Sanctions backfire: Europe pays more for banned Russian oil, resold by India - as EU wages fall
April 30, 2023
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19:45Now PlayingSanctions backfire: Europe pays more for banned Russian oil, resold by India - as EU wages fall
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as posted by the channelThe EU sanctioned Russia and boycotted its oil, yet is still buying it indirectly from India, at a higher price. This is fueling both de-dollarization and inflation in the Eurozone, where workers' real wages dropped 6.5% from 2020 to 2022.
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