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The march from Yevgeny Prigozhin (62) to Moscow failed 200 kilometers from the finish, but it was not without consequences. Most of all, he upset many Russians.
According to the Russian central bank, account holders withdrew about 100 billion rubles between June 23 and 25 during the Wagner Rebellion, equivalent to about a billion francs. It is one-fifth of the amount withdrawn in the entire month of June.
According to the central bank, it was the highest demand for cash since the announcement of the mobilization in autumn 2022, which also caused panic and prompted thousands of Russians to flee the country. As the independent “Moscow Time” reports, the Wagner March also resulted in flights from Moscow being temporarily sold out.
The uncertainty caused by the uprising made many Russians want to stock up on foreign currency. This financial turmoil pushed the ruble to a new low since the start of the war against the euro, forcing the central bank to intervene.
For comparison: after the Russian invasion of Ukraine in February 2022, 100 rubles cost 0.64 euros. At the end of June 2022, the exchange rate recovered to 1.84, after the march on Moscow, it fell below 1 euro.
Russia expert Ulrich Schmid (57) from the University of St. Gallen says: “The exchange rate of the ruble has always been a barometer of the crisis situation in the country. The fact that the uprising in Prigozhin has a similar shock effect on the exchange rate as the invasion itself, is a warning to the Russian leadership.”
Russian President Vladimir Putin (70) seems to have reconciled with Prigozhin. Still, more uprisings may come. Because things are also brewing within the Russian army.
A day after the dismissal of Major General Ivan Popov (48), who had internally complained to Defense Minister Sergei Shoigu (68) and Chief of Staff Valeri Gerasimov (67) about the army’s warfare in Ukraine, anger erupted among the troops increases.
If the military decides to turn on the Russian General Staff, the defense minister and ultimately the president, things could get tricky for the trio of Gerasimov, Shoigu and Putin. Ukrainian activist Igor Sushko, 37, writes on Twitter: “The next armed uprising against Putin could very well be led by the Russian army itself.”
Source: Blick
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
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