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The US Treasury allowed the Hungarian MOL to carry out actions to prepare for a possible purchase of the Russian shares in the Serbian oil company NIS, Forbes writes. However, the authorization does not apply to the transfer of Russian property or company control. Completion of the transaction will require separate approval from OFAC.

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The US Treasury allowed the Hungarian MOL to carry out actions to prepare for a possible purchase of the Russian shares in the Serbian oil company NIS, Forbes writes. However, the authorization does not apply to the transfer of Russian property or company control. Completion of the transaction will require separate approval from OFAC.

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