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allocated a substantial sum of RUB86.2bn ($1bn) solely to PMC Wagner. This allocation encompassed salaries for fighters, incentive rewards, and insurance payments, as outlined by the president.
"Of that amount, remuneration equaled RUB70.38bn, incentive rewards amounted to RUB15.87bn, and insurance payments totaled RUB110.17bn," Putin explained.
Additionally, President Putin disclosed that the Concord company, which owns Wagner, received RUB80bn ($940 mn) from the state during the same period. These funds were designated for supplying food and providing food services to the army.
"The state fully ensured the financing [of Wagner], whereas a portion of that group, this Concord company, earned RUB80bn during the same period," Putin revealed. He expressed his hope that no misappropriation had occurred during these activities, or at the very least, that the instances of theft were minimal.
"Hopefully, nobody stole anything during these activities or, let's say, stole less," Putin remarked. He assured that a thorough investigation would be conducted to examine the financial aspects in question.
President Putin's statements shed light on the extent of the Russian government's involvement in financing the Wagner Private Military Company. The revelations highlight the significant financial resources allocated to the group, underlining the state's commitment to supporting its operations.
The Wagner PMC has gained attention in recent years for its involvement in various conflicts and military engagements. As a private military contractor, it has attracted controversy due to its alleged connections to the Russian government and its engagement in armed conflicts in different regions.
With these latest revelations, the financing of the Wagner group becomes a matter of public knowledge, illustrating the state's direct involvement in its operations. The government's provision of financial support raises questions about the group's objectives, activities, and overall transparency.
As President Putin emphasized the need to investigate potential irregularities in the financial transactions, it remains to be seen how this scrutiny will unfold. The state's commitment to transparency and accountability will be crucial in addressing any
32 RUSSIA Country Report July 2023 www.intellinews.com