Does political proximity matter to Russia’s oil preferential partners? The impact of the conflict in Ukraine
This article examines the impact of the Russia-Ukraine conflict on the trade of oil, specifically focusing on changes in Russian oil exports and its main partners. It highlights the use of trade restrictions as a measure to discriminate against countries that oppose Russian actions and explores how...
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| Other Authors: | , , |
| Format: | article |
| Language: | English |
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2024
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| Subjects: | |
| Online Access: | https://hdl.handle.net/20.500.12008/47238 |
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| Summary: | This article examines the impact of the Russia-Ukraine conflict on the trade of oil, specifically focusing on changes in Russian oil exports and its main partners. It highlights the use of trade restrictions as a measure to discriminate against countries that oppose Russian actions and explores how political alignment influences trade exchanges. Such regional military conflict has a specific impact on energy inputs demand and oil supply. Therefore, we propose empirical measures related to political proximity among countries. The results indicate that commercial restrictions and, mainly, political alignments condition Russian oil exports, molding the contemporary international political economy and reinforcing the role of oil as a strategic asset in international relations. |
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