Russia is waging a war against the free world

The Kremlin has developed a pattern of malign influence across Europe. It does so through the cultivation of “an opaque network of patronage across the region that it uses to influence and direct decision-making.” 4 This network of political and economic connections—an “unvirtuous” cycle of influence—thrives on corruption and the exploitation of governance gaps in key markets and institutions. Ultimately, the aim is to weaken and destroy democratic systems from within.

There has been a visible political awakening to the national security threat posed by this widespread and insidious Russian malign influence since 2016. From the Countering America’s Adversaries Through Sanctions Act of 2017 to strengthened anti-money laundering rules in the European Union, the transatlantic community has taken some steps to address this threat. But to truly eradicate this threat, Western democracies must acknowledge their enablement of malign economic influence and uproot it from their financial systems.

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