Title: Halt in Dividend Payments to Indian Companies from Russian Oil Projects

A government source reported today, Saturday, that dividend payments amounting to up to 400 million dollars for four Indian companies in exchange for their stakes in Russian oil assets have stopped due to payment issues stemming from Western sanctions imposed on Russia due to its invasion of Ukraine. The source indicated that due to these sanctions, there are no available banking channels for the dividends, which range between 300 million dollars and 400 million dollars, since last year, due to Russia's exclusion from the global payment system "SWIFT." He added that the affected companies are Indian energy firm ONGC Videsh, Oil India, Bharat Petroleum, and Indian Oil Corp.