DIMON WARNS AGAINST PUNISHING INDIA OVER RUSSIAN OIL

JPMorgan CEO Jamie Dimon says the U.S. should avoid punishing India and global oil markets while pressuring Russia over Ukraine.

Dimon warned that Indian refiners cannot easily replace Russian crude, as facilities are designed for specific oil grades and alternative supplies are limited.

India has relied on Russia for more than half of its crude imports in some recent months.
(@WalterBloomberg)