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Oil India Unable to Draw Dividends from Russian Fields Due to U.S. Sanctions
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Why This Matters
Oil India is facing difficulties in withdrawing $300 million in dividends from Russian oilfields due to US sanctions, and is exploring legal options to resolve the issue.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Article Context
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Oil India Limited (OIL), the state-owned oil and gas explorer, has $300 million in dividends from its stakes in Russian oilfields stuck at Russian banks and unable to withdraw, due to last week’s U.S. sanctions that hit the Rosneft-operated fields. The U.S. sanctions on JSC Vankorneft and Taas-Yuryakh Neftegazodobycha LLC (LLC TYNGD), in each of which Rosneft holds just over 50%, have complicated fund transfers, Oil India’s chairman Ranjit Rath told Reuters on Tuesday. OIL is seeking legal options to free up the dividends, Rath…
Original article published by
OilPrice.com
on October 28, 2025.
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