How African gold pays for Russia’s war in Ukraine
African wars are paying for Russia’s invasion of Ukraine, at least indirectly. When Vladimir Putin was running low on manpower and money in October last year, he turned to Yevgeny Prigozhin’s Wagner group for more of both. Wagner have had troops in the Donbas region as far back as 2014, though in limited numbers. Now the Wagner group is providing thousands of troops throughout occupied Ukraine and funding the Russian army with its spoils from Africa. That though is creating a cashflow crisis for Prigozhin whose income is primarily from African gold and diamonds. Wagner’s problem, and thus Putin’s, is that a conventional land war in Ukraine costs more
