This article describes and presents the issue of energy policy pursued by the Russian Federation, with particular emphasis on the role of the Nord Stream II gas pipeline in this policy. The article focuses on both theoretical and practical and assumptions of energy policy - especially in the context of its implementation by the Russian Federation and taking into account the Russian potential of energy resources. The concept of Nord Stream II gas pipeline was presented and analyzed simultaneously from the point of view of potential threats and risks associated with its construction, as well as from the point of view of consequences for its beneficiaries.