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The Impact of the Oil Price Decline on the Soviet Union and Eastern Europe

Jan Vanous

Year: 1983
Volume: Volume 4
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol4-No3-2
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Abstract:
The effects on the Soviet Union and Eastern Europe of the decline in the world market price of oil (and the subsequent likely decline in international prices of natural gas and coal) can be divided into three groups: direct, or first-round effects-the impact of the decline in net hard-currency export revenue/net import outlays for oil and other types of energy;"spillover" effects-the impact of potential Soviet cutback in the quantity of energy sold to Eastern Europe for nonconvertible rubles and at preferential prices; indirect, or secondary effects-the impact of oil price cuts on world market interest rates and thus the cost of debt servicing; the impact on Western economic recovery and thus the demand for imports from the Eastern bloc, and so on.



Political and Economic Changes in the USSR: Energy Implications

Alexander A. Arbatov

Year: 1991
Volume: Volume 12
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No3-1
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Abstract:
The Soviet Union has played an important role in the European energy scene for more than two decades. The USSR is the largest oil and natural gas producer in the world and the largest coal producer in Europe. The USSR is also one of the largest oil and gas exporters. The main part of Soviet oil and gas is directed to Europe. Despite the drop of oil production and exports during the last two years the USSR still remains a significant oil supplier and the largest supplier of natural gas to Europe (see tables 1 and 2).



Environmental Issues in the Future Development of the USSR Energy Systems

V. M. Yudin and O.K. Makarov

Year: 1991
Volume: Volume 12
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No3-2
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Abstract:
With today's scientific and technological breakthroughs, the wellbeing of any society is strongly dependent on the scale of its provision of energy resources and on the state of its environment. These issues, both currently and in the long run, have become the most urgent ones demanding a joint endeavour from all the countries on the globe.







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