Search

Begin New Search Topic Energy Policy Political Geography Russia

1. Energy and Geo-Economics: Evidence Underpinning Russian Intervention in Syria

Author:
Nada El Abdi
Publication Date:
01-2021
Content Type:
Journal Article
Journal:
Journal of Liberty and International Affairs
Institution:
Institute for Research and European Studies (IRES)
Abstract:
Since September 2015 and the Russian military intervention in the country, the interests in Syria have been numerous and of great importance for the actors involved in this conflict. The interests in Syria are numerous and of great importance for the actors involved in this conflict. Russia, like the Allies and opponents of the Bashar Al-Assad regime, is fighting for geopolitical, geo-economic, or ideological reasons. The Middle East region finds itself shaken by the sharp resurgence of a confrontation between actors allied to the United States, other allies of Russia, and this Syrian crisis thus impacts the geopolitical configuration of the region. This paper presents an analysis of the Russian intervention strategy in Syria. We argue that Russia intervened in Syria to strengthen the already existing Russian-Syrian alliance, to curb extremist proliferation, and to take advantage of Syria's strategic position. The objective is to determine the reasons for the Russian military intervention in Syria related to energy and geo-economic interests. The Russian intervention in Syria was an ideal opportunity to draw closer to several powerful states in the region and a way to benefit from positive spin-offs on its arms market and hydrocarbon road plans. Despite the risks and costs associated with defending the Syrian regime, Moscow has secured its political and economic power in the Middle East.
Topic:
Economics, Energy Policy, Geopolitics, Military Intervention, and Syrian War
Political Geography:
Russia, Eurasia, Middle East, and Syria

2. Sanctions and the End of Trans-Atlanticism: Iran, Russia, and the Unintended Division of the West

Author:
Rawi Abdelal and Aurélie Bros
Publication Date:
01-2020
Content Type:
Policy Brief
Institution:
Institut français des relations internationales (IFRI)
Abstract:
Sanctions have become the dominant tool of statecraft of the United States and other Western states, especially the European Union, since the end of the Cold War. But the systematic use of this instrument may produce unintended and somewhat paradoxical geopolitical consequences. The sanctions imposed on the Islamic Republic of Iran and the Russian Federation in the field of energy are particularly illustrative of this phenomenon.
Topic:
Economics, Energy Policy, Sanctions, Geopolitics, Secondary Sanctions, and Transatlantic Relations
Political Geography:
Russia, Iran, Middle East, North America, and United States of America

3. FDI another day: Russian reliance on European investment

Author:
Marta Dominguez-Jimenez and Niclas Poitiers
Publication Date:
02-2020
Content Type:
Policy Brief
Institution:
Bruegel
Abstract:
Most foreign direct investment into Russia originates in the European Union: European investors own between 55 percent and 75 percent of Russian FDI stock. This points to a Russian dependence on European investment, making the EU paramount for Russian medium-term growth. Even if we consider ‘phantom’ FDI that transits through Europe, the EU remains the primary investor in Russia. Most phantom FDI into Russia is believed to originate from Russia itself and thus is by construction not foreign.
Topic:
Economics, Energy Policy, Foreign Direct Investment, Governance, Sanctions, European Union, and Global Political Economy
Political Geography:
Russia and Europe

4. Russian pipelines and EU energy security: Utilizing the externality elements of the EU’s regulatory framework

Author:
Michalis Mathioulakis
Publication Date:
09-2020
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
Russia and the EU have been entangled in the harsh effects of asymmetrical interdependence and the security threats it generates. Russia’s economy is linked directly to the form and volume of trade directed from the EU towards the Russian economy, while the EU economy is linked to the flow of Russian gas and oil directed towards European businesses and households. Growing concerns on EU’s dependency on energy imports led the European Commission to release its Energy Security Strategy (2014), aiming to secure stability and abundancy of energy supply while simultaneously examining the effects of discrepancies from Russian gas imports to the European energy systems. In contrast, Russia’s primary concern is to secure the necessary energy revenues that could enable Moscow to project and exercise its hard power to areas with strategic interest by striving to gain greater leverage within the European energy markets. Russia’s security objectives in relation to its energy export capacity are expressed primarily through materialisation of two major natural gas pipeline systems, namely the Nord Stream 2 and the TurkStream pipelines. This paper by Michalis Mathioulakis, Research Associate of ELIAMEP; Energy Strategy Analyst and Academic Director of the Greek Energy Forum, examines the strive between the two international actors in redetermining their future relations and the role of Russian gas pipelines and the EU’s regulatory framework in shaping the two actors’ common future.
Topic:
Security, Energy Policy, European Union, and Regulation
Political Geography:
Russia, Europe, and Eurasia

5. Nuclear Enrichment: Russia’s Ill-Fated Influence Campaign in South Africa

Author:
Andrew Weiss and Eugene Rumer
Publication Date:
12-2019
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
Amid the widespread attention the Kremlin’s recent inroads in Africa have attracted, there has been surprisingly little discussion of South Africa, a country which, for nearly a decade, unquestionably represented Russia’s biggest foreign policy success story on the continent. As relations soared during the ill-starred presidency of Jacob Zuma (2009–2018), the Kremlin sought to wrest a geopolitically significant state out of the West’s orbit and to create a partnership that could serve as a springboard for expanded influence elsewhere in Africa. Moscow’s strategy was multifaceted, capitalizing on well-established close ties with Zuma, a former African National Congress senior intelligence official with extensive Soviet bloc connections. Russian President Vladimir Putin and other senior officials pursued a series of initiatives, such as the inclusion of South Africa in the BRIC (Brazil, Russia, India, and China) grouping and the launch of ambitious forms of cooperation between state-backed energy interests primarily in the nuclear sector. Yet relations were undermined by the Kremlin’s propensity to overreach, to lean too heavily on the legacy of Cold War–era relationships forged with leaders of national liberation movements, and to take advantage of cultures of corruption. The controversy arising from a massive $76 billion nuclear power plant construction deal triggered strong pushback and legal challenges from South Africa’s institutional checks and balances, civil society groups, and independent media. Key parts of the Russian national security establishment view civil nuclear power exports as an important tool for projecting influence overseas while creating revenue streams for sustaining intellectual and technical capabilities and vital programs inside Russia itself. Yet such cooperation is often a two-edged sword. On the one hand, costly projects such as the one pushed by Zuma typically make little economic sense for the purchasing country, spurring uncomfortable questions about who stands to benefit. On the other hand, heavily subsidized projects pursued mainly for geopolitical reasons risk saddling Russia’s nuclear power monopoly Rosatom with burdens it can ill afford. Ongoing investigations of high-level corruption during the period of so-called state capture under Zuma shed remarkable light on how the Kremlin operates in Africa and other parts of the world. In retrospect, the sustainability of Moscow’s embrace of South Africa was highly questionable due to its paltry tool kit. Russian involvement in the South African economy is miniscule compared to that of other trading partners such as the EU, China, the United States, India, and the UK, accounting for a mere 0.4 percent of South Africa’s foreign trade. While the Soviet Union was an important patron during the anti-apartheid struggle, modern-day Russia offers little in the way of practical assistance for helping South Africa deal with its deep-set economic and societal challenges.
Topic:
Energy Policy, National Security, Geopolitics, and Nuclear Waste
Political Geography:
Africa, Russia, and South Africa

6. Hungarian-Russian Economic Relations

Author:
Veronika Jóźwiak
Publication Date:
07-2019
Content Type:
Special Report
Institution:
The Polish Institute of International Affairs
Abstract:
Hungarian-Russian economic relations are based on the energy industry. Hungary’s efforts to build closer political relations with Russia after 2010 did not result in a marked increase in bilateral trade, investment, or greater Russian influence outside the energy sector. EU economic sanctions imposed on Russia and the introduction of counter-sanctions in 2014 caused a significant drop in Hungarian exports to Russia. However, this has not resulted in substantial losses to the Hungarian economy.
Topic:
Energy Policy, Bilateral Relations, Sanctions, European Union, and Trade
Political Geography:
Russia, Europe, Eurasia, and Hungary

7. Russia’s Energy Strategy-2035: Struggling to Remain Relevant

Author:
Tatiana Mitrova and Vitaly Yermakov
Publication Date:
12-2019
Content Type:
Special Report
Institution:
Institut français des relations internationales (IFRI)
Abstract:
Russia’s Energy Strategy to 2035 (ES-2035) enters, finally, the home stretch. The Ministry of Energy submitted its version of the document to the Russian Government in early October 2019. Once approved (this is expected before year’s end), ES-2035 will become the best available indication of Russian energy policymakers’ plans. It therefore merits careful consideration. This paper reviews the key goals, scenarios and indicative ranges for output and consumption contained in ES-2035. It thus contributes to understanding the strategic compromises that Russia might be ready to take, as well as those that are unlikely to be acceptable. Our review of the draft ES-2035 suggests that it provides general guidelines to the future evolution of Russia’s energy sectors, but struggles to remain relevant amid fast-paced changes in the global markets. Several crucial but politically sensitive energy issues still need further clarification of policies: the future fiscal regime for oil and gas that could incentivize output and prevent production declines; industrial and technological policy; the choice of the future model for Russia’s gas industry and whether it is going to develop under continued state regulation or in the market environment; climate policy and the strategy to promote (or not) renewables and other technologies of energy transition; and the future of competition in wholesale and retail power markets.
Topic:
Energy Policy, Oil, Politics, and Gas
Political Geography:
Russia and Eurasia

8. Russia’s Focus in Africa: Energy, Metals and Weapons

Author:
Theo Neethling
Publication Date:
11-2019
Content Type:
Commentary and Analysis
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
In recent years, Russian president Vladimir Putin has increasingly placed a high premium on re-building Russia’s global influence in Africa. During the heyday of the Soviet Union, Russian influence on the continent was significant, especially on an ideological level. The Cold War with the United States made Africa a land of contention, with the two superpowers waging proxy wars by aligning and supporting different African movements, fuelling conflict on the continent by providing political support, money and weapons. However, when the Soviet Union disintegrated, and superpower rivalry ended, Africa lost its strategic role. There is little doubt that, today, much of Moscow’s involvement in Africa relates to Putin’s desire to revive his country’s great-power status. In this context, Africa has become strategic in at least two ways: for the economic benefits stemming from its mineral wealth, and for providing Russia with a market to export weapons and military assistance, often merging these two interests in an arms-for-resources approach.
Topic:
Energy Policy, Natural Resources, Weapons, and Conflict
Political Geography:
Africa, Russia, and Eurasia

9. The European Union-Russia-China energy triangle

Author:
Georg Zachmann
Publication Date:
12-2019
Content Type:
Policy Brief
Institution:
Bruegel
Abstract:
We argue that energy relations between the EU and Russia and between China and Russia influence each other. We analyse their interactions in terms of four areas: oil and gas trading, electricity exchanges, energy technology exports and energy investments. We discuss five key hypotheses that describe the likely developments in these four areas in the next decade and their potential impact on Europe: 1. There is no direct competition between the EU and China for Russian oil and gas 2. China and the EU both have an interest in curbing excessive Russian energy rents 3. The EU, Russia and China compete on the global energy technology market, but specialise in different technologies 4. Intercontinental electricity exchange is unlikely 5. Russia seems more worried about Chinese energy investments with strategic/political goals, than about EU investments We find no evidence of a negative spillover for the EU from the developing Russia-China energy relationship. But, eventually, if these risks – and in particular the risk of structural financial disintermediation – do materialise, central banks would have various instruments to counter them.
Topic:
Climate Change, Energy Policy, Oil, and Europe Union
Political Geography:
Russia, China, and Europe

10. Stepping on the Gas: Future-Proofing Estonia’s Energy Market and Security

Author:
Andrei V. Belyi
Publication Date:
05-2019
Content Type:
Special Report
Institution:
International Centre for Defence and Security - ICDS
Abstract:
The Baltic region is making a significant progress in developing functioning regional natural gas market, expanding and integrating the related infrastructure, and ensuring the security of supply. However, there are multiple factors—at the national, regional, European and even global levels—that prevent this from becoming an ideal market capable of delivering greater security at a reasonable cost. Liquidity of the market is low due to falling consumption; state aid and state participation in the energy enterprises discourage private investments and distort market conditions, while geopolitical tensions between the West and Russia add further complications. The report considers the trends in the overall natural gas sector—such as greater portion of trade being conducted in gas trading hubs; more reliance on spot pricing rather than long-term contracts; LNG glut in the global markets, introduction of “virtual pipelines” and flexible infrastructure, pressure to reduce CO2 emissions as well as the US entry into the global LNG market as a major player—and analyses their implications to Estonia. It puts forward a number of recommendations on how to create and sustain the conditions necessary for efficient natural gas market in the region as well as for improved energy security of Estonia.
Topic:
Security, Energy Policy, European Union, Economy, and Resilience
Political Geography:
Russia and United States of America