The Impact of Russia-Ukraine War on the Global Energy Crisis

Energy Background On The War

The Russia-Ukraine War possesses profound historical and geopolitical underpinnings, which can be meticulously delineated to emanate from the disintegration of the Union of Soviet Socialist Republics in 1991. The disintegration of the USSR led to the emergence of Ukraine as an independent nation, a development that complicated the relations between Russia and Ukraine. Historical tensions over issues such as territorial claims, cultural identity, and the status of the Russian-speaking population in Ukraine have been persistent sources of friction between the two countries (Kuzio, 2002). Additionally, the contested status of Crimea, an autonomous region with historical ties to both Russia and Ukraine, further exacerbated the situation. Russia's action to annex Crimea to its soil in 2014 caused further escalation and set the stage for the 2022 conflict. This key juncture served as a watershed moment in the dynamics of Russia-Ukraine relations, precipitating a notable divergence. The condemnation of Russia's actions by Western powers, coupled with the consequential imposition of economic sanctions, engendered resurgence reminiscent of a new Cold War, characterized by the rekindling of geopolitical tensions between the Eastern and Western blocs.