Oil India already received 80% of initial investment in Russia as part of dividend: Chairman

Ranjit Rath, Chairman, Oil India, says “after economic sanctions against Russia came in, about $150 million from Oil India point of view is lying in one of the State Bank of India’s branches in Moscow. It is a matter of time before we are able to negotiate and get the money repatriated. Multiple channels of discussion processes are being evaluated including the legal options alternatives, G2G engagements. So, it is absolutely not a concern.”