RUSSIA Authorizes More Private Armies as Drone Attacks Risk Shutdown of Oil & Gas Industry

Video Summary

The Russian economy is facing significant challenges due to the ongoing Ukraine war. Private military companies are becoming increasingly important, with Russia’s Parliament recently approving the establishment of a private army by the gas company Novatek. This is not the first time Russia has allowed private companies to set up their own armies, with the Wagner group, led by Yevgeny Privalov, being a notable example.

Private military companies can provide a range of services, from security services to armed combat. Two ends of the spectrum exist, with companies supporting facilities in unstable countries and those fighting in military conflicts. The Wagner group, for instance, was set up to provide military support in Ukraine.

Russia’s decision to allow private companies to set up their own armies is a significant turn of events. This move may help Russia to reduce the financial burden of defending its oil and gas facilities, which are currently under threat from drone attacks by Ukraine. By allowing private companies to set up their own defense systems, Russia can focus on other areas, such as the war in Ukraine.

However, there are risks involved, as seen with the case of Yevgeny Privalov, who attempted to launch a civil war in Russia. The Russian state must ensure that private companies operating in the country do not pose a threat to national security. Despite these risks, Russia’s decision to allow private military companies is likely to have far-reaching implications for the country’s oil and gas industry, its finances, and its ability to continue the war in Ukraine.

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