GEOECONOMIC AND ENERGY IMPORTANCE OF THE BLACK SEA REGION FOR EUROPE AND THE REPUBLIC OF SERBIA
GEOECONOMIC AND ENERGY IMPORTANCE OF THE BLACK SEA REGION FOR EUROPE AND THE REPUBLIC OF SERBIA

Summary/Abstract: Throughout its long and turbulent history, the Black Sea region has always been at the crossroads of the interests of great powers, and in today’s modern world, it has found itself at the center of global geoeconomic and energy actors. Due to its exceptional geographical position between Europe, Asia and the Middle East, as well as the proximity of large energy reserves of oil and gas, the region today hasexceptional geostrategic importance. Apart from being a source of energy, it is also the main transport corridor from Central Asia to Europe.The role of the Black Sea region, especially in the context of Europe’s energy security and the beginning of the conflict in Ukraine, is gaining more and more importance. In today’s changing geopolitical environment, the region is slowly positioning itself as a key in the field of energy, international trade and security, both in the region and more widely on the Eurasian continent. It is slowly becoming a vital link and bridge between the West and the rest of Asia, although often with geopolitically opposing sides and interests.

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