Bill O’Grady | PDF
On August 23, an executive jet carrying seven passengers and three crew members crashed near Moscow on a flight to St. Petersburg. Yevgeny Prigozhin, the head of the Wagner Group, a private Russian military company, was reportedly one of the passengers. Prigozhin was having an eventful summer. He had led an apparent mutiny in June, but called off his march on Moscow despite making significant progress toward the capitol after seeming to make a deal with Russian President Putin, and thereafter was seen conducting Wagner business again.
In this report, we will examine four issues. First, is he really dead? Second, if he is dead, who did it and how did they do it? Third, we will discuss the benefits and costs of the Wagner Group to the Russian state. And fourth, we will analyze the potential benefits and costs of his apparent assassination. As always, we will conclude with market ramifications.
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These reports were prepared by Confluence Investment Management LLC and reflect the current opinion of the authors. Opinions expressed are current as of the date shown and are based upon sources and data believed to be accurate and reliable. Opinions and forward-looking statements expressed are subject to change. This is not a solicitation or an offer to buy or sell any security. Past performance is no guarantee of future results. Information provided in this report is for educational and illustrative purposes only and should not be construed as individualized investment advice or a recommendation. Investments or strategies discussed may not be suitable for all investors. Investors must make their own decisions based on their specific investment objectives and financial circumstances.