The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has extended the operating license for the Serbian Oil Industry (NIS). This decision allows the Serbian company to continue operations, though details regarding the specifics of the license and any conditions attached were not immediately released. State-run RTS reported the extension on Tuesday, marking a continuation of existing permissions. The license likely relates to sanctions regulations impacting dealings with entities connected to Russia, given NIS’s prior ownership structure. This extension provides a degree of stability for Serbia’s energy sector. Further details are expected to emerge as OFAC publishes official documentation. The move suggests a continued, albeit managed, allowance for NIS to function within the current geopolitical framework.