Russia’s
President
Vladimir
Putin
issues
a
statement
in
Moscow
on
June
24,
2023
as
Wagner
fighters
stage
rebellion
in
the
biggest
threat
to
Putin’s
quarter-century
grip
on
power.
Pavel
Bednyakov
|
AFP
|
Getty
Images
Oil
prices
rose
on
Monday
after
an
attempted
insurrection
in
Russia
stoked
fears
that
energy
supplies
would
be
disrupted
by
potential
unrest
in
one
of
the
world’s
largest
oil
producer
nations.
The
armed
rebellion
by
Yevgeny
Prigozhin,
leader
of
the
Wagner
group
of
mercenary
fighters,
posed
the
biggest
threat
to
Vladimir
Putin’s
23-year
grip
on
power.
West
Texas
Intermediate
futures
rose
nearly
1%
to
just
below
$70
a
barrel
in
Asia
trading,
after
shedding
almost
4%
last
week.
Brent
crude
was
up
0.95%.
West
Texas
Intermediate
“We
have
seen
in
the
early
market
moves
that
risk
off
is
being
played
in
the
commodity
markets,”
Chris
Iggo,
AXA’s
Chief
Investment
Officer
for
Core
Investments,
told
CNBC.
“The
fear
that
any
disruption
in
Russia
could
lead
to
further
disruptions
in
the
global
energy
market,”
he
added.
Wagner
mercenaries led
by
Prigozhin
were
marching
toward
Moscow
on
Saturday,
after
reportedly
taking
control
of
southern
city
of
Rostov.
The
armed
rebellion
was
abruptly
called
off
on
Sunday.
Kremlin
spokesman
Dmitry
Peskov
said
the
criminal
charges
against
Prigozhin
were
dropped
after
his
forces
turned
back,
state-controlled
outlet
TASS
reported.
“Russian
President
Vladimir
Putin
guarantees
that
Prigozhin
will
be
able
to
leave
Russia
for
Belarus,”
TASS
reported.
