Oil India's $300 mn dividend gets stuck in Russia amid sanctions
Oil India's $300 million dividend from its stakes in two Russian oil fields has been stuck in Russian banks after US sanctioned the fields, Chairman Ranjit Rath said. The sanctions have made fund transfers difficult, he added. Oil India, along with IndianOil and Bharat PetroResources, holds a 23.9% participating interest in JSC Vankorneft and a 29.9% stake in Taas-Yuryakh Neftegazodobycha.