US OFAC permits MOL to continue NIS acquisition talks
The US Treasury's OFAC has granted Hungarian oil company MOL permission to continue negotiations to acquire Serbian oil company NIS. This approval signals potential easing of US sanctions-related constraints on the deal, which involves Russian ownership stakes. The outcome affects regional energy supply and Western sanctions enforcement in the Balkans.
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Serbia Energy Sanctions: NIS Awaits OFAC Decision Amid Russian Gas, MOL Deadlines
Serbia's NIS is awaiting a critical OFAC decision on a new license request, with deadlines approaching for Hungarian MOL and Russian gas supplies. While OFAC has extended NIS's operational license and permitted MOL acquisition talks, the long-term viability of NIS under Russian ownership remains uncertain, impacting Serbia's energy security and sanctions compliance. Russian officials and Serbian opposition maintain that Belgrade will not impose sanctions on Moscow.