NewzThe United States government has extended the operating license for the Serbian oil company NIS for an additional month, moving the expiration date to August 28. The decision, reported by the Serbian news agency Tanjug, allows the company to continue its operations despite being subject to international sanctions.
NIS is currently under sanctions due to its majority Russian ownership. This latest extension marks a continued period of regulatory flexibility granted by U.S. authorities, who have periodically renewed the company's authorization to operate while maintaining the broader sanctions framework against Russian-linked entities.
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