
Russian Roulette Transnational Corruption in Foreign Policy Today
Mar 20, 2026
Daniel Nexon, Georgetown professor of international relations, and Alexander Cooley, Barnard scholar of post‑Soviet politics and kleptocracy, discuss how authoritarian regimes use transnational corruption as statecraft. They trace global kleptocratic networks, sanctions evasion, shifts in U.S. enforcement, and the roles of crypto and de‑dollarization. Short, sharp takes on geopolitical strategy and corrupt influence.
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How Oligarchs Turn Bad Money Into Safe Wealth
- Wealthy individuals from corrupt regimes protect assets by moving them to rule-of-law hubs and hiding ownership through layered shell companies.
- Alexander Cooley points to London, New York and the Panama Papers as examples of legal-but-concealing mechanisms and reputation laundering like buying football clubs.
How Globalization Enabled Kleptocratic Influence
- The convergence wager that economic liberalization would produce political liberalization underestimated how capital mobility enabled kleptocrats to exploit open markets.
- Daniel Nexon and Alexander Cooley argue liberal rules created channels for money laundering and political influence in Western democracies.
Policy Shifts Weakened Anti‑Corruption Defenses
- U.S. policy shifted: earlier strategies framed China/Russia as strategically corrupt, while later moves weakened enforcement of anti-corruption laws and transparency measures.
- Cooley notes freezes and narrowing of FCPA enforcement and delays to the Corporate Transparency Act changed the institutional environment.


