ASYMMETRIC DEPENDENCE AND BARGAINING POWER IN SINO RUSSIAN ENERGY RELATIONS

Abstract

Considered from the realist perspective, strategic energy resources, which are among the elements of power, make cooperation possible for liberals. The concept of interdependence brings together two extreme theoretical approaches that locate strategic energy resources in different places. According to Keohane and Nye, the relations based on strategic energy resources should be considered within the scope of interdependence. In the context of the interdependence approach, Keohane and Nye explain this situation within the framework of sensitivity, vulnerability, and bargaining power. At this point, the concept of bargaining power is particularly important because the interdependence relationship based on energy has the potential to be manipulated at any time. Undoubtedly, the asymmetries between the parties are the basis of the manipulation. This also brings bargaining power to the fore. In the light of all these, the study analyses the effects of asymmetric interdependence in energy relations on bargaining power in the example of the Sino-Russian relations.