Ensuring national energy security as a basic condition for improving the efficiency of the system of international economic relations

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Abstract

This article examines the energy interests of the Russian Federation in the international economic arena, as well as identifies new threats and challenges to both national and global energy security related to sanctions restrictions. The paper presents an econometric analysis of the cost of one barrel of URALS crude oil, the main result of which was an assessment of the impact of the imposed sanctions packages against the energy sector of the Russian Federation on the cost of Russian oil. Additionally, the article presents proposals to improve the efficiency of the system of international economic relations in the field of energy security. The study concludes that the concept of energy security is multifaceted and requires an integrated approach to ensure reliable, stable and sustainable energy supplies, minimize the risks of failures in the energy sector, prevent threats to national security and protect the environment.

About the authors

Maria Vyacheslavovna Glinskaya

Peoples' Friendship University of Russia named after Patrice Lumumba (RUDN University)

Author for correspondence.
Email: glinskaya_mv@rudn.ru
ORCID iD: 0000-0003-3299-5324
SPIN-code: 1219-6226

Candidate of Economic Sciences, Head of the International Economic Security Program, Institute of World Economy and Business, Faculty of Economics

117198, Moscow, Miklukho-Maklaya str., 6

Ivan Andreevich Koldashev

Peoples' Friendship University of Russia named after Patrice Lumumba (RUDN University)

Email: ivankoldashev@yandex.ru

Student at the Institute of World Economy and Business, Faculty of Economics

117198, Moscow, Miklukho-Maklaya str., 6

Stanislav Gabriel Arnett

Trade Policy Institute Higher School of Economics (HSE University)

Email: arnett_sg@mail.ru
SPIN-code: 5371-3097

Expert at the Institute of Trade Policy, Higher School of Economics Research University

119017, Moscow, Malaya Ordynka st., 17

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