Russia in the global energy market
https://doi.org/10.35854/1998-1627-2025-9-1131-1139
Abstract
Aim. The work aimed to identify the specifics of the global energy market, assess Russia’s energy policy and determination of priority areas of development.
Objectives. The work seeks to study scientific materials in the context of the research, to assess the dynamics of demand in the global energy market, to analyze the possibility of replacingtraditional energy with energy based on renewable energy sources; to study the opportunities and threats to the development of the global energy market, taking into account the interests of Russia, as well as assess the effectiveness of Russian energy policy and formulate priority fields for its further development.
Methods. The author used analysis, synthesis, generalization, and systems approach.
Results. The article identifies trends in the development of the global energy market, while on their basis, Russia’s opportunities and threats in the energy sector were assessed. The work proposed priority areas for the development of the Russian energy market.
Conclusions. Russia’s energy policy includes a number of key fields, namely increasing investment in non-renewable energy capacities due to the growth of global demand for energy source materials; strengthening Russia’s position in Africa; promoting nuclear energy with waste-free atom technology, while Russia is its undisputed world leader; strengthening the defense of Russia’s interests in the Arctic; tightening counteraction to unfriendly acts against Russia’s shadow fleet. The prospects for development and threats enabled to assess the current energy policy as highly effective. According to the author’s position, actions in the direction of developing technologies in the field of renewable and hydrogen energy, focused on high-tech turnkey products, can be considered rational in order to occupy a niche in the global market.
About the Author
E. B. Malykh
St. Petersburg University of Management Technologies and Economics
Russian Federation
Competing Interests:
Russian Federation
Elena B. Malykh, PhD in Economics, Associate Professor,
Associate Professor at the Department of Management of Socio-Economic Systems
44A Lermontovskiy Ave., St. Petersburg 190020
Competing Interests:
the author declares no conflict of interest related to the publication of this article
References
1. Vasilyeva M.M. Russia’s energy policy: Current challenges and development prospects. Vestnik Moskovskogo gosudarstvennogo lingvisticheskogo universiteta. Obshchestvennye nauki = Vestnik of Moscow State Linguistic University. Social Sciences. 2021;(3):32-42. (In Russ.). https://doi.org/10.52070/2500-347X_2021_3_844_32
2. Mischenko Y. The Eastern vector of Russia’s energy policy. Energeticheskaya politika = Energy Policy. 2020;(8):42-51. (In Russ.). https://doi.org/10.46920/2409-5516_2020_8150_42
3. Nazarova D.V., Yagodkin A.R. Theoretical and practical bases for implementing Russia’s energy policy under conditions of global economy digitalization. Vestnik Buryatskogo gosudarstvennogo universiteta. Ekonomika i menedzhment = Bulletin of Buryat State University. Economy and Management. 2025;(2):110-118. (In Russ.). https://doi.org/10.18101/2304-4446-2025-2-110-118
4. Khadzhi A.S. The evolution of the foreign policy in the energy strategy of the Russian Federation. Mezhdunarodnye otnosheniya = International Relations. 2024;(4):142-155. (In Russ.). https://doi.org/10.7256/2454-0641.2024.4.72822
5. Hodakovsky E.A., Sizov A.A. Energy security of Russia in conditions of transformations of the world order: Challenges, threats, opportunities. Sotsial’no-politicheskie nauki = Sociopolitical Sciences. 2024;14(5):97-102. (In Russ.). https://doi.org/10.33693/2223-0092-2024-14-5-97-102
6. Klavdienko V.P. Renewable energy in China: Trends, innovations, prospects. Vestnik Instituta ekonomiki Rossiiskoi akademii nauk = Bulletin of the Institute of Economics of the Russian Academy of Sciences. 2023;(4):134-156. (In Russ.). https://doi.org/10.52180/2073-6487_2023_4_134_156
7. Dyomina O.V., Mazitova M.G. Energy transition in China: New opportunities and challenges. Regionalistika = Regionalistics. 2024;11(5):41-58. (In Russ.). https://doi.org/10.14530/reg.2024.5.41
8. Kondratov D.I. India’s energy policy and cooperation with Russia. Ekonomika. Nalogi. Pravo = Economics, Taxes & Law. 2024;17(3):125-148. (In Russ.). https://doi.org/10.26794/1999-849X-2024-17-3-125-148
9. Kazeeva N., Kozyreva M. Focus on Africa: Russian perspectives and opportunities in new realities. Energeticheskaya politika = Energy Policy. 2022;(10):75-83. (In Russ.). https://doi.org/10.46920/2409-5516_2022_10176_74
10. Grishkova A.A. The role of Russian non-resource export in technological sovereignty achievement of African countries. Mir novoi ekonomiki = The World of New Economy. 2023;17(4):30-40. (In Russ.). https://doi.org/10.26794/2220-6469-2023-17-4-30-40
11. Nekhoroshev D.D., Ermolenko E.A. Renewable energy sources. Epokha nauki. 2021;(25): 80-82. (In Russ.). https://doi.org/10.24412/2409-3203-2021-25-80-82
12. Ataev M.G., Mukhammetnazarov A.S., Esenov M.P. Transition to renewable energy sources. Ceteris Paribus. 2024;(10):26-28. (In Russ.).
13. Siddi M. A green revolution? A tentative assessment of the European green deal. Vestnik mezhdunarodnykh organizatsii: obrazovanie, nauka, novaya ekonomika = International Organisations Research Journal. 2021;16(3):85-107. (In Russ.). https://doi. org/10.17323/1996-7845-2021-03-04
14. Kapitza P.L. Energy and physics. Soviet Physics Uspekhi. 1976;19(2):169-173. https://doi.org/10.1070/PU1976v019n02ABEH005135 (In Russ.: Uspekhi fizicheskikh nauk. 1976;118(2):308-314.).
15. Shenshin V.M. The Arctic under the protection of Rosgvardiya. Pravo i gosudarstvo: teoriya i praktika = Law and State: Theory and Practice. 2023;(8):36-38. (In Russ.). https://doi.org/10.47643/1815-1337_2023_8_36
Review
For citations:
Malykh E.B. Russia in the global energy market. Economics and Management. 2025;31(9):1131-1139. (In Russ.) https://doi.org/10.35854/1998-1627-2025-9-1131-1139
Views:
90
