A Russian Gas Supply Boycott Against Western Countries

Paul Welfens

Chapter Chapter 6 in Russia's Invasion of Ukraine, 2022, pp 99-113 from Springer

Abstract: Abstract In principle, a gas supply boycott against Western countries by Russia is not very different from an EU gas import embargo from an economic point of view. However, the motivational situation for natural gas is fundamentally more positive in the case of Russian supplies to Western countries than, for example, in the case of oil from Russia, which from Russia’s point of view could be more easily diverted to other markets—for example, in Asia. Gas supply restrictions on the part of Russia can be specifically directed against individual EU countries; this means that gas supply stops are a political weapon in the economic war with the West from a Russian point of view. However, by restricting gas supplies to the West, Russia loses political credibility, since gas supplies were reliably exported by Russia even during the Cold War. In addition, a reduction in natural gas exports reduces Russia’s government revenues.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-031-19138-1_6

Ordering information: This item can be ordered from
http://www.springer.com/9783031191381

DOI: 10.1007/978-3-031-19138-1_6

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().