New horizons of the EU S economic security policy
Abstract
Importance: subject: prerequisites and dynamics of changes in the economic policy of the European Union as a response to the crisis in the field of economic security. To protect economic security, it may be necessary to reorganize trade and foreign direct investment, both among the member States of the European Union and with investments from other countries and regional unions, taking into account the changing geopolitical landscape. Purpose: to analyze the policy of the European Union in the field of economic security. Research design: the analysis of EU economic security strategies was carried out: maintaining strategic reserves; increasing domestic production; expanding production capacities in third countries. It is shown that geo-economic fragmentation is also a significant economic risk factor for EU countries in the modern world. The strengthening and development of production potential for environmentally friendly industries and the creation of qualified, wellpaid and promising jobs are analyzed from the point of view of ensuring the prospects for the development of a «green» economy. Results: it is shown that efforts to diversify the supply of minerals will be required to increase the sustainability of the EU economy, however, since the most important raw materials are characterized by a high geographical concentration, diversification is often difficult. Through its actions aimed at ensuring strategic autonomy in the semiconductor sector, the existing data management system and compliance with equipment cybersecurity requirements, the EU strives to ensure economic security by reducing risks and reducing external dependence, paying particular attention to the physical location of mining, production and use facilities critical to the EU economy.
Downloads
References
2. Дизен Г. Геоэкономическая мощь Европы: расцвет и упадок Евросоюза // Современная мировая экономика, 2023, no. 1, c. 15-23.
3. Дрыночкин А.В., Сергеев Е.А. Европейский союз: новые тенденции участия в процессах глобализации. Москва, Аспект Пресс, 2023. 192 c.
4. Зуев В.Н., Островская Е.Я., Гильманова Д.Р. Дилемма допуска прямых иностранных инвестиций в политике ЕС и США: обеспечение притока капитала и/ или усиление контроля стратегических активов? // Контуры глобальных трансформаций: политика, экономика, право, 2022, no. 6, c. 88-109.
5. Кавешников Н.Ю. «Зеленый курс» как триггер углубления интеграции в Европейском союзе // Мировая экономика и международные отношения, 2024, no. 6, c. 93-107.
6. Пыхов П.А. Экономическая безопасность России и ее регионов в современных условиях // Современная экономика: проблемы и решения, 2024, no. 12, c. 102-113.
7. Сергеев Е.А. Трансформация внешнеэкономической политики Европейского союза в контексте открытой стратегической автономии // Современная мировая экономика, 2024, no. 2, c. 24-40.
8. Сергеев Е.А., Сорока К.В. ЕС как торговая сила: настройка инструментов внешнеэкономической политики в современных условиях // Современная Европа, 2024, no. 4, c. 71-83.
9. Сидорова Е.А., Сидоров А.А. Стратегическая автономия Европейского союза в экономике: концепция и проблемы реализации // Международные процессы, 2023, no. 3, c. 119-142.
10. Ghazanfari A. The Impact of the COVID-19 Pandemic and Crude Oil Price Crisis on the Price of Automobile Fuels // European Countries, 2020, no. 2, pp. 127- 137.
11. Cui L. The European energy crisis of 2022 in the context of increasing sanctions pressure on the Russian federation: Analysis of economic losses and scenarios // European Chronicle, 2022, no. 7, pp. 19- 29.
12. Decker V. Navigating the EU-China critical mineral conundrum. EU–China relations at a crossroads, Vol. III: Business unusual, 2024, pp. 32-36.
13. Farrand B., Carrapico H. Digital sovereignty and taking back control: from regulatory capitalism to regulatory mercantilism in EU cybersecurity // European Security, 2022, no. 3, pp. 35-53.
14. Maksymovych R. International Legal Aspects of Foreign Policy: Balancing Social Welfare and Strategic Interests in Diverse State Models // Journal of Information Systems Engineering and Management, 2025, no. 1, pp. 78-93.
15. Massetti E., Exadaktylos T. From Crisis to Crisis: The EU in between the Covid, Energy and Inflation Crises (and War) // JCMS: Journal of Common Market Studies, 2022, no. 1, pp. 5-11.
16. Misík M. The EU needs to improve its external energy security // Energy Policy, 2022, no. 1, pp. 112-130.
17. Rokicki T., Borawski P., Szeberenyi A. The Impact of the 2020–2022 Crises on EU Countries’ Independence from Energy Imports, particularly from Russia // Energies, 2023, no. 10, pp. 66-79.
18. Streimikiene D., Siksnelyte-Butkiene I., Lekavicius V. Energy Diversification and Security in the EU: Comparative Assessment in Different EU Regions // Economies, 2023, no. 11, pp. 3-21.
19. Tesfu E.I. The EU's Energy Crisis: Shifting from Fossil Fuels to Renewable Solutions Amid Geopolitical Tensions. Int. j. adv. multidisc. res. Stud, 2024, no. 4, pp. 608-613.
