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The Wagner Group’s Route to Infamy

by Index Investing News
March 2, 2023
in World
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BOTTOM LINE UP FRONT:  The privately-owned Russian soldier-for-hire group known as the Wagner Group once operated in the shadows but in the past year, it has become an important part of Russia’s war machine in Ukraine. The group’s leader Yevgeny Prigozhin is a trusted Kremlin ally but recent comments criticizing Russian defense ministry officials are raising questions about just how much influence the group and it’s owner, actually wield.

Russia’s war in Ukraine has added to the notoriety and mystique of this private military company (PMC).  Recently, though, long-simmering tensions between Wagner and Russia’s mainline military have erupted into the open.  In an audio message published by his own press service, Prigozhin took Russian military officials to task for withholding weapons and ammunition that he says are desperately needed by Wagner forces on the battlefield.

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