Bulletin Updates
Russian banks' exclusion from SWIFT to hurt Indian oil companies – 1 Mar 2022
Mar 01, 2022
Sanctions and exclusion of Russian lenders from the SWIFT system, the most important international payment network, will hurt Indian state-run firms' ability to repatriate dividends from Russian oilfields and block possibilities of investments in the massive Vostok project, people familiar with the matter said. Rouble's sharp depreciation will also reduce dividends in dollar terms for Indian firms, they said.
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