By Maya Lester KC & Michael O’Kane

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By Maya Lester KC & Michael O’Kane

Serbian Oil Industry secures additional 30-day waiver from US sanctions

29 July 2025

Serbian Oil Industry secures additional 30-day waiver from US sanctionsBillion Photos/Shutterstock.com

Serbia’s Minister of Mining and Energy has announced that the Serbian Oil Industry (NIS), a Russian-owned energy company which operates Serbia’s only oil refinery, has received an additional 30-day waiver from US sanctions. OFAC...

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Regimes / Regions

Sanctioning States

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  • Licensing
Michael O'Kane
By Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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