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Gold Is Fuelling Putin's War Machine and Keeping Russia ...

Facing sanctions, soaring inflation and labour shortages, Russia is relying on one of the oldest and most stable commodities to shore up its wartime economy.

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Wagner mercenaries accused of murder and torture in Central Africa in order to obtain possession of the precious metal.

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Russia has accumulated gold for almost two decades in a row, and this Dragmetal now plays a key role, along with oil, in the finances of Vladimir Putin ' s war machine during the war in Ukraine, writing The Telegraph. The publication notes that Putin ' s mercenaries from Wagner ' s group are accused of killing and torture in Central Africa, which has become their usual tool for controlling the country ' s gold reserves. Thus,…

·Kyiv, Ukraine
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It is backed by the Russian Wagner Group, a mercenary group that controls mining operations in the Central African Republic. Facing sanctions, soaring inflation, and...

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Bias Distribution

  • 67% of the sources lean Right
67% Right

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The Telegraph broke the news in London, United Kingdom on Sunday, November 30, 2025.
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