Świat i Europa w obliczu kryzysu energetycznego: konsekwencje wojny, sankcji i rosyjskiej broni energetycznej
The world and Europe in the face of an energy crisis: The consequences of war, sanctions, and the Russian use of energy as a weapon

Summary/Abstract: The article aims to analyze the strategic and economic implications that the Russian invasion of Ukraine has for energy security. First, the global perspective is analyzed – how the war and the subsequent sanctions imposed by the West on the Russian energy sector (including the embargo on export of Russian crude oil and petroleum products) affected the oil market. Both the issue of affordability and availability of crude oil on global oil markets are addressed, as well as the actions taken in this area by the IEA and OPEC+. In the second part, the European perspective is adopted. It is a study of the most critical energy crisis in Europe in the 21st century – both in economic (record high prices) and geostrategic terms (the use of the Russian energy weapon against EU countries and Russia’s destruction of the Ukrainian energy system) – and the responses generated by the EU. Therefore, the development of major new instruments and specific legislative solutions for the EU energy and gas market is analyzed and assessed.

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