State-run Oil India is exploring legal as well as diplomatic channels to repatriate its dividends worth $150 million from Russia, said its chairman Ranjit Rath.
Oil India, Indian Oil Corporation, BPCL and ONGC have participating interests in multiple oil and gas projects in Russia from which they earn dividends periodically. Companies have been receiving dividends but have been unable to transfer them out of Russia since February 2022 due to the banking restrictions in the wake of the Ukraine war and the Western sanctions on Moscow.
