Due to strict Western sanctions following Moscow's invasion of Ukraine, up to USD 300 million in dividend income from Indian oil companies is trapped in Russia. Indian state-owned oil companies have spent USD 5.46 billion to purchase shares in four distinct Russian assets. These include a 49.9% share in the oil and gas field owned by Vankorneft and a further 30% stake in the TAAS-Yuryakh oilfield.
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