 Energy embargoKsenia Kirkham Chapter 24 in Elgar Encyclopedia of International Sanctions, 2025, pp 84-86 from Edward Elgar Publishing Abstract: An energy embargo is a complete or partial ban on the trade of energy resources, such as hydrocarbons, by one party against a rival party that belongs to a jurisdiction of a rival state. It could be applied against energy exporters to undermine revenues from sales, as well as against energy importers to limit their access to vital energy resources. In the 2000s, following the shale gas revolution and the expansion of energy warfare beyond trade, the character of sanctions became more extraterritorial, especially when it came to targeting energy transport infrastructure, such as pipelines. Sanctions on hydrocarbons have become a strategic tool in the arsenal of economic and military warfare, spurring the ‘New Great Game’ that rotated 180°, from competition among consumers over upstream assets and transportation routes towards rivalry between producers over sales markets. Ultimately, the most vivid paradox of sanctions has been its detrimental effect on environmental sustainability policies, as energy embargoes affect the sustainable development of not only target states but also of sender states and third parties. Keywords: Energy sanctions; Hydrocarbons; Neo-protectionism; Sustainable development (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:23591_25 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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