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المشهد العربي
Demon: Sanctions on Russian oil difficult
JPMorgan Chase Chairman Jamie Dimon has rejected the idea of imposing sanctions on oil markets or India to pressure Moscow over the Ukraine war. He explained that companies face technical difficulties that prevent the easy replacement of Russian oil, especially since each refinery is designed to process a specific type of crude. He noted that reliance on Russian oil remains necessary, particularly as India, the world's third-largest oil importer, heavily depends on Russian oil to meet more than half of its needs, amidst the challenges posed by sanctions and geopolitical fluctuations.
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