<i>European businesses and third countries are actively circumventing sanctions, providing Russia with sanctioned goods</i><p>And the same thing is happening in reverse as well. Instead of getting cheap Russian gas and oil directly, the EU now has to buy gas and oil through third countries at multiples of the prices that they were buying them before.<p>That's called 'shooting yourselves in the foot' (if perhaps not 'shooting yourselves in the head') and will lead to a lot of EU de-industrialisation. Germany is already in recession.