On Saturday, a shocking revelation in the year-plus war between Ukraine and Russia was revealed, and it did not favor Russian leader Vladimir Putin. A paramilitary group known as Wagner marched its way to Moscow, led by its owner Yevgeny Prigozhin. The mutiny included roughly 25,000 heavily armed troops and was primarily viewed as a public showcase of the distrust and unsettlement towards the Russian war. The Wagner Chief claimed his “march of justice” initially began after an alleged domestic attack on his own forces, continuing to express how the war itself was only to benefit Russian oligarchs. After seizing Rostov and the Russian Southern Military District headquarters, Wagner’s plans to take on Moscow were thwarted by an agreement made on Sunday.
In a televised address on Saturday, Putin pledged to destroy the rebellion and called for all participants to be charged with treason, but a brokered deal involving Belarusian President Alexander Lukashenko seemingly ended the ordeal. On the verge of a Russian civil war, both parties agreed to stop any bloodshed and Wagner Chief Prigozhin was to be relocated to Belarus. Other details of the arrangement are unknown, but several have noted the effects such an engagement can cause on Putin’s public perception. Former US Ambassador to Russia Michael McFaul claims the ordeal will raise questions on Putin’s ability to effectively control and govern the state of Russia. Others have hypothesized that the act of mutiny will increase repression within the territory to deliberately foil any other plans for a revolution. As the story unfolds, everyone must continue to hope for peace and agreement between the two Slavic neighbors Ukraine and Russia.
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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.