The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

Politico: Wagner Group capable of gaining $1 billion from mining projects in Africa to finance war in Ukraine

by The Kyiv Independent news desk January 20, 2023 1:10 PM 1 min read
This audio is created with AI assistance

Over the past year, the Wagner Group has expanded its reach in the Central African Republic.

The mining profits are likely to be used by the group to obtain weapons and finance mercenaries participating in the war, Politico reported.

Politico writes that Kremlin-controlled militants have "eight production zones in various stages of development."

According to the publication, U.S. officials have warned allies for years that the Wagner Group has been using mining profits to help finance the Russian state.

In 2018, Wagner commenced mining operations in the Central African Republic. Profits from mineral extraction can reach up to one billion dollars a year, forming an additional channel for financing Russia’s war against Ukraine, Politico writes.

On Jan. 15, President's Office Advisor Mykhailo Podolyak said that 77% of Wagner recruiters had been killed or captured by the Ukrainian forces since Russia began a full-scale war against Ukraine in February.

News Feed

5:27 PM

Navigating the world of Trump and Musk's lies.

Just a few years ago, the biggest purveyors of disinformation on the internet were bots, conspiracy theorists and Russian propaganda outlets. Today the world is a very different place and two of the most prominent sources of lies and mistruths are the President of the United States, Donald Trump, and the world’s richest man, Elon Musk. The Kyiv Independent’s Chris York sits down with Eliot Higgins, founder and creative director of the investigative outlet Bellingcat, to discuss how we arrived at this point and what can be done about it.
12:36 PM

US officially closes 83% of USAID programs.

The U.S. has officially canceled 83% of U.S. Agency for International Development (USAID) programs, with the roughly 1,000 remaining contracts to be administered by the State Department, Secretary of State Marco Rubio said on March 10.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.