Economic and Financial Threat Program
PSSI held a roundtable on Russia's oil-and gas-driven militarization of Crimea and the Black Sea
On November 11, PSSI organized a closed-door roundtable on Russia's oil-and gas-driven militarization of Crimea and the Black Sea. Since July, Russia has been moving expropriated Ukrainian drill rigs and other energy infrastructure under armed guard into Crimean waters (now claimed by Russia), a Ukrainian Exclusive Economic Zone (EEZ) extending out 370 kilometers into the Black Sea.
Ever since the annexation, Russia has also moved swiftly to consolidate its strategic and maritime leverage over the Black Sea region with a substantial build-up of military capabilities.
Prior to this, preliminary exploratory drilling indicated that Crimea's offshore oil and gas reserves may rival those of the original North Sea discovery and be valued at as much as $1 trillion or more.
This roundtable was designed to conduct a deeper drill into this often-overlooked energy dimension of Russia's hybrid warfare in Ukraine and the region.
Among the speakers were:
PSSI convened a closed roundtable discussion on the Economic and Financial (E&F) Threat Domain
On May 16, PSSI convened a closed roundtable discussion on the Economic and Financial (E&F) Threat Domain, which sought to demonstrate how subtle forms of economic warfare are taking place under the guise of legal, benign commercial transactions and projects. This gathering intended to improve allied situational awareness and "early warning" capability.
Traditionally, the security dimensions associated with the international trading and financial systems have focused on sanctions policy, interdicting illicit financial flows, technology theft, commercially-motivated hacking, smuggling and curtailing the revenue streams of adversaries. While these remain important, valid undertakings that warrant high-level policy attention, there is a new theater of operation being employed by large potential adversaries at the top of the so-called global "threat finance" food chain.
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