Russia’s energy policy towards the European Union under economic crisis Cover Image

Polityka energetyczna Rosji wobec Unii Europejskiej w kontekście kryzysu gospodarczego
Russia’s energy policy towards the European Union under economic crisis

Author(s): Jarosław Ćwiek-Karpowicz
Subject(s): Politics / Political Sciences
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Russia; European Union; EU; energy; economic crisis; financial crisis

Summary/Abstract: The Russian economy has been badly affected by the consequences of the global financial crisis. Following the collapse of oil prices on international markets, there came dramatic declines in the value of Russian exports (the bulk of which are energy sources), foreign direct investments and domestic production. In half-year terms, the country’s gross domestic product was down 10%, in mid-2009, and at the end of 2009 it was nearly 8% lower than a year earlier.

  • Issue Year: 2011
  • Issue No: 1
  • Page Range: 67-85
  • Page Count: 19
  • Language: Polish