{"id":161600,"date":"2023-06-28T08:00:00","date_gmt":"2023-06-28T00:00:00","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=920533"},"modified":"2023-06-28T08:00:00","modified_gmt":"2023-06-28T00:00:00","slug":"us-sanctions-firms-funding-wagner-group-via-illegal-gold-mining","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2023\/06\/28\/us-sanctions-firms-funding-wagner-group-via-illegal-gold-mining\/","title":{"rendered":"US sanctions firms funding Wagner Group via illegal gold mining"},"content":{"rendered":"
\"MediaIntel.Asia\"<\/a><\/div>\n

One of the sources of funding for the mercenary Wagner Group is illegal gold trade in Africa . The US treasury yesterday (June 27) sanctioned four companies and one individual connected to the Wagner group and its founder and owner Yevgen y Prigozhin.
\nBoth the Russian mercenary business and its chief, who just led a short-lived mutiny against the Kremlin, have previously been sanctioned by the the US, the EU, Canada, the UK, Australia, and Japan. In January this year, the US named the group a \u201ctransnational criminal organization.\u201d
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\nOn the same day as the most recent sanctions, a group of state agencies responsible for national security also issued an advisory highlighting the risks related to the gold trade across sub-Saharan Africa , including conflict and terror financing, money laundering activities, sanctions evasion, human rights and labor rights abuses, and environmental degradation .
\nThe companies in African gold trade sanctioned by the US
\n🇨🇫 Midas Ressources: The Central African Republic (CAR) -based mining company is affiliated with Prigozhin. Midas denied CAR government officials the ability to inspect the Ndassima mine\u2014the site containing gold valued at more than $1 billion, for which Midas has preferential mining allowance .
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\n🇨🇫 Diamville: The CAR-based gold and diamond purchasing company, controlled by Prigozhin, participated in a gold selling scheme converting CAR-origin gold into US dollars and transferring cash by hand. Diamville shipped diamonds mined in the country to buyers in the UAE and in Europe.
\n🇦🇪 Industrial Resources General Trading: The Dubai-based industrial goods distributor, a buyer of diamonds Diamville mined in the CAR, that \u201cwittingly participated in the transfer by hand of cash to Russia\u201d after US sanctions on various Russian financial institutions.
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\n🇷🇺 Limited Liability Company DM: The Russia-based firm which also participated in Diamville\u2019s gold selling scheme.
\nPerson of interest: Andrey Nikolayevich Ivanov
\nThe US treasury also sanctioned Russian national Andrey Nikolayevich Ivanov for being a Wagner group facilitator in Mali.
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\n\u201cDuring the spring of 2023, Ivanov worked closely with Prigozhin\u2019s entity Africa Politology and senior Malian government officials on weapons deals, mining concerns, and other Wagner Group activities in Mali,\u201d the federal agency said.
\nAfrica Politology, which was sanctioned by the US D epartment of S tate in January 2023, works to oust countries that promote human rights and good governance to withdraw their presence in Africa, including discrediting the UN and suing press outlets that report on Wagner\u2019s activities.
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\nOne big number: Wagner\u2019s natural resources business
\n$250 million: How much companies linked to Prigozhin amassed from natural resources obtained in exchange for security services to countries in Africa and the Middle East in the four years before Russia\u2019s invasion of Ukraine, according to the Financial Times.
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\nA brief overview of Wagner in Africa
\nTens of thousands of Wagner\u2019s fighters have been holding the fort in Ukraine since the start of the invasion in February 2022. But even before the conflict, the group has been working in poor, war-torn parts of sub-saharan Africa, including CAR, Sudan, Libya, Mozambique, and Mali.
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\nIn 2017, Wagner deployed hundreds of its men to put down local uprisings against the government of Sudan\u2019s dictator Omar al-Bashir. I n exchange, the Prigozhin-controlled M-Invest received exclusive rights to gold mining in Sudan.
\nWagner set foot in Mali in 2021 as France withdrew its forces. It agreed to help the new military junta fight Islamist militants. In April 2022, Frances accused Wagner Group recruits of staging the burying of bodies in the country to fabricate evidence of French atrocity while committing human rights abuses of its own.
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\nM-Invest was sanctioned by the US in July , as was another Prigozhin-related firm in the region called Meroe Gold. In May, the US sanctioned Ivan Maslov, the head of the Wagner\u2019s paramilitary groups in Mali.
\nRelated stories
\n💰 The Wagner Group pays fighters twice as much as the Russian military
\n⚔️ The Russia-Ukraine conflict, explained
\n🇺🇸 The US is on a charm offensive in Africa to counter Russia and China<\/p>\n

This data comes from MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the sources of funding for the mercenary Wagner Group is illegal gold trade in Africa . The US treasury yesterday (June 27) sanctioned four companies and one individual connected to the Wagner group and its founder and owner Yevgen y Prigozhin….<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[413,1380,692,144,671,137,176,693,194,249],"tags":[2086,7007,10600,6738,3942,7654,3760,10491,10315,2249,2240,10602,2172,2107,10332,3540,3468],"class_list":["post-161600","post","type-post","status-publish","format-standard","hentry","category-advertising","category-africa","category-canada","category-china","category-finance","category-fraud","category-human-rights","category-japan","category-news-chinese-law","category-russia","tag-australia","tag-car","tag-central-african-republic","tag-dubai","tag-europe","tag-france","tag-gold","tag-libya","tag-media-intelligence","tag-middle-east","tag-military","tag-mozambique","tag-national-security","tag-religion","tag-sanctions","tag-sudan","tag-terrorism"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/161600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=161600"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/161600\/revisions"}],"predecessor-version":[{"id":161601,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/161600\/revisions\/161601"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=161600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=161600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=161600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}