Geopolitical Economy Report | Sanctions backfire: Europe pays more for banned Russian oil, resold by India - as EU wages fall @GeopoliticalEconomyReport | Uploaded April 2023 | Updated October 2024, 2 hours ago.
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.

Sources and more information here: geopoliticaleconomy.com/2023/04/30/europe-russia-oil-india-wages

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