Abstract

The war in Ukraine affected the global world in many segments, including production, trade, energy supply, and inflation worldwide. And while the economy of Germany and other EU member states are facing numerous challenges in terms of sanctions, among all EU members this crisis will perhaps create the biggest alliance and consensus in terms of preventing the gas import dependence from Russia. With the strengthening of economic relations among the EU members, it is necessary to expect that in the political sense, an even more significant gap will be created between the East and the West. This paper analyzes the available data on the impact of the war in Ukraine on the reliability of gas supply to the EU. Based on comparable secondary data and historical facts, this paper focuses on the previous and current issues of gas procurement and distribution within the EU, but also on the challenges of the future supply of EU member states with this energy. The war in Ukraine has produced a domino effect on global and regional gas trade and the economy. Many causal reactions are already having wide-ranging consequences for the European economy. The gas prices increase, transport costs increase, prices of food and many other goods had been increased, as well as EU economic sanctions against Russia that have already affected the gas trade structure and energy balances of EU members, today have a huge impact on global and regional infrastructure investments. Current anticipations are that the Ukraine war will cause Europe's greatest gas crisis and long-term decisions non-seen since the Cold War

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