Years of Western measures have not stopped the hundreds of millions arriving in business from companies in the Middle East and Africa.
Founder of the Russian PMC Wagner Yevgeny Prigozhin has received more than $250 million from oil, gas, diamonds, gold mining in the Middle East and Africa over the past four years, despite sanctions. This was reported on February 21 by the Financial Times.
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It is known that the businessman was first placed on the US sanctions list in December 2016, and in 2021 he was placed on the FBI wanted list.
However, according to the FT, years of Western restrictions have not stopped hundreds of millions coming to him from mercenaries in countries such as Sudan and Syria. PMC Wagner accused of human rights abuses, including murder, torture and rape, in nearly every country where he worked.
In 2018, the US government sanctioned Evro Polis, a company controlled by Prigozhin that received energy concessions from Syrian President Bashar al-Assad in exchange for mercenaries. Wagner liberated the oil fields from ISIS.
Evro Polis’ reporting shows that the sanctions have had a limited impact on its operations, with the company continuing to generate $134 million in sales in 2020 and net income of $90 million.
As the newspaper wrote, the income from Prigozhin’s other operations was less, but they continued to flow, despite the restrictions. So, M Invest, a gold mining company in Sudan, received $2.6 million in 2021.
The reporting shows that some companies controlled by the businessman transferred their activities to other businesses before the introduction of Western sanctions.
The FT emphasizes that the review of supported PMCs Wagner The mining companies are based on their latest available financial statements until December 2021. At the same time, he does not consider Prigozhin’s domestic Russian enterprises.
PMC has been in the news before Wagner suppresses activities in Ukraine and moves to Africa.
Prigozhin against the Ministry of Defense. Conflict with Russia
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.