Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/338761 
Year of Publication: 
2024
Citation: 
[Journal:] Businesses [ISSN:] 2673-7116 [Volume:] 4 [Issue:] 3 [Year:] 2024 [Pages:] 259-269
Publisher: 
MDPI, Basel
Abstract: 
A symbiotic relationship exists between the state and the energy sector that often leads to conflicting relationships between the two. The best example of this complicated relationship is between the state and free markets is the case of the United States, European Union, and Global Energy Sector. The decline in the gas import - due to sanctions placed on the Russian Federation - to Europe from Russia, along with other counties that import gas from Russia, has negatively affected the economies of European counties. The Russian government has restructured the exporting of gas to other counties in order to continue to sustain companies' growth. This literature review will analyze how sanctions against Russian Federation have affected the energy market and how it will affect entire energy markets.
Subjects: 
energy sector
Russia
Europe
United States
gas production
institutional relationships
dynamic capabilities framework
sanctions
economy
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article
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