RUSSIA'S ENERGY GEOSTRATEGY IN THE BALTIC SEA REGION

This article explores Russian energy policy in the Baltic Sea region in the context of the world energy market globalization. The study focuses on the three Baltic States Latvia, Lithuania, and Estonia - which have a similar geographical location and history. The dynamic development of the region as a whole is strongly influenced by the stability of energy supply in each state. The article analyses the role Russia plays in the energy policy of the region from both geopolitical and geostrategic viewpoints. The author identifies the main characteristics of the Russian energy policy in these countries, and provides with a forecast for energy policy development in the region. A geostrategic approach dictates any successful energy policy in the Baltic Sea region to bring in line Russian interests with those of the European states.