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The fate of the Wagner Group is in the hands of Vladimir Putin and the Kremlin. The New York Times reported the Russian Defense Ministry was considering absorbing the group. AdvertisementAdvertisement"The Wagner Group will disappear rather soon," Boris Volodarsky, a former captain in Russia's Spetsnaz GRU special forces and a fellow with the Royal Historical Society in London, told Insider. As tensions mounted between Wagner and Putin this summer, the Kremlin mandated that Wagner recruits sign contracts with the Russian army — which Prigozhin resisted. In his tirade, Prigozhin said the ministry "must be stopped" and the people responsible for the death of Wagner fighters must be punished.
Persons: Vladimir Putin, Yevgeny Prigozhin, Prigozhin, Wagner, Boris Volodarsky, Russia's, Putin, Dmitry Utkin, Valery Chekalov, Volodarsky, , Alexander Lukashenko Organizations: Wagner, Kremlin, The New York Times, Russian Defense Ministry, Service, Wagner Group, New York Times, Institute for, Royal Historical Society, Defense Ministry, Times, Central African, Associated Press, Russia's Defense Ministry, Belarusian Locations: Wall, Silicon, East, Africa, Russian, London, Tver, Moscow, Belarus, Bakhmut, Ukraine, Mali, Russia, Rostov
March 14 (Reuters) - Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke up to the news. While the global effects of Silicon Valley Bank's collapse are just emerging, one thing is clear: tech startups, no matter how far apart, are intertwined. FOUNDERS WARYQuincy Lee, founder of Seattle-based EV charging startup Electra Era, tried to move millions of dollars from Silicon Valley Bank on Thursday afternoon as warning signs multiplied. European stocks fell on banking industry concerns, though, and even startups that did not bank with SVB were scrambling. CHINESE STARTUPS MOVING MONEYSVB's Shanghai-based joint venture, SPD Silicon Valley Bank (SSVB), said it had a sound corporate structure and an independent balance sheet.
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