until December 11, 2026, the Tanjug news agency reported on October 30, citing its own sources. The text of the new OFAC authorization was not publicly available in the materials reviewed.
The previous authorization was valid until October 30. NIS is subject to US sanctions because of Russian ownership interests in the company. The reported extension allows continued operations under a license; it does not mean the sanctions have been lifted.