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Sanctions backfire: Europe pays more for banned Russian oil, resold by India - as EU wages fall (geopoliticaleconomy.com)

submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/[email protected]

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[–] exapsy 2 points 2 years ago (1 children)

I see nothing wrong. It works as it should….. like what is that logic. The whole thing is not to buy Russian Oil. If we want Russian oil we better either find alternative or we use Russian Oil at a premium. That’s how sanctions are literally supposed to work.

[–] [email protected] -5 points 2 years ago

Europe is still buying Russian oil, the only difference is that it's being bought through third parties. Russian economy is now growing and even IMF corrected Russian economy growth up now. Meanwhile, Europe is going into a recession with Germany becoming rapidly deindustrialized. That's how sanctions are supposed to work if the goal was to sanction Europe I suppose.