06
June 2024
Past Event
Strategic Corruption, State Capture, and Sanctions Enforcement in Europe

Event will also air live on this page.

 

Inquiries: daltman@hudson.org

Strategic Corruption, State Capture, and Sanctions Enforcement in Europe

Past Event
Hudson Institute
June 06, 2024
Russian President Vladimir Putin speaks during the plenary session of Russian Energy Week 2022 on October 12, 2022, in Moscow, Russia. (Getty Images)
Caption
Russian President Vladimir Putin speaks during the plenary session of Russian Energy Week 2022 on October 12, 2022, in Moscow, Russia. (Getty Images)
06
June 2024
Past Event

Event will also air live on this page.

 

Inquiries: daltman@hudson.org

Speakers:
nate_sibley
Nate Sibley

Fellow and Director, Kleptocracy Initiative

Ruslan Stefanov
Ruslan Stefanov

Program Director and Chief Economist, Center for the Study of Democracy

Martin Vladimirov
Martin Vladimirov

Director, Energy and Climate Program, Center for the Study of Democracy

Dragan Koprivica
Dragan Koprivica

Executive Director, Center for Democratic Transition, Montenegro

Shentov
Ognian Shentov

Chairman, Center for the Study of Democracy

Moderator:
matthew_boyse
Matthew Boyse

Senior Fellow, Center on Europe and Eurasia

 

Listen to Event Audio

Russia continues to export vast amounts of gas and oil to Europe while importing military goods and mission critical hardware to fuel its war against Ukraine. Some of Moscow’s most notorious strategic corruption projects, NordStream and TurkStream, and their related state capture networks continue to operate despite more than a dozen rounds of sanctions imposed by the European Union and Group of Seven. 

Russia’s “no-limits” partnership with China, Europe’s lack of robust common sanctions enforcement, the patchwork of improperly integrated anti–money laundering and criminal prosecution frameworks, and governments and other stakeholders that continue to enable Russia by seeking gains from transactional diplomacy have all emboldened Moscow’s strategic corruption efforts. This has negatively affected the EU and the North Atlantic Treaty Organization’s geopolitical and geoeconomic standing, particularly in frontier regions like the Black Sea and the Balkans.

Much like it relies on the American defense sector, Europe still relies on the United States to implement effective economic security policies. The EU should accelerate the development of its common institutions for sanctions enforcement and other economic security measures, prioritizing decoupling from Russia’s oil and gas networks. The US can aid this process by continuing to intervene more assertively in high-profile cases and by providing capacity-building support and cooperation.

To discuss how to dismantle Russia’s state capture networks in Europe, Hudson will host a panel with Kleptocracy Initiative Fellow Nate Sibley, Center for the Study of Democracy (CSD) Program Director and Chief Economist Ruslan Stefanov, CSD Energy and Climate Program Director Martin Vladimirov, and Dragan Koprivica, executive director of the Center for Democratic Transition, Montenegro.

Senior Fellow Matt Boyse and CSD Chairman Ognian Shentov will deliver opening remarks.

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