Problems and Prospects for Russia’s Energy Exports under Sanctions

Artem Gennadievich Pylin
Additional contact information
Artem Gennadievich Pylin: Financial University under the Government of the Russian Federation, Moscow, Russia

Russian Foreign Economic Journal, 2024, issue 6, 96-116

Abstract: The paper examines the main trends in Russian energy exports over 2013-2023. The analysis of the country’s position in global energy markets has shown that Russia plays a leading role in ensuring global energy security as one of the largest suppliers of crude oil, natural gas and coal in the world. Western sanctions against Russia’s energy sector have affected not only on the dynamics and structure of its foreign trade in energy resources, but also caused serious changes in the world fuel and raw materials markets. It is revealed that the country’s gas exports experienced the greatest negative impact due to the loss of a significant share of the European market, while supplies of crude oil and coal were redirected to other countries. The main stages and directions of adaptation of the Russian energy sector to sanctions are explored, and suggestions on how to improve its sustainability in the new geo-economic conditions are presented.

Keywords: Russia; energy exports; crude oil; natural gas; coal; world prices; sanctions; diversification; fragmentation (search for similar items in EconPapers)
JEL-codes: F10 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2024_06_99-116.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2024_06_99-116

DOI: 10.24412/2072-8042-2024-6-99-116

Access Statistics for this article

More articles in Russian Foreign Economic Journal from Russian Foreign Trade Academy Ministry of economic development of the Russian Federation Contact information at EDIRC.
Bibliographic data for series maintained by Irina Katolik ().