ELIAMEP working paper deals with Russian energy policy in view of its WTO accession
Working Paper 41/2014 written by Dr Theocharis Grigoriadis, Mr Dimitrios Moschos and Ms Sofia Saridi provides an overview of Russian energy policy in view of its WTO accession. The transition from the Soviet Union to the Russian Federation reinforced the influence of energy resources on Russia’s economic growth. Regional economic integration and WTO accession have been treated as complementary strategies by the Russian government since the early 2000s. The emergence of Eurasian Economic Community (EurasEC) has created challenges for Russia’s integration into the world economy given Gazprom’s market dominance in the Russian economy. Reforming Gazprom’s pricing system requires both domestic political will and external incentives that will compensate for price reductions in international markets.