Head of the Wagner Group Yevgeny Prigozhin, left, with Vladimir Putin, in St Petersburg. AP
Head of the Wagner Group Yevgeny Prigozhin, left, with Vladimir Putin, in St Petersburg. AP
Head of the Wagner Group Yevgeny Prigozhin, left, with Vladimir Putin, in St Petersburg. AP
Head of the Wagner Group Yevgeny Prigozhin, left, with Vladimir Putin, in St Petersburg. AP

Wagner Group wipeout sees 3,000 mercenaries killed in Ukraine


Damien McElroy
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War in Ukraine has decimated the ranks of the nearly 8,000 mercenaries from the Wagner Group deployed by Russia to the conflict in Ukraine, according to experts speaking in the UK parliament.

Giving evidence to the Commons Foreign Affairs Committee, Christo Grozev, executive director of the Bellingcat investigative website, said 3,000 members of the private military company were thought to have been killed on the battlefield.

He said sources within the group — the largest of three mercenary groups involved in the conflict — had told them that the numbers fighting alongside Russian forces had been “much higher” than had been expected.

They included 200 personnel sent to Kyiv before the conflict in a failed mission to “scout out and assassinate” political figures, while a “large number” were deployed with convoys which advanced on the capital from Belarus.

He said they had also been present in Bucha, where some of the worst evidence of alleged war crimes had been discovered.

Mr Grozev said they had been told by one former group member that some chose to fight because they enjoyed killing.

“He said that about 10 to 15 per cent are sociopaths, people who go there just because they want to kill. They are bloodthirsty, they are not just adrenalin junkies,” he told the committee.

Dr Sean McFate, a senior fellow at the Atlantic Council think tank and professor at the US National Defence University, said the group’s brutality in the conflicts such as the Syrian civil war was “part of their selling point” as far as Russian President Vladimir Putin was concerned.

“If you look at Bucha and others, there is the same pattern you saw in Syria, where they would interrogate, torture and behead people,” he said.

“One reason I think it has become one of Putin’s weapons of choice is it allows some plausible deniability between excesses on the ground, failures on the ground, and policy.”

However, Dr McFate said that to date western countries had not taken the threat of the group very seriously, and had not tracked the movements of its members.

“This has emboldened them [Russia] to use this as a stratagem for national expansion, national interests,” he said.

“We have not done a good enough job in tracking them. We see them as cheap Hollywood villains, but in fact they are not.”

The US imposed sanctions against Yevgeny Prigozhin earlier this year. Reuters.
The US imposed sanctions against Yevgeny Prigozhin earlier this year. Reuters.

Mr Grozev said that while imposing more sanctions on the group’s head, Yevgeny Prigozhin, known as “Putin’s chef”, would have little impact, it may be more effective targeting individual group members who like to holiday abroad with their families.

“The knowledge that they do is a cause of ridicule about western sanctions because this spreads through the rumour mill,” he said.

“So stopping all of these people being able to travel internationally, at least to the western world, might be much, much bigger than slapping one more sanction on Prigozhin.”

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Scoreline

Al Wasl 1 (Caio Canedo 90 1')

Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')

Red cards: Ismail Ahmed (Al Ain) 77'

PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

The specs

Engine: 2.0-litre 4-cylinder turbo hybrid

Transmission: eight-speed automatic

Power: 390bhp

Torque: 400Nm

Price: Dh340,000 ($92,579

UAE currency: the story behind the money in your pockets
RESULTS

Light Flyweight (48kg): Alua Balkibekova (KAZ) beat Gulasal Sultonalieva (UZB) by points 4-1.

Flyweight (51kg): Nazym Kyzaibay (KAZ) beat Mary Kom (IND) 3-2.

Bantamweight (54kg): Dina Zholaman (KAZ) beat Sitora Shogdarova (UZB) 3-2.

Featherweight (57kg): Sitora Turdibekova (UZB) beat Vladislava Kukhta (KAZ) 5-0.

Lightweight (60kg): Rimma Volossenko (KAZ) beat Huswatun Hasanah (INA) KO round-1.

Light Welterweight (64kg): Milana Safronova (KAZ) beat Lalbuatsaihi (IND) 3-2.

Welterweight (69kg): Valentina Khalzova (KAZ) beat Navbakhor Khamidova (UZB) 5-0

Middleweight (75kg): Pooja Rani (IND) beat Mavluda Movlonova (UZB) 5-0.

Light Heavyweight (81kg): Farida Sholtay (KAZ) beat Ruzmetova Sokhiba (UZB) 5-0.

Heavyweight (81 kg): Lazzat Kungeibayeva (KAZ) beat Anupama (IND) 3-2.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

Hotel Data Cloud profile

Date started: June 2016
Founders: Gregor Amon and Kevin Czok
Based: Dubai
Sector: Travel Tech
Size: 10 employees
Funding: $350,000 (Dh1.3 million)
Investors: five angel investors (undisclosed except for Amar Shubar)

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

Updated: April 19, 2022, 5:21 PM