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27Sep 2024
Indian Oil PSUs Struggle for Russian Dividends
Why in the news? The Indian oil companies face difficulties repatriating $900 million in dividends from Russian projects due to Western sanctions, creating challenges in global payment systems and investments. Issue of Stuck Dividends in Russia: Indian oil PSUs (ONGC Videsh, Oil India, IOC, and BPRL) are unable to repatriate $900 million in dividends from …
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