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Overview of the Russian Coal Market in the Context of Geopolitical and Economic Turbulence: The European Embargo and New Markets

Author

Listed:
  • Galina Panaedova

    (Department of Economics and Foreign Economic Activity, North-Caucasus Federal University, 355029 Stavropol, Russia)

  • Alex Borodin

    (Department of Finance Sustainablee, Plekhanov Russian University of Economics, 117997 Moscow, Russia)

  • Cemal Zehir

    (Department of Business Administration, Yildiz Technical University, Istanbul 34220, Turkey
    Center for Islamic Finance, Azerbaijan State University of Economics (UNEC), Baku AZ 1001, Azerbaijan)

  • Sergey Laptev

    (Department of Corporate Finance and Corporate Governance, Financial University under the Government of the Russian Federation, 105064 Moscow, Russia)

  • Andrey Kulikov

    (Department of Organization of Medical Provision and Pharmacoeconomics, I.M. Sechenov First Moscow State Medical University (Sechenov University), 119991 Moscow, Russia)

Abstract

The energy crisis caused by global structural changes in the political and economic sphere is the reason for the change in Russia’s energy strategy based on the concept of sustainable development. The presented study is intended to test the hypothesis about the stimulating effect of economic sanctions on the traditional energy sector and is intended to examine the assumption about the implementation in Russia of the concept of the diversification of energy resources in terms of the use of coal fuel using a systematic approach. The object of empirical research is the Russian Federation in comparison with the leading countries in reserves, exports, and imports of coal raw materials in the period 2010–2021. The tools of scientific research used are based on methods of comparative, economic and statistical analysis, and technologies of consensus expert assessments. The integrated methodological approach applied in the study allows us to present the relationship between energy policy and the government’s strategy in achieving the goals of sustainable energy production and the transition to transformational models of using traditional energy sources. This article identifies new opportunities for academic research and discussion of the potential of demand management, the dynamics of consumption and production of traditional energy resources based on the use of avant-garde technologies, and the design of scenarios for the implementation of the energy transition, taking into account various options for economic development and geopolitical changes.

Suggested Citation

  • Galina Panaedova & Alex Borodin & Cemal Zehir & Sergey Laptev & Andrey Kulikov, 2023. "Overview of the Russian Coal Market in the Context of Geopolitical and Economic Turbulence: The European Embargo and New Markets," Energies, MDPI, vol. 16(19), pages 1-29, September.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:19:p:6797-:d:1247004
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    References listed on IDEAS

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    9. Andrey Kulikov & Naief Alabed Alkader & Galina Panaedova & Aleksandr Ogorodnikov & Evgenii Rebeka, 2023. "Modelling Optimal Capital Structure in Gas and Oil Sector by Applying Simulation Theory and Programming Language of Python (Qatar Gas Transport Company)," Energies, MDPI, vol. 16(10), pages 1-15, May.
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