Social and Legal Studios

Abstract

The energy component of the country’s economic security is extremely important, as it influences the level of economic development. The purpose of this paper is to identify factors influencing the energy component of Ukraine’s economic security in the context of European integration, to analyze trends in financing the energy sector, and to find ways to improve it in Ukraine. Authors used such methods of research as: structural-dynamic analysis, methods of grouping and systematization, graphic. A sound and well-grounded management of energy activities will allow solving a range of socio-economic tasks and create favorable conditions for reforming the economy, restructuring it and achieving the acceptable level of energy security. It is the management of energy security that should become a key element, the effectiveness of which will depend on the development of the economy as a whole, the activation of entrepreneurship, the development of society, etc. The conducted studies allow us to conclude that Ukraine has a significant level of energy danger. The threat to it is an increase in the depreciation of fixed assets, inefficient use of energy resources, lack of market pricing, etc. The energy component of Ukraine’s economic security needs to be improved by diversifying types of energy resources, as well as their suppliers. This paper analyzes the problems of financial provision of the energy component of economic security of Ukraine. Authors explored the energy component of Ukraine’s economic security under the conditions of European integration. The main factors influencing the level of energy, economic security of Ukraine in the conditions of European integration are analyzed. This study also presents trends, structure and dynamics of investments into the energy sector of the world economy, as well as main investment scenarios. The ways of investment optimization in power engineering of Ukraine in the conditions of European integration are offered

Keywords: energy security, economic security, eurointegration

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