The U.S. Department of the Treasury has issued a new special license extending the operational activities of Serbia’s oil company, NIS, until July 1st. This license allows NIS to continue functioning despite existing sanctions. The previous license was due to expire, and this extension provides a continuation of current operations. Details regarding the specifics of the license and any conditions attached were not immediately available. The move impacts NIS’s ability to engage in transactions that would otherwise be prohibited under U.S. sanctions regulations. This extension is significant for Serbia’s energy sector, as NIS is a major player in the country’s oil and gas industry. The decision reflects ongoing U.S. policy considerations regarding energy security and regional stability.