Sanctions backfire: Europe pays more for banned Russian oil, resold by India as EU wages fall

The EU sanctioned Russia and boycotted its oil, yet is still buying it indirectly from India, at a higher price. This is fueling both dedollarization and inflation in the Eurozone, where workers real wages dropped 6. 5 from 2020 to 2022. Sources and more information here: , , Geopolitical Economy Report, , Please consider supporting us at Patreon: Podcast: Newsletter: