FT News Briefing Wagner’s 24-hour coup
Jun 26, 2023
Wagner troops' brief coup attempt in Russia ended with an unexpected withdrawal, leaving Putin's grip on power shaky. In Greece, Kyriakos Mitsotakis surged back to power, leaving the opposition in disarray. Meanwhile, Turkey's recent interest rate hike is viewed skeptically as a small step toward resolving its long-standing economic crisis. The political landscape across these regions reflects significant shifts, highlighting the unstable balance of power and economic uncertainty.
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Wagner Coup Attempt
- Wagner Group mercenaries, led by Yevgeny Prigozhin, launched a coup attempt in Russia.
- The mercenaries marched towards Moscow but later withdrew after a deal brokered by Belarus.
Prigozhin's Motivation
- Prigozhin's coup was a power play against Shoigu and Gerasimov of the defense ministry.
- Prigozhin opposed their decree to subordinate Wagner.
Putin's Weakened Authority
- Putin's authority is weakened, as he empowered Prigozhin and Wagner.
- The war's disastrous consequences for Russia fall on Putin.