By Nidhi Verma
NEW DELHI, April 29 (Reuters) - Dividends of as much as
$400 million to four Indian companies for their stakes in
Russian oil assets are stuck due to problems in payments
triggered by Western sanctions over Moscow's invasion of
Ukraine, a government source said on Saturday.
As a result of the sanctions, banking channels have not been
available to repatriate the $300 million to $400 million in
dividend payments since last year as Russia is out of the SWIFT
global payment system, the source told reporters.
The affected companies are ONGC Videsh Ltd , Oil
India , Bharat Petroleum Corp , and Indian Oil
Corp , the source said.
(Reporting by Nidhi Verma in New Delhi; Writing by Sarita
Chaganti Singh; Editing by William Mallard)
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