Newsdeck

GOLD MINING IN AFRICA

US imposes new sanctions on Wagner Group days after mutiny

A serviceman from private military company (PMC) Wagner Group on a tank blocks a street in Rostov-on-Don, southern Russia, 24 June 2023. (Photo: EPA-EFE / STR)

The US announced new sanctions targeting the Wagner Group’s gold mining activities in Africa as part of a bid to hamper the mercenary group’s ability to fund itself, days after it mounted a mutiny against President Vladimir Putin’s forces.

The sanctions targeted Midas Ressources, a mining company in Central African Republic affiliated with Wagner leader Yevgeny Prigozhin, the Treasury Department said. Also targeted was Diamville, a gold and diamond purchasing company controlled by Prigozhin, Treasury said.

Tuesday’s action was the latest in a string of sanctions imposed on the Wagner Group and Prigozhin by the US and its allies in recent years. A person familiar with the US stance, who asked not to be identified discussing internal deliberations, said the action had been planned well before Prigozhin’s forces launched the mutiny over the weekend. The US has sought to avoid taking sides in the conflict between the Kremlin and the mercenary chief.

Two other companies and a Russian national identified as a Wagner Group executive were also targeted Tuesday.

“Treasury’s sanctions disrupt key actors in the Wagner Group’s financial network and international structure,” Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson said in a statement.

Gallery

Comments - Please in order to comment.

Please peer review 3 community comments before your comment can be posted

A South African Hero: You

There’s a 99.8% chance that this isn’t for you. Only 0.2% of our readers have responded to this call for action.

Those 0.2% of our readers are our hidden heroes, who are fuelling our work and impacting the lives of every South African in doing so. They’re the people who contribute to keep Daily Maverick free for all, including you.

The equation is quite simple: the more members we have, the more reporting and investigations we can do, and the greater the impact on the country.

Be part of that 0.2%. Be a Maverick. Be a Maverick Insider.

Support Daily Maverick→
Payment options