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Prigozhin's statements affect shares of Russian companies

Saturday, 24 June 2023, 10:35
Prigozhin's statements affect shares of Russian companies

Statements by Yevgeny Prigozhin, the financier of the Wagner PMC, about the likely start of a coup in Russia have affected the shares of the largest Russian companies. 

Source: Russian news agency RBC

Prigozhin's words about a coup d'etat have affected the Russian stock market, with shares of many Russian companies already recording their first drop on the stock exchange.

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The Moscow Exchange index fell by 2.02%.  

In addition, the shares of Sberbank fell by 2.05%, Rosneft by 1.6%, Gazprom by 1.41%, and Lukoil by 2.08%.

In general, shares in a number of Russian public companies lost between 1% and almost 6%.

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Note: Wagner Group leader Yevgeny Prigozhin claimed that the regular Russian army had launched a missile strike on the Wagnerites’ rear camps. Prigozhin claimed that Russian Defence Minister Sergei Shoigu had arrived in Rostov, where he personally conducted an operation to wipe out the mercenaries. According to Prigozhin, 25,000 of his mercenaries are allegedly going to "restore justice". At the same time, he asked not to call this action a "military coup"." Prigozhin added that Shoigu had fled Rostov like a coward and "this creature will be stopped".  The Russian Defence Ministry called the information a provocation.

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