Indian firms' dividends from Russian oil projects stuck

Dividends of as much as $400 million to four Indian companies for their stakes in Russian oil assets are stuck due to problems in payments triggered by Western sanctions over Moscow's invasion of Ukraine, a government source said. The affected companies are ONGC Videsh Ltd, Oil India, Bharat Petroleum Corp, and Indian Oil Corp, the source said.

from Energy-Industry-Economic Times https://ift.tt/N8uLEyw