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

Authors

  • 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

DOI:

https://doi.org/10.32479/ijeep.13493

Keywords:

Ukraine, Russia, War, Economic implications, Fuel market

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.

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Published

2022-11-28

How to Cite

Kalogiannidis, S., Chatzitheodoridis, F. ., Kalfas, D. ., Kontsas, S., & Toska , E. . (2022). The Economic Impact of Russia’s Ukraine Conflict on the EU Fuel Markets. International Journal of Energy Economics and Policy, 12(6), 37–49. https://doi.org/10.32479/ijeep.13493

Issue

Vol. 12 No. 6 (2022)

Section

Articles

License

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