ONGC Videsh seeks legal advice as US sanctions hit Russian oilfield with Indian stake: Report
State-run ONGC Videsh Ltd (OVL) has sought legal opinion after the United States imposed sanctions on a Russian oilfield in which Indian companies collectively hold a 49.9 per cent stake, sources told PTI.
US President Donald Trump on October 22 announced fresh sanctions against two of Russia’s largest oil majors — Rosneft and Lukoil — as part of Washington’s push to pressure Moscow to end its war with Ukraine.
