The Study on Energy Cooperation and Conflict between Russia and the EU

Abstract

Energy policies are planned in consideration of a number of factors that meet various social needs. Typical constituent factors are energy security, environmental sustainability, and energy equity. Energy cooperation between Russia and the EU is also a key issue. The Corona pandemic and the Russia-Ukraine war are having a huge impact on both Russia and the EU. War, not only Russia, but also the EU thinks that the balance of peace can be upset rather than maintaining the geopolitical balance. However, energy is required for industrial development and maintenance, and a significant part of the required energy is dependent on Russia. To avoid these risks, the EU is actively pursuing the establishment of a decarbonized energy system and the energy transition. Russia is also responding by diversifying its exports. Importantly, both Russia and the EU are at an inflection point for energy policy changes. Therefore, it can be said that a clear analysis of the changes in energy policies in Russia and the EU is necessary because the policy changes of both camps have a great impact on the global economy.