The problem of applying economic instruments of risk management in the gas industry taking into account the influence of sanctions

The purpose of the study is to reveal and suggest the problem of insufficiently effective use of economic risk management instruments in the gas industry due to their low adaptability to various conditions and sanctions in particular. The article examines the main problem that hinders the effectiveness of using economic risk management instruments in the gas sector. Particular attention is focused on the description of each element and the impact of the identified problem on the business processes of gas companies with the result of the impact. The scientific novelty lies in identifying the key problem that hinders the effective use of economic risk management instruments in the gas industry, distributing it into general and structural components, as well as identifying the relationship between its impact and the business processes of the companies under study. As a result, key difficulties and risks were identified in the context of using economic risk management instruments in gas companies, and the relationship between them and key business processes was given.