India’s state-owned oil and gas explorer ONGC Videsh Ltd. is grappling with a significant financial challenge as approximately USD 350 million (Rs. 2,900 crore) of its dividend income remains stranded in Russia. The funds, originating from its investments in the Sakhalin-1 oil and gas project, have been trapped due to global sanctions, regulatory hurdles, and payment restrictions linked to the ongoing conflict in Ukraine.