WORSENING ENERGY CRISIS in EU and SOCIAL FRACTURES IN EU THROUGH PANDEMIC - ENERGY-WAR TRIANGLE

Abstract

The world continues to struggle with an intense and increasingly violent energy crisis centered on the EU and Asian markets. The stagnation that started with the pandemic process, the inadequacy faced with normalization steps and then the Russian-Ukrainian War take the global integration process to a completely different point. In an environment that has become even tenser with the break in value chains, shrinkage in insurance and logistics processes and new sanctions make nearly all liberal models that are based on globalization fall in a higher fragile situation. Furthermore, if they exhibit an intense foreign dependency in energy, their endurances become weaker. Therefore, we can easily understand that the EU draws attention as the biggest loser of the energy crisis in such a picture. In this study, the energy crisis in the EU and the pandemic-energy-war triangle are examined. Although its negative effects are observed all over the world, it can be seen that the EU has been dragged into a much deeper social anxiety and fear climate since the pandemic period.