The Current Situation of Energy Trade Between Russia and the EU: From the Perspective of Economic Nationalism

Abstract

Energy trade has been a long-standing pillar of EU-Russia relations and a critical economic driver, leading to higher interdependence in the energy sector. With the outbreak of the Russia-Ukraine crisis, the energy relations between the EU and Russia and the development of the energy trade have changed, which also generates different energy trade policies and the current state of the energy trade. For a long time, people tend to pay attention to the political nature of nationalism and ignore its economic and cultural nature; they pay attention to the study of energy issues from the economic perspective and neglect the comprehensive study of energy issues from the political, cultural, and even nationalist perspectives. Synthesis, multiple factors, and the interaction of national security in the overall national security situation are significant features of the nationalist-economist perspective. This paper will explore the EU-Russia energy trade dealings from an economic nationalist perspective, focusing on the current state of energy relations and energy policies. Analyzing the current state of cooperation and trade in Russian-EU energy trade from this perspective can fill the gaps in the political and economic interactivity of Russian-EU relations in related studies.