Overview of the Russian Coal Market in the Context of Geopolitical and Economic Turbulence: The European Embargo and New Markets

Galina Panaedova (), Alex Borodin (), Cemal Zehir, Sergey Laptev and Andrey Kulikov
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Galina Panaedova: Department of Economics and Foreign Economic Activity, North-Caucasus Federal University, 355029 Stavropol, Russia
Alex Borodin: Department of Finance Sustainablee, Plekhanov Russian University of Economics, 117997 Moscow, Russia
Cemal Zehir: Department of Business Administration, Yildiz Technical University, Istanbul 34220, Turkey
Sergey Laptev: Department of Corporate Finance and Corporate Governance, Financial University under the Government of the Russian Federation, 105064 Moscow, Russia
Andrey Kulikov: Department of Organization of Medical Provision and Pharmacoeconomics, I.M. Sechenov First Moscow State Medical University (Sechenov University), 119991 Moscow, Russia

Energies, 2023, vol. 16, issue 19, 1-29

Abstract: The energy crisis caused by global structural changes in the political and economic sphere is the reason for the change in Russia’s energy strategy based on the concept of sustainable development. The presented study is intended to test the hypothesis about the stimulating effect of economic sanctions on the traditional energy sector and is intended to examine the assumption about the implementation in Russia of the concept of the diversification of energy resources in terms of the use of coal fuel using a systematic approach. The object of empirical research is the Russian Federation in comparison with the leading countries in reserves, exports, and imports of coal raw materials in the period 2010–2021. The tools of scientific research used are based on methods of comparative, economic and statistical analysis, and technologies of consensus expert assessments. The integrated methodological approach applied in the study allows us to present the relationship between energy policy and the government’s strategy in achieving the goals of sustainable energy production and the transition to transformational models of using traditional energy sources. This article identifies new opportunities for academic research and discussion of the potential of demand management, the dynamics of consumption and production of traditional energy resources based on the use of avant-garde technologies, and the design of scenarios for the implementation of the energy transition, taking into account various options for economic development and geopolitical changes.

Keywords: engineering; global; Russian coal market; reserves; production; consumption; export of coal raw materials; pricing factors; embargo; new sales markets; transformation of logistics chains; price trends; development prospects (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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