The West is about to make a major error in its economic war against Putin [Video]

There are few monikers more irritating than that of the “Global South” – the fashionable term for countries making up the developing and low-income world. Nations of such disparate and often conflicting geopolitical and economic interest cannot be so easily pigeonholed.

Yet there is one thing many members do tend to have in common, which is a generally anti-Western mindset. This assumes particular meaning when it comes to Russian sanctions.

That these have self-evidently failed is largely because major parts of the “Global South” have refused to be bound by them, thereby providing ample export markets for Russian oil – which after being refined is frequently re-exported to Western markets – and abundant alternatives to the West in meeting Russian demand for manufactured goods.

Russia grew more …