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Russia back in investors' focus after weekend mutiny
  + stars: | 2023-06-25 | by ( ) www.reuters.com   time to read: +3 min
Financial markets have often been volatile since Russia invaded Ukraine in February 2022, which caused ruptures in markets and through global finance as banks and investors rushed to unwind exposure. After Saturday's events, some investors said they were focused on the potential impact to safe-haven assets such as U.S. Treasuries and on commodities prices, as Russia is a major energy supplier. Goldberg said that despite the de-escalation, "investors may remain nervous about subsequent instability, and could remain cautious." “Markets typically do not respond well to events that are unfolding and are uncertain,” particularly relating to Putin and Russia, said Quincy Krosby, chief global strategist at LPL Financial. Year-to-date the S&P 500 (.SPX) is up 13%, although it has lost steam in recent days with interest rates in focus.
Persons: Yevgeny Prigozhin, Vladimir Putin, Wagner, Gennadiy Goldberg, Goldberg, Putin, Quincy Krosby, ” Krosby, Alastair Winter, Stocks, Jerome Powell, Rich Steinberg, Lananh Nguyen, Sinead Cruise, Megan Davies, David Gregorio Our Organizations: Financial, TD Securities, LPL, Global Investment, U.S, Federal, Colony Group, Thomson Locations: Russia, Russian, Moscow, Rostov, Ukraine, New York, Washington, Argyll Europe, Boca Raton , Florida
US agencies had intelligence suggesting Yevgeny Prigozhin was planning action in Russia. There were enough signals to know "something was up," a US official told The Washington Post. "There were enough signals to be able to tell the leadership that something was up," an anonymous US official told the news outlet. This weekend, Prigozhin's Wagner Group launched a remarkable armed mutiny in Russia, with fighters first seizing the southern Russian city of Rostov-on-Don before marching on the country's capital. The announcement was generally seen as a means of bringing the mercenary group under official Russian military control.
Persons: Yevgeny Prigozhin, Wagner, , Russia's, Prigozhin's Wagner, Putin, Vladimir Putin Organizations: Washington Post, Service, The Washington, White, Prigozhin's Wagner Group, Post, Russia's Ministry of Defense, Associated Press Locations: Russia, Moscow, Russian, Rostov, Prigozhin, Belarus
Chaos in Russia works to Kyiv's advantage, Ukrainian officials say
  + stars: | 2023-06-25 | by ( ) www.cnbc.com   time to read: +2 min
Members of the Wagner Group prepare to depart from the Southern Military District's headquarters and return to their base on June 24, 2023 in Rostov-on-Don, Russia. Chaos in Russia works to Kyiv's advantage, Ukraine officials said on Saturday, but it remains to be seen whether President Volodymyr Zelenskiy and his army can capitalize on the disorder caused this weekend as mercenaries marched towards Moscow. Just complete chaos," Zelenskiy said in his nightly video address, urging Ukraine's allies to use the moment and send more weapons to Kyiv. "Any chaos behind the enemy lines works in our interests," State-run Ukrinform news agency quoted Ukraine's Foreign Minister Dmytro Kuleba as saying on Saturday. Putin called Prigozhin's actions a "blow to Russia," but there were no immediate signs his rule was threatened.
Persons: Volodymyr Zelenskiy, Yevgeny Prigozhin, Wagner, Prigozhin, Zelenskiy, Ukraine's, Vladimir Putin, Dmytro Kuleba, Putin, Sergei Shoigu, Kuleba, Antony Blinken, Oleksiy Danilov Organizations: Wagner Group, Southern Military, U.S, U.S . State Department, Kyiv, National Security and Defense Locations: Rostov, Don, Russia, Chaos, Ukraine, Moscow, Belarus, Kyiv, Washington, Krasnohorivka, Donetsk
Russia's mercenary Wagner Group rebelled this weekend, nearly reaching Moscow before calling it off. The Wagner Group, a powerful paramilitary organization led by former Putin ally Yevgeny Prigozhin, took over a Russian military headquarters in Rostov-on-Don without issue on Saturday and then continued to push toward Moscow. Blinken was just one of many US officials monitoring the situation in Russia on Saturday as the Wagner Group marched toward Moscow. "I think we've seen more cracks emerge in the Russian facade," Blinken added. "We'll see if this means that Wagner forces are coming out of Ukraine.
Persons: Wagner, Antony Blinken, Blinken, , Vladimir Putin, Yevgeny Prigozhin, Prigozhin, Aleksandr Lukashenko, Putin, it's, Africa — Organizations: Wagner Group, Service, Russian, Wagner, NBC News Locations: Moscow, Russian, Rostov, Belarus, Russia, Kyiv, Ukraine, Africa
Calm Returns to Rostov After Wagner Troops Leave the City
  + stars: | 2023-06-25 | by ( ) www.wsj.com   time to read: 1 min
AI Apps to Try for Work and LeisureThere are so many new AI-powered programs out there. Deciding which ones to try can be overwhelming. But worry not! WSJ personal-tech reporting assistant Cordilia James put together a list to get you started. She joins host Julie Chang for a quick rundown of the best AI apps.
Persons: Cordilia James, Julie Chang
Where Is Yevgeny Prigozhin?
  + stars: | 2023-06-25 | by ( ) www.wsj.com   time to read: 1 min
Wagner chief Yevgeny Prigozhin's whereabouts were unclear on Sunday, the day after he signed a truce with Russian President Vladimir Putin under which he agreed to relocate to Belarus. Prigozhin late Saturday night left the headquarters of the Southern Military District in Rostov for an unknown destination. It wasn’t clear when and how he would leave for Belarus, and how many of his men will follow suit.
Persons: Wagner, Yevgeny Prigozhin's, Vladimir Putin, Prigozhin Organizations: Southern Military District Locations: Belarus, Rostov
Rebellion Severely Damages Russian War Effort, Think Tank Says
  + stars: | 2023-06-25 | by ( ) www.wsj.com   time to read: 1 min
Military vehicles on the streets of Rostov, Russia, which the Wagner paramilitary group seized early in its revolt. (Vladimir Konstantinov/Zuma Press)The Kremlin now faces a “deeply unstable equilibrium,” according to the Institute for the Study of War. The Washington-based think tank said the truce signed Saturday was a “short-term fix, not a long-term solution” and that the rebellion exposed severe weaknesses in the Russian regime.
Persons: Wagner, Vladimir Konstantinov Organizations: Zuma Press, Institute for Locations: Rostov, Russia, Kremlin, The Washington, Russian
And they clearly had little interest in helping Mr. Putin avoid a major, embarrassing fracturing of his support. While it is not clear exactly when the United States first learned of the plot, intelligence officials conducted briefings on Wednesday with administration and defense officials. Still, American officials concluded that Mr. Prigozhin’s public statements were not controlled by Mr. Putin. But it was only in recent days that intelligence officials got the initial warnings that Mr. Prigozhin might take action. President Biden, speaking in October, talked of the dangers that Mr. Putin would pose if he felt cornered and said the United States was looking for “off ramps” for Mr. Putin.
Persons: Yevgeny Prigozhin, Wagner, Prigozhin, Vladimir V, Putin, Mr, Prigozhin’s, , , Sergei K, Valery Gerasimov, Wagner ., Tatiana Stanovaya, Shoigu, Stanovaya, Gerasimov, Biden, Donald J, Trump Organizations: Wagner Group, United, CNN, United States, Russian Defense Ministry Press Service, Associated Press, Intelligence, Russian, Ukrainian, Mr, Ministry of Defense, Defense Ministry, Carnegie Endowment, International Locations: Rostov, Don, Russia, United States, Ukraine, St . Petersburg, Moscow, Belarus, United, U.S, Russian, Bakhmut, Wagner . Russia
And they clearly had little interest in helping Mr. Putin avoid a major, embarrassing fracturing of his support. While it is not clear exactly when the United States first learned of the plot, intelligence officials conducted briefings on Wednesday with administration and defense officials. Placing Wagner forces under the control of Mr. Shoigu was “out of the question” for Mr. Prigozhin, Ms. Stanovaya said. But it was only in recent days that intelligence officials got the initial warnings that Mr. Prigozhin might take action. President Biden, speaking in October, talked of the dangers that Mr. Putin would pose if he felt cornered and said the United States was looking for “off ramps” for Mr. Putin.
Persons: Yevgeny Prigozhin, Wagner, Prigozhin, Vladimir V, Putin, Mr, Prigozhin’s, , , Sergei K, Valery Gerasimov, Wagner ., Tatiana Stanovaya, Shoigu, Stanovaya, Gerasimov, Biden, Donald J, Trump Organizations: Wagner Group, United, CNN, United States, Russian Defense Ministry Press Service, Associated Press, Intelligence, Russian, Ukrainian, Mr, Ministry of Defense, Defense Ministry, Carnegie Endowment, International Locations: Rostov, Don, Russia, United States, Ukraine, St . Petersburg, Moscow, Belarus, United, U.S, Russian, Bakhmut, Wagner . Russia
How Putin and Prigozhin Went From Allies to Enemies
  + stars: | 2023-06-25 | by ( ) www.wsj.com   time to read: 1 min
How Putin and Prigozhin Went From Allies to EnemiesAn image taken from a video of Yevgeny Prigozhin, owner of the Wagner Group, on Saturday outside Rostov in southern Russia. (Pool /Wagner Group/Zuma Press)Wagner's armed insurrection was the tumultuous culmination of a decadeslong relationship between two of Russia's most powerful men. Yevgeny Prigozhin, a former convict who grew up in the same impoverished St. Petersburg neighborhoods as President Vladimir Putin, developed a close relationship with the Russian leader after working as a restaurateur and caterer.
Persons: Putin, Yevgeny Prigozhin, Vladimir Putin Organizations: Wagner, Zuma Locations: Rostov, Russia, St, Petersburg
What’s Happening With Wagner in Russia?
  + stars: | 2023-06-24 | by ( James Hookway | ) www.wsj.com   time to read: 1 min
Russian President Vladimir Putin has ordered his forces to put down what he called an armed rebellion after the founder of the Wagner mercenary group turned on Russia’s military command. Yevgeny Prigozhin , a one-time Putin confidant, took over the military headquarters for southern Russia in the city of Rostov, saying the Russian military had killed “an enormous amount” of his troops in airstrikes at Wagner camps.
Persons: Vladimir Putin, Wagner, Yevgeny Prigozhin, Putin, Locations: Russia, Rostov
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Persons: Dow Jones, wagner Locations: rostov
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/as-wagner-fighters-take-rostov-in-russian-south-some-residents-offer-support-393ac561
Persons: Dow Jones, wagner Locations: rostov
Yulia Morozova/Reuters/FILEThe chief of the Wagner private military group, Yevgeny Prigozhin, on Friday accused Russian military leadership of striking a Wagner military camp and killing a "huge amount" of his mercenary forces. Prigozhin claimed that the Russian Ministry of Defense tricked Wagner and he vowed to "respond to these atrocities." Prigozhin claimed that the "evil that is being carried out" by Russia's military leadership "must be stopped" following the alleged attack. "The details started to appear; Minister of Defense arrived to Rostov especially to conduct an operation to destroy Wagner PMC. And earlier this month, the Wagner boss said he won't sign contracts with Russia’s defense ministry, rejecting an attempt to bring his force in line.
Persons: Yevgeny Prigozhin, Yulia Morozova, Wagner, Prigozhin, The Wagner, , , CNN's Katharina Krebs, Lindsay Isaac, Uliana Pavlova, Radina Gigova, Josh Pennington Organizations: Russian Ministry of Defense, Wagner PMC, Ministry of Defense, Russia's Ministry of Defense, of Defense, Russia, Russian Defense Ministry Locations: Moscow, Rostov, Ukraine, Russia, Russian, Bakhmut
Russia's Ministry of Foreign Affairs warned Western countries against exploiting the “attempted armed mutiny” in its country to achieve what it called Russophobic goals and said it was convinced the situation would be resolved in the near future. The events of the past 24 hours had aroused deep resentment in Russian society, the ministry said, adding that Russians strongly support President Vladimir Putin. The ministry didn't mention Wagner or its leader, Yevgeny Prigozhin, whose forces are headed in column toward Moscow having taken Rostov some 600 miles to the south of the capital earlier Saturday.
Persons: Vladimir Putin, Wagner, Yevgeny Prigozhin Organizations: of Foreign Affairs Locations: Moscow, Rostov
Putin says Wagner mutiny is 'treason' in televised address
  + stars: | 2023-06-24 | by ( ) www.reuters.com   time to read: 1 min
MOSCOW, June 24 (Reuters) - Russian President Vladimir Putin said in an emergency televised address on Saturday that an "armed mutiny" by the Wagner Group mercenary force was treason, and that anyone who had taken up arms against the Russian military would be punished. He said he would do everything to protect Russia, and that "decisive action" would be taken to stabilise the situation in Rostov-on-Don, a southern city where Wagner chief Yevgeny Prigozhin said his forces had taken control of all military installations. Reporting by Reuters; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.
Persons: Vladimir Putin, Wagner, Yevgeny Prigozhin, Kevin Liffey Organizations: Wagner Group, Reuters, Thomson Locations: MOSCOW, Russian, Russia, Rostov
CNN —Russian President Vladimir Putin is facing the greatest threat to his authority in two decades after Yevgeny Prigozhin, the head of the Wagner paramilitary group and Putin’s former ally, launched an apparent insurrection. Prigozhin has been highly critical of Russia’s military leadership and their handling of the war in Ukraine, but he had always stopped short of criticizing Putin directly. Wagner group also claimed to have seized Russian facilities in a second city, Voronezh, some 600 kilometers (372 miles) to the north of Rostov-on-Don. Alexander Gusev, the governor of the Voronezh region, said the Russian military was engaging in “combat measures” in the area. Stunning escalationSaturday’s dramatic events come off the back of Prigozhin’s very public and months-long feud with Russia’s military leadership.
Persons: Vladimir Putin, Yevgeny Prigozhin, Wagner, Sergei Shoigu, Valery Gerasimov, Prigozhin, Putin, ” Putin, Igor Artamonov, Sergei Sobyanin, Recep Tayyip Erdoğan, , , Don “, ” “, ” Prigozhin, Rostov, Don, Alexander Gusev, Shoigu, , Gen, Vladimir Alekseev, Sergei Naryshkin, Naryshkin, Ramzan Kadyrov, Vladimir Rogov, Rogov saif, ” Wagner, Stringer, Dmytro Kuleba, Serhii Cherevatyi Organizations: CNN, Prigozhin, Moscow, Terrorism, Security, Russian, RIA Novosti, Kremlin, Russian Southern Military Headquarters, Ministry of Defense, Russian Ministry of Defense, Foreign Intelligence Service, Russian Historical Society, Telegram, Southern Military District, Reuters, Russian Foreign, European Union, US State Department, Britain’s Ministry of Defense, Russian National Guard, Ukrainian, Twitter, Ukrainian Armed Forces Locations: Moscow, Ukraine, Russian, Rostov, Voronezh, Lipetsk, Russia, St . Petersburg, Belarus, Uzbekistan, Kazakhstan, Turkey, Prigozhin’s, Prigozhin, Don, Canada, France, Germany, Italy, Japan, EU
REUTERS/StringerLONDON, June 24 (Reuters) - Following are facts about oil, gas and grains flows in Russia's southern region of Rostov, where the capital Rostov-on-Don was seized by Russian mercenaries. Russia's main grain exporting terminals on the Black Sea are further south, and this area has been unaffected by the developments so far. OIL & GASThe region of Rostov is not a major energy producer but several big oil and gas pipelines cross its territory. Russia is the world's second largest oil exporter after Saudi Arabia. Russia's pipeline monopoly Transneft controls many pump stations on the route, including in the Rostov region.
Persons: Wagner, Stringer LONDON, Don, Vladimir Putin, Yevgeny Prigozhin, Andrey Sizov, Sizov, Dmitry Zhdannikov, Ros Russell Organizations: Southern Military District, REUTERS, Wagner, Reuters, U.S . Department of Agriculture, Thomson Locations: Rostov, Don, Russia, Russia's, Russian, Azov, Saudi Arabia, Novorossiisk, Krasnodar, Voronezh
Image Mr. Prigozhin and President Vladimir Putin at one of Mr. Prigozhin’s factories in St. Petersburg in 2010. Mr. Prigozhin accused the Russian military of attacking his forces, vowed to retaliate, on Friday. In an earlier videotaped speech, Mr. Prigozhin did not explicitly impugn Mr. Putin, instead casting him as a leader being misled by his officials. But, during the battle for Bakhmut, Mr. Prigozhin also emerged as a populist political figure, excoriating Russia’s military leadership for corruption. Others theorized that the Kremlin had orchestrated Mr. Prigozhin’s tirades against Mr. Shoigu, the defense minister, to deflect blame from Mr. Putin himself.
Persons: Yevgeny V, Vladimir V, Putin, Prigozhin, Wagner, Mr, ” Gen, Vladimir Alekseyev, ” Mr, Prigozhin’s Wagner, Russia’s, , , , GOH, Volodymyr Zelensky, Mykhailo Podolyak, Adam Hodge, Vladimir Putin, , Sergei K, Shoigu, Dmitri S, diatribes, excoriating, Prigozhin’s, Igor Girkin, Girkin, ” Julian E, Barnes, Cassandra Vinograd Organizations: Russian, ., Reuters, Russian Defense Ministry, Russia’s, Defense Ministry, Telegram, Twitter, National Security, Associated Press, Bakhmut, Kremlin Locations: Ukraine, Moscow, Rostov, Don, Russia, White, St . Petersburg, St, Petersburg, Syria, Africa, Ukrainian, Bakhmut, Prigozhin, Russian, Ukraine’s,
Image Mr. Prigozhin and President Vladimir Putin at one of Mr. Prigozhin’s factories in St. Petersburg in 2010. Mr. Prigozhin accused the Russian military of attacking his forces, vowed to retaliate, on Friday. In an earlier videotaped speech, Mr. Prigozhin did not explicitly impugn Mr. Putin, instead casting him as a leader being misled by his officials. But, during the battle for Bakhmut, Mr. Prigozhin also emerged as a populist political figure, excoriating Russia’s military leadership for corruption. Others theorized that the Kremlin had orchestrated Mr. Prigozhin’s tirades against Mr. Shoigu, the defense minister, to deflect blame from Mr. Putin himself.
Persons: Yevgeny V, Vladimir V, Putin, Prigozhin, Wagner, Mr, ” Gen, Vladimir Alekseyev, ” Mr, Prigozhin’s Wagner, Russia’s, , , , GOH, Volodymyr Zelensky, Mykhailo Podolyak, Adam Hodge, Vladimir Putin, , Sergei K, Shoigu, Dmitri S, diatribes, excoriating, Prigozhin’s, Igor Girkin, Girkin, ” Julian E, Barnes, Cassandra Vinograd Organizations: Russian, ., Reuters, Russian Defense Ministry, Russia’s, Defense Ministry, Telegram, Twitter, National Security, Associated Press, Bakhmut, Kremlin Locations: Ukraine, Moscow, Rostov, Don, Russia, White, St . Petersburg, St, Petersburg, Syria, Africa, Ukrainian, Bakhmut, Prigozhin, Russian, Ukraine’s,
Prigozhin, Wagner Forces Begin Pullback From Rostov
  + stars: | 2023-06-24 | by ( ) www.wsj.com   time to read: 1 min
Yevgeny Prigozhin leaves the headquarters of the Southern Military District in Rostov as his group pulls out from the city it occupied Saturday. (ALEXANDER ERMOCHENKO/REUTERS)
Persons: Yevgeny Prigozhin, ALEXANDER ERMOCHENKO Organizations: Southern Military District Locations: Rostov
For years, Yevgeny V. Prigozhin, the Wagner mercenary leader who conducted a brief rebellion against the Russian military, had been a loyal supporter of President Vladimir V. Putin of Russia. In recent months, he continued to steer clear of directly criticizing Mr. Putin, even as he increasingly used social media to lambaste Russia’s military, accusing its leaders of treason and blaming them for failing to provide his forces with enough resources. Mr. Putin mobilized Russian troops to quell what he called an armed rebellion, and the Belarusian president, a Putin ally, negotiated a halt to the Wagner advance. Here’s a look at Mr. Prigozhin’s history and some of the claims he has made:December 2016The United States imposed sanctions against 15 Russian entities, including Mr. Prigozhin, for their dealings in Crimea, which Russia illegally annexed in 2014, and in Ukraine, where Russian-backed separatists seized territory the same year. The Treasury Department targeted businesspeople who were associates of Mr. Putin or were involved in activities that aided in Russia’s destabilization of Ukraine.
Persons: Yevgeny V, Wagner, Vladimir V, Putin, Putin’s, Prigozhin, Mr Organizations: Russian, Treasury Department, Russia’s Locations: Russia, Ukraine, Russian, Rostov, Moscow, Belarusian, United States, Crimea, Russia’s destabilization
LONDON, June 24 (Reuters) - Britain's defence ministry said on Saturday that the Russian state was facing its greatest security challenge of recent times, following what it said appeared to be a move by Wagner Group mercenary forces towards Moscow. Russian President Vladimir Putin said in an emergency televised address on Saturday that an "armed mutiny" by the Wagner Group was treason, and that anyone who had taken up arms against the Russian military would be punished. "Over the coming hours, the loyalty of Russia's security forces, and especially the Russian National Guard, will be key to how this crisis plays out," Britain's defence ministry said in a regular intelligence update. "This represents the most significant challenge to the Russian state in recent times," it added. "With very limited evidence of fighting between Wagner and Russian security forces, some have likely remained passive, acquiescing to Wagner," the defence ministry added.
Persons: Vladimir Putin, Wagner, Britain, David Milliken, Toby Chopra Organizations: Wagner Group, Russian National Guard, Thomson Locations: Moscow, Russian, Ukraine, Russia, Rostov, Voronezh Oblast, Britain
President Vladimir V. Putin of Russia always seemed to thrive on chaos. For the last few months, as the mercenary chieftain Yevgeny V. Prigozhin escalated his feud with the Russian military, Mr. Putin did not publicly reveal any discomfort with his diatribes. The Russian leader’s key litmus test was loyalty — a fact that Mr. Prigozhin showed he understood, even amid his recent criticism of the military leadership: “I listen to Putin,” he said in May. At no point since being named acting president on Dec. 31, 1999, has Mr. Putin faced such a dramatic challenge. And it comes from a man who — like much of Russia’s elite — owes his power and status to the informal, personalist style of the Russian president.
Persons: Vladimir V, Putin, Yevgeny V, Prigozhin, Putin’s, , , Locations: Russia, Russian, Rostov, Moscow
"Those who destroyed our lads, who destroyed the lives of many tens of thousands of Russian soldiers, will be punished. He later said his men had been involved with clashes with regular army soldiers and had shot down a helicopter. The video showed him telling the generals: "We have arrived here, we want to receive the chief of the general staff and Shoigu. Army Lieutenant-General Vladimir Alekseyev - who was later to appear with Prigozhin in the video from Rostov-on-Don - issued a video appeal asking Prigozhin to reconsider his actions. An unverified video on a Telegram channel close to Wagner showed the purported scene of an air strike against Wagner forces.
Persons: Wagner, Yevgeny Prigozhin, Yulia Morozova, Moscow, Prigozhin, Putin, Vladimir Putin, Sergei Shoigu, Valery Gerasimov, Reuters Wagner, Shoigu, Dmitry Peskov, Sergei Sobyanin, Joe Biden, Putin's, Vladimir Alekseyev, Sergei Surovikin, Andrew Osborn, Kevin Liffey, Daniel Wallis, William Mallard Organizations: REUTERS, Russian Defence, General Staff, Reuters, Don, Southern Military District, Prigozhin, Wagner, Moscow, Russian Federation, PMC, Private Military Company, Russian Ministry of Defence, Defence Ministry, Thomson Locations: Russian, St Petersburg, Moscow, Russia, Rostov, Ukraine, Ukrainian, Voronezh, Bakhmut, Washington , U.S, European Russia
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