ECONOMIC LESSONS OF THE GERMAN GOVERNMENT IN OVERCOMING THE ENERGY CRISIS AND BLACKMAIL UNDER CONDITIONS OF ANTI-COMPETITIVE STRUGGLES OF SUPPLIERS

Abstract

This article analyzes the energy crisis in Germany caused by the destructive behavior of Russian gas suppliers. The crisis resulted in the loss of the German gas market and damage to the Nord Stream pipelines. However, the decision to abandon Russian gas had a positive impact on gas prices in European exchanges. The German government implemented several measures to overcome the crisis, including financial assistance and diversification of gas suppliers. Emphasis was also placed on the use of renewable energy sources and energy-efficient technologies. These measures helped reduce the financial burden on the economy and energy consumers. Additionally, the German government provided significant support to Ukraine, both in humanitarian aid and military assistance, including financial aid and provision of heavy equipment. The importance of speed and efficiency in government actions during the crisis is highlighted, underscoring the need for swift implementation of reforms and project realization. Analysis is conducted on leveraging the crisis to accelerate the energy transition and achieve climate neutrality ahead of the planned timelines. Overall, a review of the energy crisis in Germany is provided, demonstrating how the government effectively dealt with the situation through the adoption of efficient measures and the utilization of opportunities for developing a sustainable energy sector. The crisis acted as a catalyst for rapid strengthening of the domestic energy market, fostering source diversification and supporting renewable energy. The energy crisis in Germany posed significant challenges for the country; however, the government efficiently addressed them by implementing strategic measures. This enabled the provision of stable energy supplies for citizens and businesses, reducing the financial burden on the population, and stimulating the transition towards a sustainable energy future. The analysis also underscores the importance of international cooperation and solidarity in addressing energy challenges. Support for Ukraine during this period plays a significant role in expanding assistance and diplomatic backing, which is a crucial factor in stabilizing regional security.