Sanctions backfire: Europe pays more for banned Russian oil, resold by India - as EU wages fall
The EU sanctioned Russia and boycotted its oil, y…
Geopolitical Economy Report · Ben Norton
April 30, 202319m 44s
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Show Notes
The 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.
VIDEO: https://youtube.com/watch?v=Yuy6UvRbjNU
Sources and more information here: https://geopoliticaleconomy.com/2023/04/30/europe-russia-oil-india-wages