Russian mercenary leader Yevgeny Prigozhin's oil, gas, gold and diamond businesses generated $250 million in revenue despite sanctions, report says
The quarter of a billion dollars in revenue was generated in the four years before Russia invaded Ukraine, coming from Prigozhin's gas, diamond, gold and oil operations in Africa and the Middle East. The sales figure excludes his domestic Russian catering and real estate businesses.
The report cites how Evro Polis, a Prigozhin operation that received energy concessions granted by Syria, was sanctioned in 2018 and still turned a $134 million in revenue two years later. That's equivalent to an equity return of 180%. Some of Prigozhin's companies would shift their operations into something different when threatened by sanctions. Mercury LLC, a Syrian oil and gas firm, made $67 million before being sanctioned by the EU, according to the FT.
Other examples include M Invest, a sanctioned Prigozhin company that made $2.6 million in 2021 sales from gold mining in Sudan. And two other of his companies generated $6 million in revenue that same year.
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