13 Apr 2026

07:05

  • Bitumen 60/70

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    -

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    398$

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    London - Bulk

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Home Blog Oil India Unable to Draw Dividends from Russian Fields Due to U.S. Sanctions 

Oil India Unable to Draw Dividends from Russian Fields Due to U.S. Sanctions 

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Update date: 2025/10/28

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…

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