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Dimon warns against punishing India over Russian oil purchases

JPMorgan CEO says US pressure on Russia shouldn't disrupt global markets or penalize refiners switching crude supplies.

newest coverage 1d agosummary written 1d ago3 pieces37 likes & upvotes19 comments NewswiresMastodonX

What to know

  • Dimon argues that sanctioning India's Russian oil purchases would harm global markets and refiners without effectively pressuring Russia.
  • The statement reflects tension between geopolitical pressure on Russia and practical constraints facing the energy industry.
  • No policy action or response from US officials is yet reported.

Jamie DimonJamie Dimon JPMorgan Chase CEO

Dimon warns against punishing India over Russian oil purchases
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    Dimon says US shouldn't punish India over Russian oil

    JPMorgan Chase CEO Jamie Dimon stated in a CNBC TV18 interview that India and global oil markets shouldn't be penalized as the US pressures Russia to end its war in Ukraine, citing the challenges refiners face in switching crude supplies.

    “India and global oil markets shouldn't be punished as the US seeks to pressure Russia to end its war in Ukraine…”
    — Jamie Dimon

    1. 1 outlet first by Bloomberg Markets, 1d ago · read ↗

    • JPMorgan CEO Jamie Dimon says the U.S. should avoid punishing India or disrupting global oil markets while increasing pressure on Russia over the war in Ukraine.

      @unusual_whalesX1d ago37▲view on X ↗