US imposes new sanctions related to gold dealing to fund Wagner Group

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The US Treasury Department on Tuesday imposed sanctions on four companies involved in “gold dealing” and one person they say made “weapons deals” tied to the Wagner Group.

The announcement of the sanctions comes days after the short-lived mutiny led by the head of the mercenary group’s leader, Yevegny Prigozhin.

They target companies in Russia, the United Arab Emirates, and the Central African Republic that “have engaged in illicit gold dealings to fund the Wagner Group to sustain and expand its armed forces, including in Ukraine and Africa.”

The targeted individual, Andrey Nikolayevich Ivanov (Ivanov), is a Russian executive in the Wagner Group who “worked closely with Prigozhin’s entity Africa Politology and senior Malian government officials on weapons deals, mining concerns, and other Wagner Group activities in Mali,” according to a Treasury Department release.

“The Wagner Group funds its brutal operations in part by exploiting natural resources in countries like the Central African Republic and Mali. The United States will continue to target the Wagner Group’s revenue streams to degrade its expansion and violence in Africa, Ukraine, and anywhere else,” Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson said in a statement.

This story is breaking and will be updated.

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