Saturday, April 29, 2023

Indian oil companies unable to repatriate $300-400 million in dividends from Russia

ONGC, Oil India, Indian Oil, and BPCL have participating interests in multiple oil and gas projects in Russia from which they earn dividends periodically. Since the beginning of the Ukraine war in February last year, which triggered Western sanctions on Russia, repatriating dividends has become difficult.

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

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