COVID-19 and the Politics of Russia and Saudi Arabia
Vol 7 No 3 (2021), Articles
Vol 7 No 3 (2021)

COVID-19 and the Politics of Russia and Saudi Arabia: Oli Prices and Security

Articles
https://doi.org/10.37105/sd.133
Published September 27, 2021
Bartosz Kozicki
Military University of Technology
https://orcid.org/0000-0001-6089-952X
Szymon Mitkow
Military University of Technology
https://orcid.org/0000-0003-2845-2589
Paweł Jaśkiewicz
Military University of Technology
https://orcid.org/0000-0002-8863-6948
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Keywords

oli prices
COVID-19

How to Cite

Kozicki, B., Mitkow, S., & Jaśkiewicz, P. (2021). COVID-19 and the Politics of Russia and Saudi Arabia. Safety & Defense, 7(3), 22-31. https://doi.org/10.37105/sd.133
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Abstract

The aim of the study is an attempt to examine the impact of oil prices on the politics of Russia and Saudi Arabia in terms of economic security. The research covers the period from 01.02.2000 to 10.03.2020. The study uses qualitative and quantitative methods to measure the effectiveness of Russia's influence in Saudi Arabia. The research began with a multidimensional comparative analysis and evaluation of data on the price of one barrel of crude oil in the world on a daily basis in the period 2000-2020 in terms of the impact of the COVID-19 pandemic and the politics of Russia and Saudi Arabia. The considered data obtained from the website www.eia.gov was grouped and specified in order to discover the regularities governing them. Then, advanced research tools were used to analyze and evaluate them dynamically in the form of categorized box-plot charts. The conclusion of the research is that low prices of crude oil per barrel over a long period of time may be a reason for the emergence of the global financial crisis. As a result, Russia suffers financial losses. Overcoming the crisis requires signing international agreements which are hampered due to the own interests of the leaders of world economies: the United States, China and Russia.

https://doi.org/10.37105/sd.133
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