This month, 1,000 people chose to support the Kyiv Independent. Can we count on you, too?
Become a member
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.

Let’s see how far we can go?
We’ve been amazed by your support. We’ve reached our initial goal of finding 1,000 new paying members. We still have till the end of our birthday campaign — with more support, we can do even more good journalism. Over 13,000 people are standing behind us. Can we count on you, too?
Show us support this birthday month
Become a member
visa masterCard americanExpress

News Feed

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.