Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Britain set to ban Russia's Wagner Group - The Times

Published 05/09/2023, 06:27 PM
Updated 05/10/2023, 05:56 AM
© Reuters. FILE PHOTO: A man wearing a camouflage uniform walks out of PMC Wagner Centre, which is a project implemented by the businessman and founder of the Wagner private military group Yevgeny Prigozhin, during the official opening of the office block in Saint P

(Reuters) -Britain is set to formally classify Russian mercenary force Wagner Group as a terrorist organisation as a way of increasing pressure on Russia, The Times newspaper reported on Tuesday.

Wagner mercenaries have spearheaded Russia's months-long assault on the Ukrainian city of Bakhmut.

The Home Office has been building a case for two months and proscription was due within weeks, the newspaper reported, citing a government source.

The British government declined to comment on its plans.

"The UK sanctioned the Wagner Group in March 2022. While the government keeps the list of proscribed organisations under review, we do not comment on whether a specific organisation is or is not being considered for proscription," a government spokesperson said.

Proscription means it would be a criminal offence in Britain to belong to or promote the group, arrange or address its meetings, and carry its logo in public.

There has been no evidence that Wagner or individuals linked to the group are operating in Britain since the war in Ukraine started, the report said.

However the newspaper said, citing a government source, there had been "suspicions" the group helped move money out of Britain after financial sanctions were imposed on Russian oligarchs and allies of Russian President Vladimir Putin,

Bakhmut has been under Russian attack for more than nine months, with Wagner Group mercenaries leading repeated attempts to advance on what was once a city of 70,000.

The group's leader, Yevgeny Prigozhin, said in a social media message on Monday that his troops were beginning to receive ammunition needed to press their advance.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

That was in time
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.