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28 March 2014, The Mint

ONGC doesn’t see sanctions hitting Russia business

The newspaper Mint carried a quote by Neelam Deo, Director, Gateway House analysing the impact on India of sanctions imposed by the West on Russia following its annexation of Crimea

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Oil and Natural Gas Corp.Ltd (ONGC) is unperturbed by the sanctions imposed by the US and the European Union (EU) on Russia, a country in which India’s biggest oil and gas explorer owns stakes in significant hydrocarbon assets. The EU and the US have imposed sanctions on Russia and are threatening to expand their ambit after Russia absorbed the Ukranian region of Crimea following a referendum that approved the secession.