Structural Transformation of the European Energy Market: Macroeconomic Implications for Russia
The article explores the impact of the change in competitive conditions on the European energy market on the macroeconomic situation in the Russian Federation. The influence of the European sustainable economic development strategy, Europe 2020: a strategy for smart, sustainable and inclusive growth on increasing energy efficiency of the European economy is evaluated. Forecasts of possible changes in the macroeconomic situation in Russia in case of a drop in energy prices are analyzed. Possible amendments to macroeconomic policy are considered.