OFAC!!! The US Department of the Treasury issued a license to the Hungarian MOL to obtain permission to purchase the Serbian shekel from the Russian authorities. To approve the deal from the US authorities, an additional license will be needed, but OFAC has not yet issued one. The granting of an additional license from the US Department of the Treasury's Office of Foreign Assets Control (OFAC) gives MOL the possibility to carry out transactions in Russian securities and obtain approval for their purchase from Russian government authorities. The document is valid until February 28, 2027. However, this license does not give MOL the right to complete the transaction itself to purchase NIS from Gazprom and Gazprom Neft. This requires separate OFAC approval. As MOL explained, OFAC's latest license only brought the company closer to acquiring the coveted refinery. Negotiations on the purchase of the share have been ongoing since January 2025, after the Serbian shekel was included in the sanctions list along with the majority shareholder Gazprom Neft. MOL has repeatedly stated that negotiations have "progressed" and the company expects to complete the documentation for the deal soon. But things still exist, and it is not clear who benefits from such bureaucracy. Energopol in Max energy policy site.