The influence of the Russia-Ukraine conflict on international energy trade and its enlightenment on China

Authors

  • Qing Xiang

DOI:

https://doi.org/10.54691/bcpbm.v29i.2166

Keywords:

Russia-Ukraine conflict, International energy trade, Energy transition, China's response

Abstract

The conflict between Russia and Ukraine has caused continuous turmoil in the international energy market, the global energy supply map is facing reconstruction, and the energy transformation and substitution process is also facing challenges. Europe's energy woes make securing energy independence a priority for more and more countries. As a significant energy consumer, China urgently needs to comprehensively assess the impact of the Russian-Ukrainian conflict on global energy trade, strengthen energy independence and ensure national energy security by focusing on energy import diversification, RMB internationalization, and low-carbon energy structure.

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References

Molly. The conflict between Russia and Ukraine affects international oil prices Financial Times, vol. 06 (2022), 08-09.

Xiong Maoling. World Bank: The conflict between Russia and Ukraine greatly impacts commodity prices such as food and energy。 Xinhua Daily Telegraph, vol. 04 (2022), 28-29.

Liu Manning. The situation's impact in Russia and Ukraine on the energy market and countermeasures and suggestions Contemporary Petroleum and Petrochemical, vol. 30 (2022), 01-04.

Nie Xinwei, Lu Wei. The impact of the Russian-Ukrainian conflict on the global energy pattern and China's countermeasures, vol. 05 (2022), 63-65.

"One Belt One Road" strategy: interconnection and joint development - energy infrastructure construction and the integration of energy markets in the Asia-Pacific region International Petroleum Economy, vol. 23 (2015), 15-23.

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Published

2022-10-12

How to Cite

Xiang, Q. (2022). The influence of the Russia-Ukraine conflict on international energy trade and its enlightenment on China. BCP Business & Management, 29, 37-41. https://doi.org/10.54691/bcpbm.v29i.2166