**Serbia‘s Oil Company Asks US to Delay Sanctions**
The Serbian Oil Industry (NIS) has asked the US government not to impose sanctions on it. The company wants a delay of at least 90 days.
**Why?**
NIS says it needs time to find a solution for its ownership structure and management. The US imposed sanctions on NIS in January because a Russian company owns more than 50% of it.
**Government Support**
The Serbian government, along with Hungary’s government, supports NIS’ request. They say the company is important for energy stability in the region.
**What Next?**
NIS wants to keep operating while it looks for a solution. The company hopes the US will grant it permission to do so.
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