GEO-ECONOMICAL AND GEOPOLITICAL (GEOSTRATEGIC) IMPLICATION FROM THE WAR IN UKRAINE ON THE BLACK SEA AND SOUTHEAST EUROPEAN REGIONS

Blagoj Conev and Jana Ilieva
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Blagoj Conev: University of Skopje
Jana Ilieva: University of Skopje

UTMS Journal of Economics, 2024, vol. 15, issue 1, 22-26

Abstract: The war in Ukraine has significant geo-economical and geostrategic impacts on the Black Sea region. The ongoing conflict in Ukraine has not only caused unrest within the country but has also led to tensions between Russia and Western countries. This has had implications for the Black Sea however and for the Southeast European regions. Namely, Overall, the war in Ukraine has had wide-ranging effects on the geo-economical and geostrategic dynamics of the Black Sea region, impacting energy security, trade routes, military presence, and political alliances. In this paper the author will prove the hypothesis that: “The war in Ukraine have created four major issues for the Black Sea and Southeast Europe in the fields of energy, trade, military and politics” The hypothesis is proved by operationalization of the following major areas of analytics; The Black Sea region is critical for energy transportation, with pipelines that carry natural gas and oil to Europe passing through Ukraine. The conflict has raised concerns about the security and reliability of these energy routes. The Black Sea and Southeast Europe are an important trade route, with access to various countries in Europe, the Middle East, and Asia.

Keywords: War; Economics; Politics; Strategy; Stability (search for similar items in EconPapers)
JEL-codes: F51 F52 N44 Q34 R58 (search for similar items in EconPapers)
Date: 2024
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