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  1. 1 Safety & Defense

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  1. 1 Jaśkiewicz P.

  2. 1 Kozicki B.

  3. 1 Mitkow S.

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  1. 1 2021

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

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Kozicki B., Mitkow S., Jaśkiewicz P.
Safety & Defense
|
2021
|
vol. 3
22-31
EN
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. This research covers the period from February 1, 2000 to March 10, 2020. This 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.
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