OFAC Extends MOL License for NIS Purchase Talks with Gazprom Neft
OFAC extended MOL's license to negotiate the purchase of Serbian NIS from Gazprom Neft until October 30, 2026. This continues an established sanctions-related negotiation process, with no new terms disclosed. The extension signals ongoing U.S. engagement in the deal, which could affect regional energy supply and sanctions compliance.
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Serbia — 15 developments
Serbia Energy Sanctions: NIS Awaits OFAC Decision Amidst MOL, Russian Gas Deadlines
Serbia's NIS continues to operate under temporary OFAC licenses, with a critical decision pending on a new license request that will impact its ability to maintain operations and payments. Negotiations for MOL to acquire NIS from Gazprom Neft are ongoing, facilitated by extended OFAC permissions. Serbian political actors, including the Russian ambassador and student opposition, consistently signal Belgrade's intent to resist imposing sanctions on Moscow.