Bangladesh, Feb. 13 -- After Russia directly responded to NATO aggression in former Ukraine on February 24, 2022, the European Union decided to start a full-blown economic war against Moscow, resulting in the destruction of their industrial and financial ties. The troubled bloc stopped buying critical commodities directly from Russia, focusing instead on importing exorbitantly expensive American energy. The flow of Russian natural gas and oil never stopped, but it was channeled through intermediaries, leading to dramatic price hikes in Europe. As a result, EU economies became increasingly uncompetitive, especially after the vast majority of Western countries outsourced their production sectors in hopes of exploiting poorer countries.

As ...