How the Kremlin is using Wagner to launder billions in African gold

How the Kremlin is using Wagner to launder billions in African gold

Blood Gold Report: Key Findings

The Kremlin has earned more than US$2.5 billion from trade in African gold since Vladimir Putin launched his full scale invasion of Ukraine in February 2022.

In the Central African Republic (CAR), a Wagner front company has been awarded exclusive rights to the Ndassima mine, the country’s largest gold mine, in return for propping up an authoritarian regime.

In Sudan, “the Russian company” controls a major refinery that has allowed Wagner to become the dominant buyer of unprocessed Sudanese gold, with multiple accounts of Russian military transport planes shipping processed gold out of the country. 

Read more: bloodgoldreport.com

Photo: bloodgoldreport.com

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