A POLITICAL EVALUATION OF THE HYDROCARBON TRADE BETWEEN THE EUROPEAN UNION, RUSSIA AND THE USA
Journal: Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
Year: 2023

The aim of this study is to assess the political, strategic, and economic background of the hydrocarbon crisis that led European Union countries to be dragged into the war between Russia and Ukraine that began at the beginning of 2022. In this study, Stephen Walt's balance of threat theory is used methodologically to analyze the crisis. As a result of the conflict, the European Union countries, through NATO, which was consolidated by the US, have imposed economic sanctions on Russia and have bro