Assessment of the economic relations between

In order to ascertain the validity of the hypothesis, the questions regarding the extent of the EU’s dependency on the Russian exports, the emergence of the need for diversification in energy imports of the EU, the role and significance of Azerbaijan in achieving this objective, the assessment of EU-Azerbaijani relations in the context of the Ukraine War and what the most plausible future trajecto. [...] 23 Protocol to the Partnership and Cooperation Agreement between the European Communities and their Member States, of the one part, and the Republic of Azerbaijan, of the other part, on a Framework Agreement between the European Union and the Republic of Azerbaijan on the general principles for the participation of the Republic of Azerbaijan in Union programmes (2015) EUR-Lex. [...] As highlighted in the Article 176 A of the Treaty of Lisbon amending the Treaty Establishing the European Union and the Treaty Establishing the European Community, in order to establish and function internal market and preserve and improve environment, the EU should ensure the functioning of the energy market, ensure security of energy supply in the Union and promote energy efficiency and energy s. [...] Considering the substantial water and wind resources in the liberated territories, following the victory in the Second Karabakh War, Azerbaijan’s renewable energy resources increased significantly.53 As highlighted in the Article 55 of the 1994 Partnership and Cooperation Agreement between the EU and Azerbaijan, the cooperation of the respective parties in the energy field include development of h. [...] The role of Renewable Energy in EU-Azerbaijan Trade Post-Ukraine War The second Memorandum of Understanding in the field of energy signed between the EU and Azerbaijan after the outbreak of the Ukraine War highlights the potential of Azerbaijan to explore renewable energy sources.