US Extends Sanctions Waiver for Serbia’s Russian-Owned NIS Oil Firm Until April 17

The US Treasury Department has prolonged the sanctions waiver for Serbia's Russian-controlled NIS oil company until April 17, permitting continued crude oil imports. This extension comes amidst heightened US-Israeli actions targeting Iran, reflecting geopolitical sensitivities. Moving forward, the waiver duration and regional tensions will influence Serbia's oil supply security and its relations with Western powers.