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

EPISODE · Apr 30, 2023 · 19 MIN

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

from Geopolitical Economy Report · host Ben Norton

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

What this episode covers

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

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

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This episode is 19 minutes long.

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This episode was published on April 30, 2023.

What is this episode about?

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:...

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