There are basic materials for the modern economy that we cannot do without. First and foremost energy, oil, gas, conventional energy sources, which make up the lion's share of modern society, on which everything we value and need - the goods of civilization - are based.
The Russia sanctions have resulted in a new trade pattern that basically everyone is aware of, but which is being concealed in the media: Russia no longer exports directly to Europe but invoices via India, which is why all products that rely on Russian energy sources have become more expensive for Europeans and have put the European economy in a more negative competitive position.
There finally needs to be an open discussion about the sense and nonsense of this sanctions policy, which is nothing more than a systematic weakening of the European consumer and is leading Europe into a self-induced position of geopolitical weakness.
If breaking up Europe and making it less competitive were the goals then it is mission accomplished for the US (also think about the nord stream pipeline sabotage), with a lot of US gas now flowing to the EU. The flip-side is that they united Russia and the rest of the world against them and all are ditching the dollar to some extent which was unthinkable a few years ago when you'd get invaded if you dared doing so
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Sanctions may work against countries that are not rich in natural gas and resources. This was a bad move by the Europeans and Americans over the long run - and it will lead to higher costs for those living in these areas now.
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They knew perfectly well what they were doing, they want to impoverish Europe and the Europeans, that's it, I don't think they didn't know that the products/basic materials were going to arrive anyway but across other borders and at a higher price, what a bunch of buffons.
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The graphic says "shipments have remained steady" but it only shows %. Of course before it was 100% and after it is 100%, so 100 = 100, eh. It looks like that what before was bought by EU is now being purchased by China, Turkey and India. But 40% on the left side may not equal 40% on the right side.
Imagine before it was:
EU: 90 barrels China: 5 barrels Turkey: 5 barrels
and after:
EU: 5 barrels China: 5 barrels Turkey: 5 barrels
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Where did the usa go? They are just getting oil elsewhere?
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Net exporter. Drill baby drill.
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