Russian owners seek OFAC waiver for Serbia's NIS control transfer

Counterparties must track OFAC waiver outcome for NIS dealings

Oil & Gas Sanctions
Al Jazeera ·
Change
Russian owners requested an OFAC waiver extension while negotiating transfer of control of Serbia’s NIS.
Why it matters
NIS operations remain dependent on sanctions waiver approval and ownership restructuring outcome.
Implications
  • — Banks and counterparties must assess exposure to NIS transactions — unresolved waiver risks payment disruption

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Al Jazeera
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