India, Sept. 22 -- JPMorgan Chase & Co. Chairman and CEO Jamie Dimon on Tuesday said that the United States shouldn't punish India and global oil markets over Russian oil, even as it seeks to pressure Moscow to end the war in Ukraine.

Dimon is in India for JPMorgan's annual investment conference hosted by the firm in Mumbai. He is also scheduled to meet executives from India's top conglomerates during his trip.

In an interview with CNBC TV18 on Tuesday, Dimon spoke about the US's new Russia sanctions bill and said that India and the world oil markets should not be punished over Russian oil.

Dimon said he understood the concern in America about people buying Russian oil, but he added that he thinks President Donald Trump doesn't want to...