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

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

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

11:14 PM

Romania denies downing Russian drones over Ukraine.

Videos on social media that purport to show Romanian air defense units shooting down Russian attack drones above Ukraine are spreading a false narrative, Romania's Defense Ministry said in a statement on July 26.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
3:38 PM

Russian ex-deputy defense minister arrested on corruption charges.

In his previous position, former Russian Deputy Defense Minister Dmitry Bulgakov was in charge of the military's logistics chains during the full-scale invasion of Ukraine. His dismissal was widely seen as a response to the logistic failures that accompanied the early months of Russia's all-out war.
11:31 AM

Сeasefire would leave 25% of Ukraine under Russian control, ambassador says.

"Many countries have proposed the idea of a ceasefire, but no one thinks about what it means. Some 25% of Ukrainian territory would remain under Russian control, which means buying time for Russia to strengthen its capabilities and resume its attacks on Ukraine," Ambassador of Ukraine to Turkey Vasyl Bodnar said.
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
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.