By Nathan Meyer, consultant in compliance, for Eurasia Business News, June 28, 2023

US Treasury building in Washington D.C., United States. Photo credit : Eurasia Business News.

The US Treasury Department has imposed sanctions on four companies associated, according to Washington, with the founder of the PMC Wagner, Yevgeny Prigozhin. Theses sanctions targert those companies and individuals for their alleged involvement in illicit gold dealings that would fund the militia to sustain and expand its armed forces, including in Ukraine and Africa, reported the U.S. Treasury Department.

The list includes:

  • Midas Resources, based in the Central African Republic (CAR), mines gold, diamonds, copper and chromium in Africa ;
  • Diamville, based in the Central African Republic, trades diamonds and gold ;
  • Industrial Resources General Trading from the UAE, involved in operations with Diamville ;
  • Russian compancy “DM LLC”.

In addition, sanctions were imposed on Russian citizen Andrei Ivanov, whom the United States links with the PMC Wagner and Yevgeny Prigozhin’s operations in Africa.

Yevgeny Prigozhin has been under US sanctions since 2016. The US authorities imposed the first restrictions against him because of his involvement in the armed conflict in eastern Ukraine. In the future, more and more sanctions were imposed against the businessman and related companies. In January 2023, the United States decided to consider the PMC Wagner PMC a “transnational criminal organization.”

The sanctions include blocking all property and interests in property of the individuals and companies that are in the United States or in the possession or control of U.S. persons. The U.S. Treasury Department has also previously sanctioned the Wagner Group as a transnational criminal organization, alleging their pattern of serious criminal activity in the Central African Republic and Mali.

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