Work

The Impact of Anti-Russian Sanctions on the Russian Fuel and Energy Complex and the European Energy Market

Year: 2025

Type: article

Abstract: The analytical review analyzes the impact of anti-Russian sanctions on the fuel and energy complex of Russia and provides the main indicators of the industry – energy exports in the pre-sanctions and sanctions periods – 2021, 2022, and 2023. The data is taken from official statistical agencies, as well as authoritative sources of the periodical press with reference to relevant ministries, analytical agencies, and officials. An attempt is made to answer the question of why the anti-Russian sanctions did not have the effect on the economy of Russia expected by the initiators of the sanctions. The conclusion discusses the consequences of the impact of anti-Russian sanctions on the fuel and energy sector in Russia and the European energy market.

Source: Вестник Волгоградского государственного университета. Серия 3: Экономика. Экология

DOI: 10.15688/ek.jvolsu.2024.4.1

Authors: Valery Makarov, Maria Mizintseva, Alina Ageeva

Institution: Central Economics and Mathematics Institute

Language: English

Topic: Economic Sanctions and International Relations

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Affordable and clean energy

Open Access status: hybrid

Funder: Ministry of Science and Higher Education of the Russian Federation