The full implementation of sanctions against NIS has been postponed until 28.04.2025 by the special license from the U.S. Department of the Treasury

The U.S. Department of the Treasury has extended the duration of the special license, thereby postponing the full implementation of sanctions against NIS until April 28, 2025. This license allows the company to continue its business without interruption until April 28, 2025 or until the sanctions are lifted, whichever occurs first.

NIS thanks the Government of the Republic of Serbia and all other domestic and foreign institutions that supported the request sent to the U.S. Department of the Treasury. The company recalls that in March it also submitted a request for the removal of NIS from the SDN list (Specially Designated Nationals). NIS hereby emphasizes it respects the laws of the Republic of Serbia and other countries in which it operates, and through its business operations has not contributed to the imposition of sanctions that jeopardize the company’s operations and the social stability of more than 13,000 employees.

This new license allows NIS to carry out the following activities without interruption:

• Maintenance of operations, contracts and other agreements involving NIS or its operating subsidiaries,
• Execution of any transactions with NIS and its operating subsidiaries, which are aimed at the fulfillment of the contract,
• Disposal or transfer, or facilitation of the disposal or transfer of debt or equity issued or guaranteed by NIS or operating subsidiaries (Covered Debt or Equity) to non-US persons,
• Official activities of diplomatic and consular institutions outside of the Russian Federation including NIS or its affiliated companies.

In the upcoming period, NIS remains committed to maintaining stability in the domestic market, continuing the investment cycle, and preserving the social stability of its employees. Additionally, NIS is ready for consistent cooperation with the U.S. Department of the Treasury regarding the submitted request for the removal of the company from the SDN (Specially Designated Nationals) sanctions list. NIS shall inform the public in a timely manner about any new circumstances that may affect the company’s operations.