Impact of sanctions on the development of the gas industry in Russia

The relevance of the study is conditioned by the following facts. The gas industry is an important structural component of the Russian economy. It not only contributes significant funds to the federal budget, but also affects economic growth rate, production potential, and development of scientific...

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Main Author: P. A. Aksenov
Format: Article
Language:English
Published: Publishing House of the State University of Management 2023-12-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/4816
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author P. A. Aksenov
author_facet P. A. Aksenov
author_sort P. A. Aksenov
collection DOAJ
description The relevance of the study is conditioned by the following facts. The gas industry is an important structural component of the Russian economy. It not only contributes significant funds to the federal budget, but also affects economic growth rate, production potential, and development of scientific and technological progress. In the situation when anti-Russian sanctions are imposed, it becomes necessary to preserve the revenues received, projects underway and switch to new markets, analyzing the totality of risks that companies may face. In this regard, it is particularly important to study impact of sanctions on the Russian gas industry development and prospects for it in the current realities. The subject of the article is main trends in the gas industry development under sanctions. The purpose of the research is to study the specifics of the sanctions impact on the Russian gas industry development. The methodology used was the analysis of Internet resources corresponding to the research topic, statistical data, its synthesis, and generalization. The main results of the research are studying trends, specifics and prospects for the gas industry development in the context of introducing anti-Russian sanctions and defining the sanctions risk as one of the most important ones. The results obtained can be applied in assessing future development trends of the Russian gas industry considering the current situation, as well as in educational process. The prospects for further research on this topic include studying specifics of various risks impact on the Russian gas industry development and forming recommendations for hedging and managing them.
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institution Kabale University
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spelling doaj-art-d4ab23aac3ca4b24ad6fe1ca7b8b72fa2025-02-04T08:28:18ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152023-12-01010738010.26425/1816-4277-2023-10-73-802917Impact of sanctions on the development of the gas industry in RussiaP. A. Aksenov0K.G. Razumovsky Moscow State University of Technologies and Management (the First Cossack University)The relevance of the study is conditioned by the following facts. The gas industry is an important structural component of the Russian economy. It not only contributes significant funds to the federal budget, but also affects economic growth rate, production potential, and development of scientific and technological progress. In the situation when anti-Russian sanctions are imposed, it becomes necessary to preserve the revenues received, projects underway and switch to new markets, analyzing the totality of risks that companies may face. In this regard, it is particularly important to study impact of sanctions on the Russian gas industry development and prospects for it in the current realities. The subject of the article is main trends in the gas industry development under sanctions. The purpose of the research is to study the specifics of the sanctions impact on the Russian gas industry development. The methodology used was the analysis of Internet resources corresponding to the research topic, statistical data, its synthesis, and generalization. The main results of the research are studying trends, specifics and prospects for the gas industry development in the context of introducing anti-Russian sanctions and defining the sanctions risk as one of the most important ones. The results obtained can be applied in assessing future development trends of the Russian gas industry considering the current situation, as well as in educational process. The prospects for further research on this topic include studying specifics of various risks impact on the Russian gas industry development and forming recommendations for hedging and managing them.https://vestnik.guu.ru/jour/article/view/4816russian gas industryliquefied natural gassanctions riskanti-russian sanctionsasia-pacific regionlocalization
spellingShingle P. A. Aksenov
Impact of sanctions on the development of the gas industry in Russia
Вестник университета
russian gas industry
liquefied natural gas
sanctions risk
anti-russian sanctions
asia-pacific region
localization
title Impact of sanctions on the development of the gas industry in Russia
title_full Impact of sanctions on the development of the gas industry in Russia
title_fullStr Impact of sanctions on the development of the gas industry in Russia
title_full_unstemmed Impact of sanctions on the development of the gas industry in Russia
title_short Impact of sanctions on the development of the gas industry in Russia
title_sort impact of sanctions on the development of the gas industry in russia
topic russian gas industry
liquefied natural gas
sanctions risk
anti-russian sanctions
asia-pacific region
localization
url https://vestnik.guu.ru/jour/article/view/4816
work_keys_str_mv AT paaksenov impactofsanctionsonthedevelopmentofthegasindustryinrussia