PSSI held a closed-door 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 organized as part of PSSI's Economic and Financial Threat Program and 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:

  • Artūras Petkus, Head of Strategic Analysis and Research Division, NATO Energy Security Centre of Excellence
  • Maksym Bugriy, Research Fellow at Razumkov Centre and non-resident analyst with the Jamestown Foundation
  • Oleksandr Sukhodolia, Head of Energy Security Department at the National Institute of Strategic Studies (NISS), Ukraine
  • Edward Christie, Defence Economist, NATO's Emerging Security Challenges Division

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