As a continuation on our series about Ukraine, we welcome Igor logvinenko, an associate professor of diplomacy and world affairs at Occidental College.

(01:14) - Igor’s background and his book, “Global Finance, Local Control: Corruption and Wealth in Contemporary Russia”

(06:51) - Russia’s historical corruption and current financial integration into world business.

(15:20) - The mark of change in a stabilised regime, British Petroleum existing Russian investments

(18:15) - The impact of current sanctions, freezing Russia’s Central Bank, action by private companies: Ikea

(25:07) - The use of targeted individual sanctions and asset seizures and their appropriateness as anticorruption tool. The Magnitsky Act (https://en.wikipedia.org/wiki/Magnitsky_Act)

(33:29) - The American financial system and the openness of western economies. Igor’s work with Casey Michel (listen to episode 66 of Kickback to hear from Casey)

(49:40) - Looking ahead: the offshore jurisdiction of the U.S., the fundamental structure o the global financial system, and structural changes driven by local populations