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War and the Geoeconomics of the Russian Natural Gas Industry: A Global Value Chain (GVC) Perspective

  • Analyses & Alternatives
  • Abbr : A&A
  • 2026, 10(2), pp.163~184
  • DOI : 10.22931/aanda.2026.10.2.006
  • Publisher : Korea Consensus Institute
  • Research Area : Social Science > Social Science in general
  • Received : May 21, 2026
  • Accepted : June 15, 2026
  • Published : June 30, 2026

Juyoung Ko 1

1한국외국어대학교 국제지역연구센터

Accredited

ABSTRACT

This study examines how Russia’s natural gas industry has been used as a geoeconomic tool before and after the outbreak of the Ukraine war from a Global Value Chain (GVC) perspective. It argues that the industry previously functioned as an instrument for advancing Russia’s geopolitical interests in relation to neighboring countries. However, following the imposition of sanctions, Russia has shifted from an active geoeconomic actor to a passive target of geoeconomic coercion, thereby weakening the geoeconomic effectiveness of its natural gas industry. This shift is driven by qualitative changes in the GVC, including intensified competition among gas exporters and the declining role of natural gas due to the global energy transition. These developments suggest that the geoeconomic effectiveness of Russia’s natural gas industry is contingent and reversible. For example, the rise in energy prices resulting from the conflict involving Iran has contributed to some extent to the recovery of its geoeconomic effectiveness. Additionally, the easing of economic sanctions following the end of the Ukraine war may restore its geoeconomic effectiveness.

Citation status

* References for papers published after 2025 are currently being built.

This paper was written with support from the National Research Foundation of Korea.