**Serbian Government Seeks Extension of Sanction Deadline**
The Serbian government has sent a letter to the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) requesting an extension of a special license that would delay the full application of sanctions against the Serbian Oil Industry (NIS).
According to the Ministry of Mining and Energy, the letter was sent in support of NIS’s request for a new special license from the US Department of the Treasury. This license would allow the company to operate without disruption beyond April 28th, when the current license expires.
**Why is this important?**
The Minister of Mining and Energy, Dubravka Djedovic Handanovic, explained that the extension is crucial for NIS’s ability to continue its core business activities while negotiations for a long-term solution are ongoing. She emphasized that the full application of sanctions would significantly impair the company’s ability to operate and provide energy to Serbian citizens.
**The importance of NIS**
NIS is a vital part of Serbia’s energy sector, economy, and public institutions. The Minister highlighted the importance of NIS for the country’s stability and security, stating that its inability to continue its current activities would seriously harm the economy and regional energy security.
**What’s next?**
The letter sent by the Serbian government will likely be reviewed by OFAC, which will then decide whether to grant an extension of the special license. This decision will have significant implications for NIS and the broader energy sector in Serbia.
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