Dimon Urges US to Avoid Punishing India Over Russian Oil

Dimon Urges US to Avoid Punishing India Over Russian Oil

JPMorgan CEO Jamie Dimon has urged Washington to assess the impact on Indian refiners and global oil markets before imposing further tariffs over Russian oil purchases. Speaking in Mumbai, he said the US should understand how Indian refineries use Russian crude and "not end up punishing India and the world oil markets." Dimon added he is unsure sanctions are the right way to pressure Moscow.

Source: Moneycontrol

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