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By Maya Lester KC & Michael O’Kane

US suspends sanctions for the Serbian Oil Industry

27 February 2025

US suspends sanctions for the Serbian Oil IndustryTupungato/Shutterstock.com

In a post to Instagram, Serbian President Aleksandar Vučić has announced that OFAC has granted the Serbian Oil Industry (NIS) a licence suspending sanctions for 30 days. NIS applied for a licence in February...

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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...

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