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Tensions Rise Between Wagner Group and Defense Ministry

RUSSIA
  • Wagner group leader Yevgeny Prigozhin said he would pull his forces from Bakhmut in eastern Ukraine if the military command in Moscow doesn’t provide more ammunition, Bloomberg report, in what is the latest sign of tension between the mercenary group and Russia’s defense ministry. If sufficient ammunition isn’t provided right away, Prigozhin said he would “consider it necessary” to complain to President Vladimir Putin.
  • Authorities in Kyiv said air defense systems were working after Russian missile strikes early Monday morning set off air sirens in the capital and across the country. A Russian missile on Friday struck an apartment building in Uman, south of Kyiv, killing 23 civilians.

This week’s data releases:

  • 02/05: Manufacturing PMI (Prior: 53.2)
  • 03/05: Retail Sales (Est: -4.9% y/y); Unemployment Rate (Est: 3.6%); Real Wage Data (Est: 0.9% y/y)
  • 04/05: Services PMI, Composite PMI, Weekly CPI data
  • 05/05: Gold and FX reserve data
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