Ukraine war facilitates Kremlin ‘deoffshorization’ dream

{
  "authors": [
    "Alexandra Prokopenko"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace",
    "Carnegie Russia Eurasia Center"
  ],
  "collections": [],
  "englishNewsletterAll": "ctw",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Russia Eurasia Center",
  "programAffiliation": "russia",
  "programs": [
    "Russia and Eurasia"
  ],
  "projects": [],
  "regions": [
    "Russia"
  ],
  "topics": [
    "Economy"
  ]
}

In The Media

Carnegie Russia Eurasia Center

Ukraine war facilitates Kremlin ‘deoffshorization’ dream

The Kremlin’s plan is to bring all offshore Russian companies back home. Why are their Russian owners only too happy to comply?

By Alexandra Prokopenko

Published on Mar 8, 2024

The Bell

About the Author

Alexandra Prokopenko

Senior Fellow, Carnegie Russia Eurasia Center

Alexandra Prokopenko is a senior fellow at the Carnegie Russia Eurasia Center.

Recent Work

Paper
Loyal but Powerless: The Downgrading of Russia’s Elite
- Alexandra Prokopenko
Book
From Sovereigns to Servants. How the War Against Ukraine Reshaped Russia’s Elite
- Alexandra Prokopenko

Economy Russia

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie Europe

Commentary
Strategic Europe
Why Europe Must Take Charge of its Russia Diplomacy Now
Trump is distracted and Ukraine wants Europe to step up. The continent’s leaders must find their voice and assert it in talks with Russia.
Alissa de Carbonnel
Commentary
Strategic Europe
Why Russia Could Escalate Hybrid Warfare Against Europe
Mounting economic strain and battlefield losses will not necessarily make the Kremlin less dangerous. They could instead push Moscow toward a more aggressive hybrid campaign designed to test NATO’s Eastern flank, exploit allied hesitation, and fracture European resolve.
Maksym Beznosiuk
Commentary
How NATO Became Anchored in the Black Sea
As Russia's war on Ukraine drags on, NATO is expanding its footprint in the Black Sea. Turkey, Romania, and Bulgaria are upgrading their fleets and deepening trilateral cooperation.
Dimitar Bechev
Commentary
Strategic Europe
Why Europe Cannot Negotiate a New Yalta with Russia
While Russia is not ready to sue for peace on Europe’s terms, it could still either seek a ceasefire in Ukraine or try escalation. Brussels needs to prepare for both and prioritize that preparation over normative discussions.
Kadri Liik
Article
Managing Montreux: Turkey and the Russia-Ukraine War in the Black Sea
For ninety years, Turkey has been positioned as the principal gatekeeper of Black Sea security. As a result, European and NATO efforts to support Ukraine will require closer engagement with Ankara.
Thomas de Waal

More Work from Carnegie Europe

Commentary

Strategic Europe

Why Europe Must Take Charge of its Russia Diplomacy Now

Trump is distracted and Ukraine wants Europe to step up. The continent’s leaders must find their voice and assert it in talks with Russia.

Alissa de Carbonnel

Commentary

Strategic Europe

Why Russia Could Escalate Hybrid Warfare Against Europe

Mounting economic strain and battlefield losses will not necessarily make the Kremlin less dangerous. They could instead push Moscow toward a more aggressive hybrid campaign designed to test NATO’s Eastern flank, exploit allied hesitation, and fracture European resolve.

Maksym Beznosiuk

Commentary

How NATO Became Anchored in the Black Sea

As Russia's war on Ukraine drags on, NATO is expanding its footprint in the Black Sea. Turkey, Romania, and Bulgaria are upgrading their fleets and deepening trilateral cooperation.

Dimitar Bechev

Commentary

Strategic Europe

Why Europe Cannot Negotiate a New Yalta with Russia

While Russia is not ready to sue for peace on Europe’s terms, it could still either seek a ceasefire in Ukraine or try escalation. Brussels needs to prepare for both and prioritize that preparation over normative discussions.

Kadri Liik

Turkey ship Istanbul Bosporus Straits Black Sea

Article

Managing Montreux: Turkey and the Russia-Ukraine War in the Black Sea

For ninety years, Turkey has been positioned as the principal gatekeeper of Black Sea security. As a result, European and NATO efforts to support Ukraine will require closer engagement with Ankara.

Thomas de Waal