U.S. Grants Extension to Serbia's Russian-Owned Oil Firm NIS
Published on: Oct. 1, 2025, 2:23 p.m. | Source: Devdiscourse
The U.S. Department of the Treasury has issued a special license to delay imposing full sanctions on Serbia's Russian-owned oil company NIS, allowing it to continue operations until October 8. NIS runs the sole oil refinery in Serbia, crucial for the Balkan nation's energy supply.
