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ONGC Videsh seeks banking route to recover $350 mn stuck in Russia
Millennium Post Kolkata
|Kolkata 30August2025
India's flagship overseas firm ONGC Videsh Ltd (OVL) is hopeful that the opening of banking channels with Russia and a sanctions waiver on Venezuelan oil will allow it to recover pending dues in both countries, a senior official said on Friday.
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NEW DELHI:
OVL, the overseas investment arm of state-owned Oil and Natural Gas Corporation, has about $350 million in dividend income stuck in Russian banks that it can't repatriate because of western embargo.
Diese Geschichte stammt aus der Kolkata 30August2025-Ausgabe von Millennium Post Kolkata.
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