Event Reminder: Join Hannah Thoburn, Brian Whitmore, and Angela Stent to discuss Consolidation and Control: Power Shifts in Putin’s Kremlin at 10:00 am tomorrow at Hudson Institute.
News
- Igor Sechin and Rosneft have won a Kremlin struggle to acquire a controlling stake in Bashneft. (Bloomberg)
- Serbia has made Gennady Timchenko (Vladimir Putin’s longtime ally and former judo partner) honorary consul-general at its consulate in St. Petersburg. (bne IntelliNews)
- In China, the former chief of Wukan village recanted his controversial bribery confession after receiving a heavy sentence anyway. (SCMP)
- Sonalia Bank, Bangladesh’s state lender, has been fined 3.3 million for inadequate money laundering safeguards by the UK’s financial regulator. (Telegraph)
- Swiss prosecutors have launched criminal proceedings against Falcon Private Bank for alleged money laundering in the 1MDB scandal. (SCMP)
- Ireland’s finance minister has pledged to criminalize failure to disclose assets held in offshore accounts. (Irish Times)
Features
- Karina Orlova analyzes Sechin’s Rosneft-Bashneft deal. (American Interest)
- Wojciech Konończuk looks at Ukraine’s omnipresent oligarchs. (Carnegie)
- A new CSIS report, “The Kremlin Playbook,” examines Russia’s concerted efforts to undermine Western influence in Central and Eastern Europe. Watch the launch event live this morning.
- Is Chinese investment in Africa undermining the fight against corruption? (The Hill)
Events
- 10/19: Join KI, the Lithuanian ambassador, and a distinguished panel to discuss The Threat of Kleptocracy: States Bordering the Russian Federation.
- 10/20: Journalist Ben Judah and KI will launch a major new report, The Kleptocracy Curse: Rethinking Containment.
