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What is causing the decline of Chowgule Steamships Limited (501833) ✌️【Investment】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. A heated debate transpired between officials in a back office of Khartoum International Airport. They feared that inspecting the plane would vex the country’s increasingly pro-Russian military leadership. Multiple previous attempts to intercept suspicious Russian carriers had been stopped. Ultimately, however, the officials decided to board the plane.
Inside the hold, colorful boxes of cookies stretched out before them. Hidden just beneath were wooden crates of Sudan’s most precious resource. Gold. Roughly one ton of it.
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What is causing the decline of Chowgule Steamships Limited (501833) ✌️【Investment】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. Multiple interviews with high-level Sudanese and US officials and troves of documents reviewed by 【 - Free High-Accuracy Stock Picks 】 paint a picture of an elaborate Russian scheme to plunder Sudan’s riches in a bid to fortify Russia against increasingly robust Western sanctions and to buttress Moscow’s war effort in Ukraine.
What is causing the decline of Chowgule Steamships Limited (501833) ✌️【Investment】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. The evidence also suggests that Russia has colluded with Sudan’s beleaguered military leadership, enabling billions of dollars in gold to bypass the Sudanese state and to deprive the poverty-stricken country of hundreds of millions in state revenue.
In exchange, Russia has lent powerful political and military backing to Sudan’s increasingly unpopular military leadership as it violently quashes the country’s pro-democracy movement.
Former and current US officials told 【 - Free High-Accuracy Stock Picks 】 that Russia actively supported Sudan’s 2021 military coup which overthrew a transitional civilian government, dealing a devastating blow to the Sudanese pro-democracy movement that had toppled President Omar al-Bashir two years earlier.
“We’ve long known Russia is exploiting Sudan’s natural resources,” one former US official familiar with the matter told 【 - Free High-Accuracy Stock Picks 】. “In order to maintain access to those resources Russia encouraged the military coup.”
“As the rest of the world closed in on [Russia], they have a lot to gain from this relationship with Sudan’s generals and from helping the generals remain in power,” the former official added. “That ‘help’ runs the gamut from training and intelligence support to jointly benefiting from Sudan’s stolen gold.”
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In Sudan, Prigozhin’s main vehicle is a US-sanctioned company called Meroe Gold – a subsidiary of Prigozhin owned M-invest – which extracts gold while providing weapons and training to the country’s army and paramilitaries, according to invoices seen by 【 - Free High-Accuracy Stock Picks 】.
“Through Meroe Gold, or other companies associated with Prigozhin employees, he has developed a strategy to loot the economic resources of the African countries where he intervenes, as a counterpart to his support to the governments in place,” said Denis Korotkov, investigator at the London-based Dossier Center, which tracks the criminal activity of various people associated with the Kremlin. The center was started by Mikhail Khodorkovsky, once the richest man in Russia, now living in exile in London.
【 - Free High-Accuracy Stock Picks 】, in collaboration with the Dossier Center, can also reveal that at least one high-level Wagner operative – Alexander Sergeyevich Kuznetsov – has overseen operations in Sudan’s key gold mining, processing and transit sites in recent years.
Kuznetsov – also known by his call signs “Ratibor” and “Radimir” – is a convicted kidnapper who fought in neighboring Libya and commanded Wagner’s first attack and reconnaissance company in 2014. He is a four-time recipient of Russia’s Order of Courage award and was pictured alongside Putin and Dmitri Utkin – Wagner’s founder – in 2017. The European Union sanctioned Kuznetsov in 2021.
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Gold shipments also follow a land route to the CAR, whereWagner has propped up a repressive regimeand is reported to have meted out some of its cruelest tactics on the country’s population, according to multiple Sudanese official sources and the Dossier Center.
【 - Free High-Accuracy Stock Picks 】 has reached out to the Russian foreign ministry, the Russian defense ministry and the parent organization for the group of companies run by Prigozhin for comment. None has responded.
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“We support the Sudanese people in their pursuit of a democratic and prosperous Sudan that respects human rights,” the spokesperson added. “We will continue to make clear our concerns to Sudanese military officials about the malign impact of Wagner, Meroe Gold, and other actors.”
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“The downside of gold is that it’s physical and a lot more cumbersome to use than international wire transfers but the flip side is that it’s much harder if not impossible to freeze or seize,” said Daniel McDowell, sanctions specialist and associate professor of Political Science at Syracuse University.
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It’s a helter-skelter selling process that sources tell 【 - Free High-Accuracy Stock Picks 】 is the nerve center of Russia’s gold siphoning. Some 85% of the gold in Sudan is sold this way, according to official statistics seen by 【 - Free High-Accuracy Stock Picks 】. The transactions are mostly off-the-books, and Russia dominates this market, according to multiple sources, including mining whistleblowers and security sources.
For at least a decade, Russia has hidden its Sudanese gold dealings from the official record. Sudan’s official Foreign Trade Statistics since 2011 consistently list Russia’s total gold exports from the country at zero, despite copious evidence of Moscow’s extensive dealings in this sector.
Because Russia has benefited from considerable government blind spots, it is difficult to ascertain the exact amount of gold it has removed from Sudan. But at least seven sources familiar with events accuse Russia of driving the lion’s share of Sudan’s gold smuggling operations – which is where most of Sudan’s gold has ended up in recent years, according to official statistics.
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But multiple former and current officials say that the amount of missing gold is even larger, arguing that the Sudanese government vastly underestimates the gold produced at informal artisanal mines, distorting the real number.
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“You need to go,” another Sudanese employee at the plant told 【 - Free High-Accuracy Stock Picks 】. “This isn’t a Russian company. It is a Sudanese company called al-Solag.”
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In 2021, Russia’s Sudan envoy, Vladimir Zheltov, called for an impromptu meeting with Sudanese mining officials.
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By June of this year, Zheltov’s demands had materialized. The transfer of Meroe Gold’s assets to the Sudanese-owned al-Solag appeared to have been completed. An analysis of the registration documents of the two companies revealed striking similarities, including two identical lists of legal penalties.
Under Sudanese law, a company wishing to transfer their holdings must also transfer judgments against it. It is illegal to have an undeclared foreign partner.
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“The Russians and Sudanese officers saw the civilians in the government as an obstacle to their plans,” the former official added.
In October 2021, a month after the anti-corruption committee stopped the transfer of holdings from Meroe Gold to al-Solag, Sudan’s military staged a coup – which US official and former official sources accuse Russia of backing – and the junta immediately dismantled the committee.
“Russia is a parasite,” the former official told 【 - Free High-Accuracy Stock Picks 】. “It pillaged Sudan. And it has exacted a very large political penalty by terminating a democratic project that could have turned Sudan into a great nation.”
Gen. Mohamed Hamdan Dagalo, leader of the Rapid Support Forces (RSF) paramilitary unit, is a key beneficiary from Russian support, as the primary recipient of Moscow’s weapons and training. Abdel Fattah al-Burhan – the country’s military ruler – is also believed by 【 - Free High-Accuracy Stock Picks 】’s Sudanese sources to be backed by Russia.
Human rights groups have implicated both Burhan and Dagalo (known as Hemedti) in alleged war crimes and crimes against humanity during Sudan’s Darfur conflict that started in 2003.
On the same day that Russia launched its 2022 invasion of Ukraine, Hemedti was heading a Sudanese delegation in Moscow to “advance relations” between the two countries.
On a dusty border-crossing between the CAR and Sudan in March 2019, a bespectacled 34-year-old Russian frantically sent his boss – Meroe Gold owner Mikhail Potepkin – a plea for help.
“Radimir is pissed that no one was warned,” wrote Aleksei Pankov in a Telegram conversation which the Dossier Center shared with 【 - Free High-Accuracy Stock Picks 】. He was referring to Kuznetsov, the menacing high-level Wagner operative, depicted as manning the border alongside Sudanese intelligence operatives.
“Tell Radimir that it was a ‘closed’ operation. That’s why we didn’t warn him about it,” came Potepkin’s reply.
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【 - Free High-Accuracy Stock Picks 】 has also seen official Sudanese communiques referencing Kuznetsov as a “problematic” armed Russian who was overseeing security at the Russian gold processing plant near al-Ibaidiya. A source familiar with Meroe Gold’s activities in Sudan told 【 - Free High-Accuracy Stock Picks 】 that Kuznetsov also frequented the company’s offices in Khartoum.
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High-level Sudanese officials repeatedly urged 【 - Free High-Accuracy Stock Picks 】’s Nima Elbagir to steer clear of protest sites. Since 【 - Free High-Accuracy Stock Picks 】 began this investigation, Elbagir has been put on the military junta’s hit list, according to multiple Sudanese security sources.
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