REALITIES AND CHALLENGES OF ENERGY SECURITY: THE IMPACT OF THE CONFLICT IN UKRAINE ON INTERNATIONAL ENERGY STRATEGIES

Abstract

This research is focused on understanding the critical role of recent geopolitical events, particularly the conflict in Ukraine, on the dynamics and structure of the international energy markets. It evaluates the shifts in global demand and supply of energy resources, examines the impact of economic and political crises on pricing policies, and explores adaptation strategies to new conditions of energy security. Special emphasis is laid on the potential of economy-wide decarbonization and the development of renewable energy sources as a pivotal element for a sustainable future. The authors highlight the importance of developing flexible and effective strategies to ensure reliable energy supply, support economic growth, and reduce dependence on imported energy resources. The annotation underscores the topicality of the issue in the context of changing global energy landscapes and the necessity of integrating innovative approaches in the energy sector. The findings of this study are significant, illustrating how geopolitical events like the Ukrainian conflict have reshaped global energy strategies, leading to a reevaluation of energy security, supply diversification, and the rapid adoption of renewable energy technologies. The research examines the implications of these shifts for global energy markets, pricing trends, and the geopolitical alignment of energy-rich nations. It also assesses the long-term sustainability of these changes in the context of international agreements and environmental concerns. The practical value of this article is its contribution to strategic planning and decision-making processes within the energy sector. By providing a comprehensive understanding of the multifaceted nature of global energy markets and the forces shaping them, the research offers insights into navigating the challenges and opportunities presented by the current geopolitical and economic environment. It serves as a valuable resource for policymakers, energy industry stakeholders, and academics interested in the intersection of geopolitics, energy security, and sustainable development.