Yevgeny Prigozhin’s natural resources interests outside Russia barely hit by years of western sanctions
The sanctioned Russian mercenary leader Yevgeny Prigozhin generated revenues of more than a quarter of a billion dollars from his global natural resources empire in the four years before Moscow’s invasion of Ukraine, according to corporate records. A Financial Times investigation has found that years of western sanctions against the Wagner mercenary group’s founder failed to stop hundreds of millions flowing to Prigozhin from oil, gas, diamond and gold extraction.
In 2018 the US government sanctioned Evro Polis, a Prigozhin-controlled company that was awarded energy concessions by the Syrian president Bashar al-Assad in return for Wagner mercenaries liberating oilfields from Isis during the country’s civil war. Evro Polis’s accounts show that the sanctions had limited effect on its operations, with the company going on in 2020 to generate sales of $134mn, and net profits of $90mn that year.
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