Business news from Ukraine

Business news from Ukraine

US OFAC has denied Serbia license to continue operating NIS

2 December , 2025  

According to the Serbian Economist, Serbia has not received a special license from the U.S. OFAC to continue the work of the company NIS, which has fallen under U.S. sanctions. This was announced by Serbian President Aleksandar Vucic. He also said that Serbia has decided to completely shut down the Pančevo refinery.

Since November 25, the NIS refinery has been operating in a reduced circulation mode due to a shortage of oil. Vucic noted that NIS will decide when to complete the shutdown of the refinery.

Earlier it was reported that the Serbian parliament is preparing an amendment that would allow Serbia to become the owner of NIS. A possible sale of 56.15% of NIS shares to Hungarian partners is also being considered.

NIS, a subsidiary of Gazprom Neft, was included in the US SDN List in 2025.

https://t.me/relocationrs/1865

 

, , ,