Analysis of EU Energy Crisis

Authors

  • Evgenij Andreevich Litvinov Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412.2072-8042-2021-11-83-90

Keywords:

European Union, energy crisis, electricity, European economy, households, companies, electricity market

Abstract

The European Union is currently experiencing an unprecedented energy crisis. Electricity prices have soared and tend to increase further. This situation creates certain risks for the stability and integrity of the European economy. Given the onset of winter, the livelihoods of households and the operations of businesses are threatened by the lack of electricity for heating. This article examines the causes of the energy crisis, reviews the current state of the electricity market, and analyzes measures to solve the problems with electricity in the European Union.

Author Biography

Evgenij Andreevich Litvinov, Russian Foreign Trade Academy

Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Vorob`evskoe shosse,6A) - International Economists faculty, student

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Published

2024-01-28

How to Cite

Litvinov, E. A. (2024). Analysis of EU Energy Crisis. Russian Foreign Economic Journal, (11), 83–90. https://doi.org/10.24412.2072-8042-2021-11-83-90

Issue

No. 11 (2021)

Section

International trade

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