Crisis in Russia
July 3, 2023

Lieutenant General David Deptula
United States Air Force (Ret.)Advisory Board Member, Academy Securities

Major General Mastin Robeson
United States Marine Corps (Ret.)Advisory Board Member, Academy Securities

Rachel Washburn
United States Army VeteranVice President, Geopolitical Strategy, Academy Securities

Staff Sergeant Andrew Robinson
United States Marine Corps (Ret.)Vice President, Capital Markets, Academy Securities

Peter Tchir
Head of Macro Strategy, Academy SecuritiesTable of Contents
Introduction
What led up to the crisis in Russia
Wagner chief Prigozhin’s march on Moscow and why it stopped
How this crisis will have an impact on President Putin
Future of the Wagner Group
Macroeconomic implications
What this means for the war in Ukraine
Relationship between Russia and China
Conclusion