OFAK

Serbia faces critical discussions over NIS sanctions

Dušan Bajatović, General Director of Srbijagas, shared that negotiations between the Serbian Oil Industry (NIS) and the US Office for Asset Management Abroad (OFAK) are ongoing, with a decision expected soon. The talks, which began the previous day, will determine how NIS can continue operations, particularly in light of potential sanctions. Bajatović emphasized that OFAK has significant discretionary powers in handling the situation, and NIS, supported by the Serbian and Hungarian governments, has reached out to the regulatory body to…