The Impact of Russia-Ukraine War on the Global Energy Crisis

Abstract

The Russia-Ukraine war has profoundly affected the global energy crisis, leading to significant disruptions and uncertainties in energy flows both domestically and internationally. The escalation of tensions in 2022 made crucial energy infrastructure vulnerable, causing a reduction in natural gas and energy supplies to European countries heavily reliant on Russian exports. This disruption has resulted in fluctuating energy prices and increased volatility in global markets, pushing importing nations to explore alternative sources and focus on renewable energy and domestic production. Geopolitical tensions have risen as countries compete for energy resources and prioritize their energy security, prompting efforts to enhance resilience and develop contingency plans. This chapter analyzes the multi-faceted impacts of the Russia-Ukraine war on the global energy crisis, stressing the importance of proactive measures to address vulnerabilities, enhance energy security, and foster international cooperation for a more resilient and sustainable future.