The International Risk Podcast Episode 304: Debt as Leverage: Sovereign Lending and Geopolitical Influence with Dr Lev Breydo
*This episode was recorded in October 2025*
This episode with Dr Lev Breydo explores how sovereign debt has evolved into a strategic instrument of power in an era of heightened geopolitical risk. We examine how credit markets, financial infrastructure, and legal design now shape state behaviour, constrain autonomy, and function as tools of coercion below the threshold of open conflict. The discussion looks at political default, sanctions, and the weaponisation of finance, alongside record global debt levels and the growing risks facing emerging and frontier economies. We also unpack the role of the United States at the centre of the global credit system, and how domestic fiscal politics can generate international instability. Finally, the episode considers how artificial intelligence and digital finance may reshape sovereign risk, transparency, and future fault lines in the global financial order.
Dr Breydo is a scholar of law, finance, and technology whose research focuses on sovereign debt markets, financial institutions, digital assets, and artificial intelligence. His work examines how legal frameworks and market structures shape power, risk, and governance in the international system, with particular attention to debt distress, sanctions, and the strategic use of financial infrastructure. He engages regularly with policymakers, academics, and market participants on issues at the intersection of geopolitics, financial stability, and emerging technologies.
The International Risk Podcast brings you conversations with global experts, frontline practitioners, and senior decision-makers who are shaping how we understand and respond to international risk. From geopolitical volatility and organised crime, to cybersecurity threats and hybrid warfare, each episode explores the forces transforming our world and what smart leaders must do to navigate them. Whether you’re a board member, policymaker, or risk professional, The International Risk Podcast delivers actionable insights, sharp analysis, and real-world stories that matter.
The International Risk Podcast is sponsored by Conducttr, a realistic crisis exercise platform. Conducttr offers crisis exercising software for corporates, consultants, humanitarian, and defence & security clients. Visit Conducttr to learn more.
Dominic Bowen is the host of The International Risk Podcast and Europe’s leading expert on international risk and crisis management. As Head of Strategic Advisory and Partner at one of Europe’s leading risk management consulting firms, Dominic advises CEOs, boards, and senior executives across the continent on how to prepare for uncertainty and act with intent. He has spent decades working in war zones, advising multinational companies, and supporting Europe’s business leaders. Dominic is the go-to business advisor for leaders navigating risk, crisis, and strategy; trusted for his clarity, calmness under pressure, and ability to turn volatility into competitive advantage. Dominic equips today’s business leaders with the insight and confidence to lead through disruption and deliver sustained strategic advantage.
The International Risk Podcast – Reducing risk by increasing knowledge.
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