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2023 was a very important year for both global and Russian energy markets. In addition to the aftermath of the coronavirus pandemic and, consequently, the reduction of business activity in the world’s largest economies, the oil and gas market continued to undergo a significant transformation, caused, among other things, by the introduction of restrictive measures aimed at the Russian hydrocarbon industry. The article examines the most significant events that influenced the price fluctuations in the oil and gas markets. The authors study the measures taken by European countries to avoid the energy crisis and assess their effectiveness. The study also considers the prospects of Russia’s interaction with Asian countries in the sphere of oil and gas supplies. Special attention is paid to the interaction with China and India.
KRISHTAL et al. (Mon,) studied this question.