Russia sanctions likely to fuel EU inflation

Looks like the Russian Sanctions might be causing to have a negative effect to add fuel to the EU inflation.
If Russia were prepared for the Sanctions this could backfire.

Kiel Institute for the World Economy says on DW says that Inflation in Europe will likely rise after EU pushed sanctions on Russia. The issue with the inflation in EU how long will it continue?
Russia sanctions likely to fuel EU inflation

a reply to: vNex92

They promised us 2€/L fuel prices at the beginning of January 2022, that did not happen, we're at 1,80€/L.

So one way or another the promise will be true very soon. It's starting to get depressing, because by now the WEF crap is obvious. You know what? Fuel could cost 1€ /L if not for the state having like 50%+ taxes on fuel.

And these are the same ones that tell us to pull the belt a bit tighter on our pants, because evil oil oligarchs. This is how fuel prices come together for Europe/Germany.

Taxes 93,2cent(54%)
Product cost 71,8cent (42%)
Transportation cost 7cent (4%)

So for a liter of 98 octane fuel costing 1,72€/L, about 1€ goes to the state in taxes, 7 cent is on top for covering transportation costs average... without the greedy state taxing fuel a couple of times, we would pay 1€/L maximum.

The real thief is the state here, but you won't hear them talking about it.

a reply to: ThatDamnDuckAgain

There are many Germany politicians that didn't want to push the sanctions because they worried about the inflation and rising costs which would make it worse for Germany if not for all economically.

Somebody applied pressure onto German/EU to push the sanctions.

a reply to: vNex92
Hm who could that have been... Maybe our inofficial overlords? I would put a smirk emoji here if it wasn't that sad and stern.

Yes, German politicians mostly were keeping it cool with sanctions, especially about the Nordstream 2. What wasn't really sanctioned, I called the bluff out weeks ago, before the German politicians "caved in", in an argument with AM in some thread.

The certification process is on halt anyways because of a legal technicality after a company name change. So it's just renaming incompetency into sanctions.

I repeat, the "sanction" around Nordstream2 is just renamed incompetency, sold as a strong move. That's what the US gov wants and both the US and Germany could safe face. Gas from the other pipes is happy flowing still.

It's just a "paper dragon".

a reply to: vNex92

Anyone think the Globalists are trying to force people to sell their homes or go homeless??

Everything is sky high right now already and most of it is going up further in cost!

The average earner can't keep up with the rising costs of living.

a reply to: vNex92

They don't need sanctions, just give Russia back East Germany.