https://www.taxtmi.com/news?id=59791 Sanctions exposure arises from US designation of subsidiaries whose majority ownership by blocked persons can cause entities they control to be treated as blocked; Indian minority investors in the designated oilfield face risk if ownership attribution rules or aggregate stake calculations bring their interests within the designation. Indian firms are non-operators, receive dividends rather than equity oil, have been unable to repatriate dividends, and have sought legal advice to ensure transactions do not violate prohibitions on US persons or US-dollar usage absent OFAC authorization or exemption. en-us Sun, 26 Oct 2025 11:01:03 +0530 Sun, 26 Oct 2025 11:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=59791 Sanctions exposure arises from US designation of subsidiaries whose majority ownership by blocked persons can cause entities they control to be treated as blocked; Indian minority investors in the designated oilfield face risk if ownership attribution rules or aggregate stake calculations bring their interests within the designation. Indian firms are non-operators, receive dividends rather than equity oil, have been unable to repatriate dividends, and have sought legal advice to ensure transactions do not violate prohibitions on US persons or US-dollar usage absent OFAC authorization or exemption. News - Sun, 26 Oct 2025 11:01:03 +0530 https://www.taxtmi.com/news?id=59791