Russia’s security service has reportedly found £38million in cash after raiding the Wagner HQ in St Petersburg.

Yevgeny Prigozhin has confirmed that a large amount of money, which was stashed in a van and two buses on the property, was found during the raid by Putin‘s FSB troops – and belongs to the mercenary group.  

He provided no detail of how much the stash was worth, but earlier Russian media outlets reported it was around £4billion rubles, or £38million.  

In an audio message on Telegram he explained that the funds are dedicated to covering compensation payments of killed Wagner soldiers. 

‘Wagner has been operating for the past 10 years using only cash – as agreed in our contract. I fully adhere to it,’ he said. 

The raid comes as Moscow is preparing for war ahead of the expected arrival of Russia’s Wagner militia forces within hours.

A number of restrictions have now been introduced around the Russian capital following a decree from the governor as the Wagner group advances north towards Moscow after seizing a key military base earlier today.

Wagner chief Yevgney Prigozhin initiated a military coup against Putin overnight, which has seen the group take key cities and threaten the President, who called them ‘traitors’.