Russia'S Energy Security In The Gas Sector Under The New Reality Of Economic Sanction

The article is dedicated to topical aspects of the implementation of Russia's energy security policy in the context of an unprecedented increase in sanctions pressure from predominantly Western countries with regard to the state's gas complex. A possible embargo on natural gas supplies by the European Union states is considered to be a serious risk for the modern energy sector of the Russian economy. In the context of assessing the possibilities of responding to such a threat, it is suggested that maximum rapid response measures should be taken to diversify Russia's natural gas supplies to alternative markets. An attempt to cut off Russian energy supplies by tightening financial restrictions, including energy operations and imposing secondary sanctions, actively discussed by the Western establishment, is analysed. It concludes that future natural gas liquefaction projects will open up new opportunities for Russian natural gas exports and that the list of importing countries could be significantly expanded, including growing imports from partner countries. The conclusion focuses on the expansion of Russian natural gas exports mainly to Asian countries through the development of gas hubs in the East Siberian region. The positive side of the current situation is the high level of Russia's preparedness for a new round of sanctions confrontation with the West and the presence of a certain time lag for taking response measures, provided by the inability of the European Union to immediately refuse Russian natural gas supplies.