Serbia oil company NIS requests US sanctions waiver extension for crude imports
NIS has requested a US sanctions waiver to continue oil imports during its sale to Hungary. The move aims to secure fuel supplies for the Serbian economy.
Insights:
The Russian 
RU-owned oil company NIS filed a motion with the United States 
US Office of Foreign Assets Control on February 12, requesting a sanctions waiver to permit the continued import of crude oil. This legal move comes as the company, which is currently owned by Gazprom Neft and Gazprom, awaits the finalization of its sale to the Hungarian 
HU firm MOL. The request is particularly urgent because a previous waiver is set to expire on February 20, creating a significant timing constraint for the energy sector in Serbia 
RS.
RU-owned oil company NIS filed a motion with the United States US Office of Foreign Assets Control on February 12, requesting a sanctions waiver to permit the continued import of crude oil. This legal move comes as the company, which is currently owned by Gazprom Neft and Gazprom, awaits the finalization of its sale to the Hungarian HU firm MOL. The request is particularly urgent because a previous waiver is set to expire on February 20, creating a significant timing constraint for the energy sector in Serbia RS.
