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    HomeRussiaShares in Western arms manufacturers plunge after Wagner mutiny

    Shares in Western arms manufacturers plunge after Wagner mutiny

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    The value of the shares of the largest Western arms manufacturers fell after the Wagner PMC mutiny, according to the Financial Times (FT).

    It is noted that investors hoped that “political instability in Russia” would create an advantage for the Ukrainian Armed Forces, but such attempts ended earlier than expected. The Pentagon’s largest suppliers – Lockheed Martin, Northrop Grumman, Raytheon and General Dynamics lost 1-2 percent of their shares in a day, European companies – more than five percent. Analysts note that arms manufacturers will win back losses in the near future, since even if the conflict in Ukraine ends, weapons will be in demand among NATO countries in the near future against the backdrop of increased defense spending. On June 24, the press service of the President of Belarus Alexander Lukashenko announced Prigozhin’s consent to stop the Wagner columns. It was noted that the agreement was reached as a result of negotiations that the Belarusian leader, in agreement with Russian President Vladimir Putin, conducted with Prigozhin during the day on June 24.

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