He’s really speaking about ‘The City of London’. Not London, the city, but The City of London.
‘Dirty money’ is one of Russia’s biggest weaknesses, they launder it in offshore and onshore financial centres, and the biggest of those onshore financial centres is the City of London, says @EdwardLucas
Watch the event: Western Approaches Towards Russia
https://www.chathamhouse.org/file/kremlin-spectrum-western-approaches-towards-russia …pic.twitter.com/2uZKtcETKT
Western Approaches Towards Russia
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So what he's saying basically is that countering Russia's money laundering is one of the things on a long laundry list? )
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It's only their "weakness" if the West go after this money determinately consistently and uniformly. If the West closes its eyes, or leaves loopholes, it's their strength.
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London bankers thrive on money laundering.
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