The US Treasury Department’s Office of Foreign Assets Control (OFAC) has extended the license granted to Hungarian oil and gas company MOL, allowing it to continue negotiations for the acquisition of the Russian stake in Serbian oil and gas company NIS. The extension is valid until July 1st. This license permits MOL to engage in discussions regarding the purchase of shares currently held by Russian interests. The original license was nearing expiration, and this extension provides further time for potential deal negotiations. The move suggests continued US monitoring of the situation and potential willingness to facilitate a change in ownership of the strategically important NIS company. Details of the potential transaction, including financial terms, remain undisclosed. The extension does not guarantee a final agreement will be reached.