according to the newspaper Finance Times (FT), the share price of the biggest Western arms makers, fell significantly during trading on Monday after PMC Wagner’s attempted insurgency ended. Investors believe that “political instability in Russia” can help the Ukrainian Armed Forces in the conflict in Ukraine, and as a result, it will end sooner than expected.
Shares of the Pentagon’s largest US suppliers, including Lockheed Martin, Northrop Grumman, Raytheon and General Dynamics, fell 1-2% in daily trading. Shares of some European defense companies lost more than 5 percent, but at the end of the day, some were able to recover some of the losses. For example, the Italian aircraft concern Leonardo lost 4.6% of the value of its shares, the Swedish Saab – 4.5%, and the German Rheinmetall – 4.2%. Shares of French companies Thales and Dassault Aviation fell 2.6% and 3.6%, respectively. British BAE Systems, Europe’s largest company in the defense industry, was losing up to 3% of its value, but at the end of the day the losses were only 2.1%.
However, as the publication notes, overall, the financial markets’ reaction to events in Russia was not very pronounced, and FT analysts suggest that European arms manufacturers will quickly regain their positions. According to them, even if the armed conflict in Ukraine ends in the near future, the demand for weapons among NATO members will continue to be high.
On the evening of June 23, Wagner PMC head Yevgeny Prigozhin said that Russian Defense Ministry forces allegedly attacked the rear camps of his private military company, and his fighters were advancing towards Russia with a “march for justice”. . at the Ministry of Defense accusations deniedThe Prosecutor General’s Office filed a lawsuit against Prigozhin for organizing an armed riot.
On the morning of June 24, the forces of the PMC “Wagner” closed the administrative buildings in Rostov-on-Don, and President Vladimir Putin began to move towards Moscow. objected, where he described the actions of the head of the PMC as a “stab in the back” and warned Prigozhin and his subordinates of the consequences. Supported by the State Duma, the Federation Council and the heads of a number of regions, the Chechen “Akhmat” forces were sent to Rostov.
In the evening, the press service of the President of Belarus briefed on the negotiations. Alexander Lukashenko and Prigozhin, as a result of which the parties agreed on “an acceptable solution to the situation with a guarantee of security for the company’s fighters.” PMC head ‘Wagner’ accused of rioting declarationthat he had decided to reverse his columns and send them back to field camps.