ВПЛИВ РОСІЙСЬКОЇ АГРЕСІЇ В УКРАЇНІ НА ЕКОНОМІЧНУ ТА ЕНЕРГЕТИЧНУ БЕЗПЕКУ ЄВРОПЕЙСЬКОГО СОЮЗУ

Abstract

The article examines the influence of Russian aggression in Ukraine on February 24, 2022, on the economic and energy security of the European Union (EU). Security issues are critical to the EU because it ensures the sustainability and competitiveness of the European economy, contributing to the growth of the wellbeing and development of EU Member States. The study of the impact on economic and energy safety is performed in several directions, which cover: 1) migration crisis; 2) inflation, including energy; 3) dynamics of changes in gross domestic product in the context of economic development; 4) structural transformations of the EU energy sector. The work defines the essence of economic and energy security and analyzes the consequences of Russian aggression in Ukraine and the rate of economic growth of the EU based on the dynamics of key macroeconomic indicators. The prospects for EU economic and energy security have been determined. During the study, methods such as analysis and synthesis, logical generalization, and a comprehensive approach were used. In evaluating the consequences of the invasion of Ukraine into the economy and the EU energy sector and the study of the main macroeconomic indicators used statistical, comparative, systemic, and structural analysis. The results of the study show that the EU has suffered from a full-scale invasion of the Russian Federation into Ukraine due to the introduction of economic sanctions and reducing energy supplies. The shocks caused by Russian aggression in Ukraine impress the EU economy both directly and indirectly, directing it to the path of lower growth and high inflation, as well as exacerbating the migration crisis in the EU. The article states that the EU should diversify its energy sources and strengthen its energy security, reducing the dependence on Russian energy. To strengthen EU economic security, the economy and trade partners should be diversified, by concluding new trade agreements. EU economic forecast from the European Commission for 2023 has been analyzed and it is justified that the threat of new economic upheavals for the EU still exists as the active phase of the Russian-Ukrainian war is ongoing.