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Home > India > Serbia's Russian-owned NIS oil company fails to secure another US sanctions waiver

Serbia's Russian-owned NIS oil company fails to secure another US sanctions waiver

Written By: Indianews Syndication
Last Updated: October 9, 2025 10:47:42 IST

ATHENS, Oct 9 (Reuters) – Serbia's Russian-owned NIS oil company has failed to secure another waiver from U.S. sanctions, the company said on Thursday. "The special license from the U.S. Department of the Treasury, which enables seamless operational business, has not yet been extended," the company said. NIS, one of Russia's last remaining energy assets in Europe, said it had secured sufficient stocks of oil for processing as U.S. sanctions take effect. (Reporting by Aleksandar Vasovic and Ivana Sekularace; Editing by Jamie Freed)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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