Russian Oil and Gas: What to Expect?
For decades, Russian oil and gas have been a cornerstone of Europe’s energy supply, powering industries and heating millions of homes. However, following the Russian invasion of Ukraine, energy flows to the West have sharply declined. Experts speculate that it could stop entirely, either through sanctions or policy decisions from Russia itself, posing a significant challenge to Europe’s energy security.
This shift raises two critical questions:
- How will reduced Russian oil and gas exports affect global energy markets?
- And what are the long-term consequences for both the European Union and Russia’s economy?
Together, they examined how the reduction of Russian oil and gas flows reshapes energy trade and accelerates Europe’s transition to renewables. This shift also challenges global market stability and raises new concerns for Europe and its energy security.
Event Panelists:
- Julius Andersson, Assistant Professor, Stockholm Institute of Transition Economics (SITE)
- Chloé Le Coq, Professor, Université Paris 2 Panthéon-Assas and Research Fellow at SITE
- Sergej Gubin, Research Fellow, BICEPS
- Paweł Wróbel, Managing Director, BalticWind.EU
Together, they examined how the reduction of Russian oil and gas flows reshapes energy trade, accelerates Europe’s transition to renewables, and challenges global market stability.
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