Putin deal hands Wagner's Prigozhin $111M cash, gold bars: Russian media

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Putin deal hands Wagner's Prigozhin $111M cash, gold bars: Russian media
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The Wagner Group founder is reportedly still negotiating the sale of assets in Russia after his short-lived mutiny last month.

The Institute for the Study of War's Wednesday bulletin said Prigozhin was being absolved"of financial responsibility for damages caused by the Wagner Group rebellion" in Rostov-on-Don, which local authorities have said cost around $1 million.

Putin's refusal, or inability, to punish Prigozhin and the Wagner Group—which has so far proved Moscow's most effective combat formation in 16 months of difficult fighting in Ukraine—has prompted speculation that the president is in a precarious political position. A member of the Wagner Group sits atop a tank in Rostov-on-Don, on June 24, 2023. President Vladimir Putin described the mutiny as"treason," though has allowed Wagner financier Yevgeny Prigozhin to go into exile in Belarus.European Union foreign affairs chief Josep Borrel wrote this week that the Wagner conflagration shows that the Kremlin's quagmire in Ukraine"has weakened Vladimir Putin's regime far more than many observers had thought.

"Maybe this is because Putin desperately needs the Wagner Group. Maybe it's because Putin is unable to project-specific military and logistical power in southern Russia. Either way, it demonstrates how weakly institutionalized Putin's personalized state is, compared to that of his Soviet predecessors. A weak state means more unpredictable events lie in the future," Kaplan said.

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