On Oct 5, Hudson Institute's Kleptocracy Initiative held a discussion on safeguarding the European banking system against illicit financial flows from Russia and the former Soviet Union.

Countering Russian Money Laundering: Lessons from Latvia

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As Russia scores localized gains on land, Ukrainian forces have achieved major successes in the Black Sea Region (BSR). The Ukrainians have sunk or damaged some one-third of the Black Sea Fleet, forced Moscow to move naval assets away from occupied Crimea, and put Russia on the defensive. These successes challenge the narrative that Russia’s war against Ukraine is a stalemate and demonstrate Ukraine’s determination to preserve its identity, sovereignty, and independence.

Ukraine’s gains are real and strategically significant, but the Battle for the Black Sea is not over. Major Russian land, sea, and air assets remain in Crimea and in the BSR, and Moscow is using them to continue its quest to subordinate Ukraine. The war will be won or lost on land and in the air.

If Russia wins or ends the war on its terms, the interests of all Black Sea littoral states will be negatively affected. But so too will those of the United States, Europe, and the West more broadly. The US has a major interest in a free and open Black Sea and a peaceful, stable, and prosperous BSR.

Join Hudson for an event to present the results of an in-depth study written by a US–Romanian–Ukrainian team: Hudson Senior Fellow Matt Boyse, New Strategy Center CEO George Scutaru, New Strategy Center Senior Fellow Dr. Antonia Colibasanu, and New Geopolitics Research Network Director Mykhailo Samus.

The Battle for the Black Sea Is Not Over

Hudson is delighted to welcome Czech Prime Minister Petr Fiala for a major policy address on the future of the transatlantic alliance.

Since assuming office in November 2021, Fiala has placed transatlantic cooperation at the heart of the Czech Republic’s foreign policy and marshalled crucial support for Ukraine in its hour of need.

As Fiala put it in October 2022, “Ukraine’s fight is our fight too. The Czech Republic’s fight, the European Union’s fight, the whole of Europe’s fight. Our own geopolitical prospects depend on the outcome of this war.”

Under Fiala’s leadership, Czechia is modernizing its military and increasing its defense budget. It has launched an initiative to repair and upgrade Ukrainian armor on Czech soil and hosts the third-most Ukrainian refugees in Europe. Most recently, and to much acclaim, the Czech Republic has spearheaded an initiative to source ammunition for Ukrainian forces from stockpiles across the globe. 

Join Hudson to hear Prime Minister Fiala’s understanding of the current moment and a Czech prescription for transatlantic relations in turbulent times.

Countering Russian Money Laundering: Lessons from Latvia

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