U.S. slaps sanctions on gold companies funding Wagner Group

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The U.S. Treasury Department on Tuesday sanctioned four companies and one individual connected to the Wagner Group and the mercenary group’s founder, Yevgeny Prigozhin. The Treasury said the targeted entities in the Central African Republic, United Arab Emirates and Russia have used illicit gold dealings to fund the group, and the individual, Andrey Nikolayevich Ivanov, has been central to Wagner units in Mali. The companies include Dubai-based Industrial Resources General Trading and CAR-based Diamville SAU. The sanctions freeze all U.S.-based property of the designees, and prohibit Americans from doing business with them. Prigozhin and the Wagner Group carried out a short-lived rebellion against the Kremlin over the weekend.

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