For years, Eastern European governments and Turkey have bought into a global trend, arguing that long-term strategies in the energy sector should revolve around market deregulation.
In light of the coronavirus outbreak and emergency measures implemented worldwide to contain it, the energy industry may face an increase in interventionist policies such as price controls and consolidation of state-owned enterprises as governments push to mitigate the shockwaves of expected consumer impacts.
Such measures would be detrimental to economies, and there are compelling arguments to suggest that governments should remain committed to their initial market goals.
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Source:: Atlantic Council