The Relationship of the Russia-Ukraine War with Environmental and Financial Factors in the Energy Market: Evidence from the EU

Authors : Mehmet Güneş, Neriman Yalcin

Pages : 1038-1049

Doi:10.36362/gumus.1499351

View : 118 | Download : 118

Publication Date : 2024-10-08

Article Type : Research Paper

Abstract :The Russia-Ukraine war caused great fluctuations in global markets and left the whole world, especially the European Union countries, facing an energy crisis. The fact that the highest energy consumption in the world is carried out by the European Union countries and the dependence of the European Union countries on Russia is the most important reason for the study to be conducted on energy companies in the European Union. In this study, the environmental and financial factors of businesses during and after the Russia-Ukraine war were examined and an evaluation was made about the energy companies in the EU, which were most affected by the war due to their proximity to the two warring countries and intense commercial relations. In addition, the study concluded that the Russia-Ukraine war caused a two-way change in company performance in terms of environmental and financial factors. This result stems from the difference in the reactions of the companies in the sample to the war situation, legal regulations, energy market conditions, culture and transparency of the countries in which they operate.
Keywords : Rusya Ukrayna savaşı, finansal performans, sürdürülebilirlik, enerji sektörü