The European Union imposed sanctions on Russia in response to its invasion of Ukraine in February 2022. This caused a major gas crisis as Russia was a key supplier of gas to Europe. In response, Russia cut gas flows to Europe which increased energy costs. Germany approved a $200 billion fund to subsidize higher energy bills, causing protests and raising concerns about inflation and challenges within the EU if countries act alone. The situation exposed weaknesses in the EU's energy independence and coordination during the crisis.

1. 2022 - 23 RUSSIAN
EUROPEAN GAS
CRISIS
BY
PREM M
SABARIVASAN K N
ROVIN ABEL D

2. • The European Union
(EU) is a political and
economic union of 27
member states that are
located primarily in
Europe
• As of 2020 European
Union had 5.8 per cent
of the world population
containing 18 per cent
of world's gdp

3. Aim of
european
union
To create political and economic integration by
creating
• COMMON CURRENCY
• A UNIFIED FOREIGN AND SECURITY POLICY
• COMMON CITIZENSHIP RIGHTS

4. Member states
The European
Union (EU) has 27
member states:
Austria Belgium Bulgaria Croatia Cyprus Czech
RepublicDenmark Estonia Finland France Germany Greece Hungary
Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands
Poland Portugal Romania Slovakia Slovenia Spain Sweden

5. WHY?
• 1 VS BIG MARKET
• ECONOMIC
BULLY
• UNITED WE
STAND
• UNSCATTERED
POPULATION
• NO CURRENCY
EXCHANGE
• SAME MARKETS

6. On 24 February 2022, Russia invaded Ukraine
RUSSIA - UKRAINE WAR
On 24 February 2022, Russia invaded Ukraine
The EU had imposed
massive and
unprecedented sanctions
against Russia in response
to the war of aggression
against Ukraine

7. Sanctions by EU
Sanctions on Russia consists of
travel bans and asset freezes
• Travel bans prevent listed
individuals from entering or
transiting through EU territory, by
either land, air or sea.
• Asset freezes mean that all
accounts belonging to the listed
persons and entities in EU banks
are frozen.

8. Response of
Russia
• The Russia–EU gas dispute
flared up in March 2022.
• In June, Russia cut the flow of
gas by more than half.
• In July it stopped and resumed
it
• In September it stopped it
altogether.

9. Around a Quarter of Europe’s energy came from gas in 2020, more than nuclear, hydro, wind and solar combined

13. • Russia provided roughly
40 per cent of all
imported gas to the EU
prior to the invasion,
says the EUROPEAN
COMMISSION.

26. Nord Stream 1 is a 1,224 km underwater gas pipeline running
from Vyborg in northwest Russia to Lubmin in northeastern
Germany via the Baltic Sea. It was completed in 2011.

30. PROTESTS IN
GERMANY

41. Subsidies and Why it is needed
• Germany’s parliament voted to adopt the government’s proposal for a
€200 billion gas price relief fund
• Govt will bear the cost either directly or indirectly
• Loans to power companies
• Cost of power bills partly borne by the citizens and partly by the
government

42. Possibilities :
• Other countries will also try to
subsidize energy bills
• If there is inflation there will be
public disapproval and protests
and eventually a change in power
• Other countries can impose strict
import duty which goes against
the spirit of formation of EU

43. Possible
consequences:
But Germany is the
largest country in
EU...so it will affect
them less and others
more
EU can withdraw
its support from
Ukraine
Germany can back
down from subsidy

44. #OPINION
WHERE DID THE
EUROPEAN
UNION FAIL??

48. WHY GERMANY
AND EU SUFFERED

49. • Globalism is the way to enhance the trade relations
between any two countries

50. Problems with Globalism

51. Globalism vs Nationalism
• Globalism aims to eliminate global trade
barriers.
• Whereas nationalism aims to have one's
own country above that of others.

53. CASE OF BREXIT

58. LIFE LESSONS LEARNED
Don’t exchange convenience for sovereignty

59. LIFE LESSONS LEARNED
CO-OPERATION is needed not CONTROL

60. LIFE LESSONS LEARNED
Decentralistion of power is important

61. THANK YOU