Keywords: MOL
The US Treasury Department has granted a one-month extension on sanctions relief for Serbia's NIS oil company, majority-owned by Russian entities, pushing the deadline to February 20, 2026. This move provides the Balkan nation breathing room to secure winter fuel supplies amid ongoing talks to divest......
Serbia’s only oil refinery, operated by the Russian-majority-owned Petroleum Industry of Serbia (NIS), has stopped processing crude oil due to halted supplies caused by US sanctions. The sanctions, which took full effect on October 8 following multiple postponements, have led to banks ceasing payment......
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