Why Indian Oil companies can’t exit Moscow despite $1.4B exposure

Indian oil firms have a big problem in Moscow. About $1.4 billion in dividends and payments are stuck in Russian accounts. This money comes from stakes and operations Indian companies hold in Russian oil projects. On paper, leaving looks simple. In reality, many forces keep Indian Oil and other firms tied to Moscow. We will explain why exit is hard. We will also show what it means for India’s energy security and business risk.