NEW DELHI: Nearly USD 400 million dividend of four Indian companies are stuck with Russian oil companies because of the sanctions imposed by Western countries on Russia.
According to an official of the petroleum ministry, companies including ONGC Videsh Ltd, Oil India, Bharat Petroleum Corp, and Indian Oil Corp are not able to repatriate the USD 300 million to USD 400 million in dividend payments since last year as Russia is out of the SWIFT global payment system.
