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Energy Resources and Markets – Perspectives on the Russia–Ukraine War

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  • Johannesson, Jokull
  • Clowes, David

Abstract

This article explains the causes of the Russia–Ukraine war starting in 2014 from the energy and energy markets perspective, based on resource dependency theory and the conceptual framework outlined by Jeffrey D. Colgan (2013). Our findings reveal that Russia is critically dependent on revenue from gas exports to Ukraine and the European Union, but also that Ukraine’s energy deposits and pipeline system have the potential to be a direct competitive threat to Russia’s energy exports. This paper argues that this was the underlying reason and main causal pathway leading to Russia’s annexation of Crimea and the subsequent war in eastern Ukraine.

Suggested Citation

  • Johannesson, Jokull & Clowes, David, 2022. "Energy Resources and Markets – Perspectives on the Russia–Ukraine War," European Review, Cambridge University Press, vol. 30(1), pages 4-23, February.
    • Handle: RePEc:cup:eurrev:v:30:y:2022:i:1:p:4-23_3
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    Cited by:

    1. Xin, Baogui & Zhang, Mengwei, 2023. "Evolutionary game on international energy trade under the Russia-Ukraine conflict," Energy Economics, Elsevier, vol. 125(C).
    2. Luis Armando Becerra-Pérez & Luis E. Rincón & John A. Posada-Duque, 2023. "Anhydrous Ethanol Pricing in Economies with an Underdeveloped Biofuels Market: The Case of Mexico," Sustainability, MDPI, vol. 15(9), pages 1-21, April.
    3. Wang, Shanyong & Wang, Jing & Wang, Wenfu, 2023. "Do geopolitical risks facilitate the global energy transition? Evidence from 39 countries in the world," Resources Policy, Elsevier, vol. 85(PB).

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