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Significance

The report exposed the magnitude of the United Kingdom’s vulnerability to Russian political meddling, disinformation and financial influence in the City of London.

Impacts

Moscow may feel obliged to retaliate, perhaps by unmasking a real or alleged UK intelligence operation.

The UK intelligence community will leverage the report for an increase in the Single Intelligence Account budget.

Suggestions that Moscow sought to meddle in the 2014 Scottish independence referendum will be used to mobilise those against independence.

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