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The Economic Impact of Russia s Ukraine Conflict on the EU Fuel Markets

Author

Listed:
  • Stavros Kalogiannidis

    (Department of Business Administration, University of Western Macedonia, 51100 Grevena, Greece; ORCiD: https://orcid.org/0000-0002-2337-5775; aff00056@uowm.gr)

  • Fotios Chatzitheodoridis

    (University of Western Macedonia, Greece, Kozani, Department of Regional and Cross Border Development)

  • Dimitrios Kalfas

    (University of Western Macedonia, Greece)

  • Stamatis Kontsas

    (Assistant Professor Department of Business Administration University of Western Macedonia, Greece)

  • Ermelinda Toska

    (PhD Candidate, Department of Regional and Cross Border Development, Faculty of Economic Sciences, University of Western Macedonia, Koila, 50100 Kozani, Greece)

Abstract

The recent Russian invasion of Ukraine has had significant effects on the global economy. The purpose of study is to display how Russia's aggression and the international sanctions imposed have affected the European economy, especially the petrol and gas market. Albeit the goal of sanctions was to press and hurt Russia, seems to harm in equal to the European economies mainly through immediate effects on the supply of energy. If the war in Ukraine lasts, estimated that the energy prices will stay high, and the European governments will feel uncertain about the available quantity and adequacy of energy resources.

Suggested Citation

  • Stavros Kalogiannidis & Fotios Chatzitheodoridis & Dimitrios Kalfas & Stamatis Kontsas & Ermelinda Toska, 2022. "The Economic Impact of Russia s Ukraine Conflict on the EU Fuel Markets," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 37-49, November.
    • Handle: RePEc:eco:journ2:2022-06-6
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    References listed on IDEAS

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    Cited by:

    1. Stavros Kalogiannidis & Dimitrios Kalfas & Efstratios Loizou & Olympia Papaevangelou & Fotios Chatzitheodoridis, 2023. "Smart Sustainable Marketing and Emerging Technologies: Evidence from the Greek Business Market," Sustainability, MDPI, vol. 16(1), pages 1-21, December.

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    More about this item

    Keywords

    Ukraine; Russia; War; Economic implications; Fuel market;
    All these keywords.

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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