scholarly journals BRICS Countries Energy Cooperation. Significance of the Issue

Author(s):  
M. O. Ryazanova

The article studies one of the key spheres of BRICS framework - energy security. Given the recent decline of economic growth rates in BRICS countries, highlighting of such areas as infrastructural funding and establishing of effective international financial regulatory institutions, beneficial cooperation in energy sector despite its importance for the national interests of member states, nowadays perspectives of BRICS cooperation in energy security seem to be unclear for the leading researchers and analysts. The article contemplates the evolution of energy cooperation issue in the context of BRICS summits. Besides,proceeding from the classification of energy resources into two groups - traditional ones and eco-fuels - the analysis helps to determine potential ways of interaction within the member states taking into account bothmotivating and constraining factors. However, notwithstanding the possibility of the intergroup multilateralrelations in this sphere and overall strengthening of economic ties among the members, the BRICS energy cooperation iscurrently of bilateral and unequally developed nature, which is determined by a number of historically formed circumstances and national interests.

2020 ◽  
Vol 27 (3) ◽  
pp. 11-18
Author(s):  
E.A. Sysoeva ◽  
◽  
T.A. Rozhkova ◽  

The Eurasian economic Union has adopted the technical regulation «On energy efficiency requirements for energy-consuming devices» (TR EEU 048/2019), which is applied to widely used energy-consuming devices that have a significant share in the energy consumption balance and produce a significant impact on the energy security of the EEU member States. In TR EEU 048/2019 updated quantitative requirements to energy consuming devices, with new, additional requirements for energy efficiency, corresponding to modern level of the development of energy-saving technologies, and harmonization gradually introduced requirements on energy efficiency of energy consuming devices installed in a TR EEU 048/2019, with the requirements of the directives and regulations of the European Union, suggests that energy efficiency in energy-consuming products manufactured in the member States of the Eurasian economic Union, will steadily increase and it should have a positive impact on the competitiveness of energy-consuming goods produced in the territory of the Eurasian economic Union. The introduction of the EAEU TR 048/2019 is an urgent solution for ensuring energy security of the economies and the energies of the member States of the Eurasian economic Union and will promote the promotion of competitive energy-consuming products produced on the territory of the countries of the Eurasian economic Union to the international market and will allow the population to save money on acquisitions of energy efficient energy consuming devices.


Author(s):  
Lyailya Nurgaliyeva

This paper focuses on the contribution of Italy to the development of energy cooperation between Kazakhstan and the EU, focusing on the specific case of the Kashagan oil field. I argue that Italy, as the largest importer of Kazakhstan’s oil, can play a significant role in the diversification of energy export routes from Kazakhstan and in the introduction of new European technologies. In turn, Kazakhstan can play a prominent role in ensuring the energy security of the EU, especially after the 2014 Crimea incident. I posit that recent Italy-Kazakhstan relations shows how a medium-sized power such as Italy can be important in leading a larger block of countries into a new field of investment and development.   Full text available at: https://doi.org/10.22215/rera.v9i1.244


Author(s):  
T. Romanova ◽  
E. Pavlova

The article examines how the normative power, which the EU puts forward as an ideological basis of its actions in the world, manifests itself in the national partnerships for modernization between Russia and EU member states. The authors demonstrate the influence of the EU’s normativity on its approach to modernization as well as the difference in the positions of its member countries. It is concluded that there is no unity in the EU’s approach to democracy, human rights and the rule of law, and the new classification of EU member states, which is based on their readiness to act in accordance with the Union’s concept of normative power, is offered.


2021 ◽  
Vol 7 (2) ◽  
pp. 85-102
Author(s):  
Gregory T. Papanikos

This article reviews the European Union’s Recovery Plan to cope with COVID-19 by examining two of its main hypotheses. I primarily use Greece as a case study of those who benefit from receiving funds, and in some cases Germany, because it played, and still plays, an instrumental role in promoting this unfounded idea of transferring European taxpayers’ money to the hands of national politicians. First, it was alleged that the health situation is improving. Second, the pandemic increases economic divergence between member states. The stylized facts so far do not seem to support either hypothesis. Since the July Summit of the European Council, the epidemiological situation has worsened as measured by deaths and cases. Data on per capita Gross Domestic Product released by the European Commission on 6 May 2020 show an unprecedented for peace years decline in economic growth rates for all 27 member states in 2020. The data estimations also assume a V-shaped recovery for 2021. However, the alleged hypothesis of economic divergence in 2020 and economic convergence in 2021 is not supported by the data themselves. The main conclusion of this study is that the economic impact cannot be fully ascertained if the pandemic is not permanently over and therefore the titanic EU spending of 750 billion euro cannot be based on the stylized economic and epidemiological facts. Keywords: European Union, pandemic, Covid-19, health, growth, public pending, recovery plan, Germany, Greece.


2021 ◽  
Vol 1 ◽  
pp. 21-25
Author(s):  
Valeriy F. Lapshin ◽  
◽  
Nadezhda V. Kuznetsova ◽  

Тhe subject of this research is the international normative acts concluded in connection with the creation of interstate unions and associations in the post-Soviet space. Attention is drawn to the active development of regulatory legislation on the specifics of economic relations between representatives of the union states, in the complete absence of any processes of unification of national criminal law in the field of foreign economic activity. The emerging situation can significantly complicate the implementation of international foreign economic cooperation, despite the membership of states in the Eurasian Economic Union (hereinafter — the EAEU). In this regard, it is concluded that it is necessary to develop a unified EAEU normative act that defines the specifics of establishing and implementing responsibility for committing foreign economic crimes, as well as the appropriate unification of the national criminal laws of the EAEU member states.


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