Timonina V.I., Shakhovskaya L.S., Alpidovskaya M.L. NEW RULES OF THE GAME IN THE EUROPEAN MARKET UNDER SANCTIONS PRESSURE

DOI: https://doi.org/10.15688/ek.jvolsu.2022.2.19

Victoria I. Timonina

PhD Student, Department of Economic Theory, Financial University under the Government of the Russian Federation, Prosp. Leningradskiy, 49, 125993 Moscow, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0003-2344-6497

Larisa S. Shakhovskaya

Doctor of Sciences (Economics), Professor, Department of Economics and Entrepreneurship, Volgograd State Technical University, avenue im. Lenina, 28, 400005 Volgograd, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0002-3700-2435

Marina L. Alpidovskaya

Doctor of Sciences (Economics), Professor, Department of Economic Theory, Financial University under the Government of the Russian Federation, Prosp. Leningradsky, 49, 125993 Moscow, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0001-9075-9683

Abstract. The world’s energy markets remain uncertain, with no accurate, optimistic forecasts. The authors of the article noted that the energy crisis has a cumulative effect; its beginning has changed all the rules of energy cooperation in the market. This contributed to increased demand, prices and competition. The EU is a major market participant whose policies affect all energy connections. Russia is an energy core that offers its energy sources to balance the market. This is the economy, there is no talk of “political pressure”. As a result, the authors conclude that the project “Nord Stream-2” is not a political project, but a purely commercial one, which will help to reduce even spot prices in the European gas market, since all other countries, extractive gas cannot meet the growing energy needs of European countries.
Key words: energy market, EU, Russia, “rules of the game”, competition, spot market, demand and supply, price.
 
Лицензия Creative Commons

NEW RULES OF THE GAME IN THE EUROPEAN MARKET UNDER SANCTIONS PRESSURE by Timonina V.I., Shakhovskaya L.S., Alpidovskaya M.L. is licensed under a Creative Commons Attribution 4.0 International License.

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