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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