US OFAC grants MOL extended license for NIS acquisition prep

Hungarian MOL received an additional OFAC license to conduct preparatory deals for acquiring shares in Serbian NIS, a Gazprom Neft subsidiary, valid until February 28, 2027. This extends the previous authorization, indicating continued US sanction flexibility for the deal. The move signals Washington's willingness to allow a European buyer to take over a sanctioned Russian-linked asset, potentially affecting regional energy security and sanction enforcement.

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