Global Sanctions Dashboard: Sanctions alone won’t stop the Wagner Group
Despite sanctions and efforts to curtail the Wagner Group’s illicit activity, the group has successfully evaded financial sanctions through a series of facilitators and front companies around the world.
$5 billion: That’s how much the Wagner Group has made since 2017 mainly from mining, illicit gold trade, and forestry business in Africa, as well as funding from the Russian state.
The key vulnerability in enforcing sanctions against Russia is the gap in beneficial ownership information, including in the case of the oil price cap.