FT News Briefing

Putin breaks his silence on Prigozhin

Aug 25, 2023
Vladimir Putin confirms the death of Yevgeny Prigozhin, sparking discussions about the future of Russian political dynamics. The BRICS group invites six new countries, expanding its influence in the global economy. Meanwhile, Turkey raises interest rates significantly to combat soaring inflation. Additionally, there's growing scrutiny on the biomedical industry's reliance on horseshoe crabs for testing, leading to calls for synthetic alternatives to protect these creatures.
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INSIGHT

Putin's Message

  • Vladimir Putin confirmed Yevgeny Prigozhin's death, indicating potential Kremlin involvement.
  • This sends a strong message to the Russian elite: treason is unforgivable.
ANECDOTE

Prigozhin's Evasive Tactics

  • Prigozhin used various tactics to obscure his whereabouts, including using aliases.
  • He even had people change their names to Yevgeny Prigozhin and sign official documents for him.
INSIGHT

Wagner's African Value

  • Wagner's African operations, built on Prigozhin's personal connections, are valuable to Russia.
  • This likely explains why Prigozhin was allowed freedom after his failed coup.
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