Jamie Dimon Exclusive | JPMorgan CEO Says US Must Not 'Punish India' Over Russian Oil | N18V

Jimmy, so company-to-company relations, of course, I mean, are very, very strong and a lot is happening. What about government-to-government relations? I mean, that, I think, has been, has gone a little sour. We sat right here last year in September, and I think you said India and America should be best friends. I mean, India can stay non-aligned, but we, I mean, both should try to be each other's best friends. That's not exactly panned out that way, isn't it? It's unclear. Like, I know, and I know what you're talking about. So, I think you could be non-aligned. That may be hard and hard in the world, by the way, but, you know, where you are and who your neighbors are, I think, you know, it's reasonable. I think we should reach out our hand, you know, be friends. I think we're your natural partner in the world's biggest democracy, the world's oldest democracy. You know, we have a lot, a lot of business that we do together. I think we're probably your largest foreign director investor, and probably, probably, we're probably the largest destination for your companies overseas. And yeah, we started the trade, and that, you know, if I remember correctly, like a year ago, there was a trade agreement, but there are a lot of issues that stopped it from ever being finished. And I would like to see it finished. You know, like, I think it's important to have stability, things like that. It is even more complex than today. So, you know, but if I was urging both governments, sit down and try to finish it. But do you feel we've moved forward? We've moved back? What's your assessment? It's obviously, it hasn't moved forward, right? So, it's sitting there. And, you know, we have so many issues taking place. I hope it's not put in the back burner, because I think it's important for India. I think it's important for us. You know, a lot of us do business around the world. You know, consistency of rule, consistency of law, consistency of how capital is treated, all important. So, you know, one of the things, and I'll just move on to the other stuff. What is this? And also, it's also made much more complex by the Ukraine war. Absolutely. And I understand that. And you spoke passionately last time that we sat down about it, and, you know, your perspective there. But the sanctions bill, for example, which is sort of the Russia sanctions bill. The new one. Yeah, the new one. I mean, I don't know if you have any thoughts. Yeah, I think, first of all, that is authorities given to the president. He's allowed to use, but may or may not. I think the president probably doesn't want to disrupt oil markets and other markets. So, I understand the concern in America about people buying Russian oil. I think in this case, we'd be quite respectful of the fact that, you know, some of that oil is refined and imported. If they don't buy it here, they have to buy it elsewhere. It might not be the right kind of oil for those refineries. And so, I think hopefully America will sit down and understand all those issues and will not end up punishing India and the world oil markets while doing what we need to do to combat Russia. I think we should be doing more to help Ukraine. And there are multiple ways to do that, by the way. This might be one small way. But I'm not sure I think we should be putting any kind of tariffs on your oil. We should have a conversation with you about what you do and how you do it.