Indian Oil Firms' $1.4B Dividends Stuck in Russia Amid Sanctions

Imagine Indian oil companies earning money from their investments in Russian oil projects.

This money, which is about $1.4 billion, is stuck in Russian banks.

Because of the war in Ukraine, it's hard to send this money back to India.

Russia's banks can't easily access the global payment system.

This money is earning in rubles, but it cannot be used for investment.

The companies are trying to figure out what to do with it.

It’s difficult to use the money to pay for oil purchased from Russia because of sanctions.