, Columnist
For Investors, the Russian Gun Hasn’t Fired Yet
Sorting out the uncertainties from the Wagner mutiny will take time, and there’s no obvious market play to make.
Now that the threat of mutiny is out in the open, how much more drama before it exits the stage?
Photographer: Roman Romokhov/AFP/Getty
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When you don’t know what to say, get someone else to say something. The events of the last few days in Russia have been utterly confounding. Nobody that I have heard has a confident and conclusive explanation for how the Wagner Group’s mutiny got started, or why it ended as suddenly and meekly as it did. Betting the farm on the basis of any one interpretation of these events would be madness.