For the fourth time since April, the US Department of the Treasury has extended Serbian oil company NIS’s waiver from full sanctions implementation, pushing the new deadline to 29 July 2025.
This extension follows NIS’s recent application for a special license aimed at preserving its ability to conduct routine business beyond the previous waiver’s expiration on 27 June.
Under the current authorization, NIS and its subsidiaries may continue essential maintenance, fulfill existing contracts, and carry out transactions involving debt or equity instruments, provided such transfers are made to non-US persons. The license also permits official consular or diplomatic activities outside Russia involving NIS or its affiliates.
Alongside the extension request, NIS reiterated its appeal to be removed from the US Treasury’s Specially Designated Nationals (SDN) list, seeking a complete lifting of operational restrictions. The company emphasizes its compliance with Serbian law and regulations in all markets where it operates, asserting that its activities do not justify sanctions.
NIS reaffirms its commitment to maintaining stable petroleum product supplies to Serbia’s domestic market and supporting the welfare of its more than 13,000 employees. The company also promises to keep stakeholders and the public informed of any developments that could impact its business or workforce stability.
