The Russian invasion of Ukraine and resulting Western sanctions imposed on Russia - a major energy resource exporter - inevitably raises political concerns about Energy security.
Energy trade is the Alpha of the global economy. Since the first industrial revolution, controlling energy supplies has been essential for economic development. History teaches us that once countries deplete their own primary (fossil) energy resources, they either have to find them elsewhere or enter financial difficulties. This has been the case with both wars or trade. The globalized world we are living in is structured around energy resources trade (oil, coal, gas…) between resource-rich countries (like Russia) and (post)-industrialized wealthy nations (like the European Union or Japan).