Chief Editor
  • Prof. Christina Nikolova, PhD
Editorial Board
  • Prof. Christina Nikolova, PhD - UNWE
  • Prof. Elka Todorova, DSc. - UNWE
  • Prof. Maya Lambovska, DSc. - UNWE
  • Assoc. Prof. Todor Nedev, PhD - UNWE
  • Assoc. Prof. Dorina Kabakchieva, PhD - UNWE
  • Assoc. Prof. Paskal Zhelev, PhD - UNWE
Scientific Secretary
  • Assoc. Prof. Aleksandar Valkov, PhD - UNWE
  • Assist. Prof. Veselina Lyubomirova, PhD - UNWE
International Editorial Board
  • Damian Stantchev, PhD
    Edinburgh NAPIER University, UK

  • Ivaylo Vassilev, PhD
    University of Southampton,UK

  • Prof. Irina Kuzmina-Merlino, PhD
    Transport and Telecommunication Institute, Riga

  • Milan Zdravkovic
    University of Niš, Serbia

  • Prof. Niculae Mihaita, PhD
    Bucharest Academy of Economic Studies, Romania

  • Prof. Ricardo Jardim-Gonçalves, PhD
    UNINOVA institute, New University of Lisbon, Portugal

  • Prof. Ing. Jaroslav Belás, PhD
    Tomas Bata University in Zlín, Czech Republic

  • Prof. John Rijsman, PhD
    Tilburg University

  • Prof. Ing. Zdenek Dvorák, PhD
    University of Zilina, Slovak Republic

  • Prof. Zoran Cekerevac, PhD
    “Union – Nikola Tesla” University in Belgrade, Serbia

The End of the Energy War in Europe
year 2023
Issue 2

The End of the Energy War in Europe


The article traces the development of the confrontation and economic war between European countries and Russia in the energy sector following the start of Russian aggression in Ukraine. The main actions taken by Russia are outlined, which created an energy deficit in the energy markets and posed a significant risk to the energy security of European countries. The specific steps taken to stabilize the energy supply system and counter Russian policies are mentioned. Important instruments in energy policy are presented, including the “REPowerEU” plan and the decisions of the “Price Cap Coalition”. The effects of imposed sanctions on the Russian financial and economic system are analyzed, highlighting the low capacity of the Russian economy to compensate for the created deficits and limited opportunities for organizing alternative energy supplies. In conclusion, the main mistakes in Russia's energy strategy and energy policy are defined, leading to Russia's sustainable exclusion from the energy markets of Europe.

JEL: F51, F02, F17, Н68


European Union, Russia, energy supplies, energy policy, sanctions, effect from sanctions, REPowerEU, Price Cap Coalition
Download YB.2023.2.02.pdf

ISSN (print): 1312-5486
ISSN (online): 2534-8949