Tabakovic: Foot-dragging on NIS sale exhausting for Serbia, generating additional costs

BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said on Wednesday foot-dragging on a sale of a Russian-majority stake in the Serbian oil company NIS was exhausting for the country and generating additional costs, and noted that it was important that NIS continued normal operations after the expiry of its current licence, issued by the US Office of Foreign Assets Control (OFAC).

Since October 9, 2025, NIS has been under US sanctions due to its Russian-majority ownership.

An OFAC licence for talks on changes to the company's ownership structure has been extended until May 22, 2026.

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