In a controversial policy paper, Bachmann et al. (2022) argued back in March 2022 that the economic effects for Germany of a complete immediate stop of energy imports from Russia would be small, between 0.5% and 3% of GDP. Baqaee et al. (2022) even presented 0.3% GDP loss in the case of an...

As a result of the Russian attack on Ukraine, natural gas prices skyrocketed in 2022 and Germany in particular felt the impact of its strong dependency on Russia. Prices have since relaxed, the European natural gas industry has overcome the uncertainty due to the energy crisis in 2022, and the...

In response to international sanctions, Russia has restructured its hydrocarbon commerce through trade deflection, redirecting exports from sanctioning to non-sanctioning countries. The research aimed to analyze hydrocarbon trade deflection under the Russia-Ukraine conflict within the context of...

Oil and gas revenues have underpinned the Russian economy for decades. As a result, they are an obvious target for sanctions from countries wishing to punish Russia for the annexation of Crimea in 2014 and the invasion of Ukraine in 2022. However, the impact of hydrocarbons from Russia on the...

The era of energy interdependencies between Russia and the European Union (EU) is at an end. This paper advances a nuanced accounting of energy security based on energy sovereignty and energy solidarity. Energy solidarity requires a pooling of energy sovereignty based on values. A historical...