Russia

This essay examines Russia’s growing role in Asia’s energy markets, assesses the implications for the U.S., and examines the claim that closer Sino-Russian energy ties are adding new incentives for a broader strategic alignment.

This Handbook offers a comprehensive overview of the latest research from leading scholars on the international political economy of energy and resources. Highlighting the important conceptual and empirical themes, the chapters study all levels of governance, from global to local, and explore the wide range of issues emerging in a changing political and economic environment.

The chapter discusses the EU as an actor in global energy, and shows that the EU – short of a strong set of policy tools – relies more than other players on exporting its own rules. It explores the areas in which the Commission is capable of exerting (regulatory) external power in the energy sector and assesses the Commission's actions with regards to the challenges facing the EU along the energy value chain: upstream, midstream and downstream.

A Liberal Actor in a Realist World assesses the changing nature of the global political economy of energy and the European Union's response, and the external dimension of the regulatory state. The book concludes that the EU's soft power has a hard edge, which is derived primarily from its regulatory power.

While the EU has been historically dependent on Russian oil and gas supplies, this dependence has proved to be a two-way street, with Russia dependent on European goods and technology. This trade has nonetheless remained asymmetrical: Russia imports equipment, consumer goods, and high value-added products (such as luxury garments, cars, and foods), while it exports raw materials.