Edward Lucas writes: Estonia, Latvia, and Lithuania have all had problems with their banks. […]The biggest beneficiary of all this is Russia. The Kremlin loathes the idea of its former colonies becoming economic or political success stories. So it uses money to attack them. The financial malpractice pays an immediate dividend in terms of successful money-laundering, but also a political one in terms of damaged reputations. Local banks, in short, are a far graver threat to national security than the enemy’s tanks. – European Policy Analysis Edward Lucas writes: It is time to drop the fiction that Russia and China are normal countries with which we can conduct normal diplomacy. They should be seen as rogue states, akin to North Korea or Iran. […]They are not interested in playing by the rules of the international system. They are interested in exploiting and abusing those rules for political ends. Once we realize that, we have a chance of defending ourselves—and our allies. – European Policy Analysis
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