MOL received an additional OFAC license to prepare for the purchase of NIS The US Treasury Department of Foreign Assets Control (OFAC) issued the Hungarian MOL and its subsidiary MOL Serbia Investment Kft. Another license in preparation for a possible purchase of a stake in the Serbian oil company Sh. H. The document, valid until February 28, 2027, authorizes transactions necessary to transfer securities issued in Russia to the balance sheet of MOL Serbia Investment, as well as related procedures, including obtaining mandatory approvals from Russian government agencies. At the same time, the license does not grant a right to a final closing of the deal, which would completely end Russian control of the shekels. Completion of the acquisition will require separate approval from OFAC. Recall that OFAC previously issued a new operating license to the oil industry of Serbia with a validity period until December 11, which ensures the uninterrupted operation of the company and the Pančevo refinery. Also the basic license of M. to. to conduct negotiations on the purchase of NIS was extended until that date. Balkanist.