The European Union heavily sanctioned Russia and pledged to boycott its oil, yet continues to buy it, and at an even higher price, albeit indirectly. | India is importing record levels of discounted Russian crude, purchasing it in currencies other than the dollar. India then refines the Russian oil and exports fuel to Europe at a profit. | Meanwhile, increasing energy costs in Europe have stoked inflation, causing workers' wages to significantly decline. | The real wages of workers in the Eurozone fell by 6.5% between 2020 and 2022. | As of April, Bloomberg reported, European imports of refined fuel from India ar…<\/span><\/p>\nAntonio C.S. Rosa<\/span> (2023-05-01)<\/span>. Media Briefing: U.S. Liquefied Gas Flooding Europe.<\/a><\/span> transcend.org<\/a><\/span> 27 Apr 2023 – The oil and gas industry has moved quickly to take advantage of the US terror attack on the Russian Nordstream 2 pipeline. In 2022, shipments of liquefied natural gas from the US were redirected to Europe to replace Nordstream 2 and secure supplies for the European winter. The industry has also secured financing and begun construction on numerous LNG terminals on both sides of the Atlantic designed to operate permanently.<\/span><\/p>\n