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Russian energy policies revisited: assessing the impact of the crisis in Ukraine on Russian energy policies and specifying the implications for German and EU energy policies
[working paper]
Corporate Editor
Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract The analysis of Russian energy policies after the political crisis in and around Ukraine offers important insights with respect to the economic and geopolitical repercussions. The structural changes made in the Russian energy sector have been significant and include both internal and external dimens... view more
The analysis of Russian energy policies after the political crisis in and around Ukraine offers important insights with respect to the economic and geopolitical repercussions. The structural changes made in the Russian energy sector have been significant and include both internal and external dimensions. The Russian energy sector is under stress and has to adapt to low oil and gas prices, economic sanctions and increasing competition on international energy markets. Against the background of this turbulence on the energy markets, Russian energy companies are pursuing various strategies: a shift to Asia and asset swaps with Chinese and Indian companies, stronger integration within the Eurasian Union and changing strategies on the European energy markets. The structural changes have been reinforced by recent geopolitical developments, which have led to the deterioration of EU-Russia energy relations and the securitisation of energy questions. However, despite immediate intentions to diversify away from one another, the EU and Russia will remain dependent on each other in the gas and oil sectors at least for the next 10 years. The current study provides insights into current changes in the Russian gas, oil and electricity sectors, highlights potential implications for the European energy market, considers the current status of EU-Russia energy relations and presents some recommendations for further bilateral cooperation and energy dialogue." (author's abstract)... view less
Keywords
Russia; energy policy; Federal Republic of Germany; EU; international economic relations; bilateral relations; economic cooperation; energy industry; natural gas; crude oil; basic industry; electricity; energy supply; political crisis; Ukraine; impact; geopolitics; state capitalism
Classification
Special areas of Departmental Policy
Economic Sectors
International Relations, International Politics, Foreign Affairs, Development Policy
Document language
English
Publication Year
2015
City
Berlin
Page/Pages
54 p.
Series
SWP Research Paper, 8/2015
ISSN
1863-1053
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications