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Xi’s Bet on Putin Looks Even More Risky After Russian Rebellion

(Bloomberg) -- Sign up to receive the Balance of Power newsletter in your inbox, and follow Bloomberg Politics on Twitter and Facebook for more.Most Read from BloombergPutin Blasts Wagner ‘Traitors’ as Prigozhin Defends RevoltStudent Loan-Relief Backers Warn Biden ‘Failure Isn’t an Option’The 10 Worst US Airports for Flight Disruptions This SummerRussia Latest: Putin Says Mutiny’s Organizers Sought to DividePickleball Injuries May Cost Americans Nearly $400 Million This Year, According to UBSEve

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Prigozhin Just Got Double-Crossed by Duplicitous Putin

Press service of Concord/Handout via ReutersOn Saturday night, with his heavily armed mercenaries closing in on Moscow, Yevgeny Prigozhin abruptly announced that he was shutting down his insurrection after a negotiated settlement that would allow him to walk away peacefully.Just two days later, the Russian authorities leaked word that the agreement was already toast. President Vladimir Putin appeared to confirm that Prigozhin had no ‘get out of jail free card’ in an address to the nation late on

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Swiss say dozens of Russian spies disguised as diplomats are active in the Alpine nation

Switzerland’s main intelligence agency says Russia continues to have dozens of spies disguised as diplomats at its embassy in Bern and its mission to the United Nations in Geneva, making the Alpine nation a hotspot for Russian espionage activity in Europe. The NDB spy agency said in its annual report Monday that Russia’s intelligence activities in Europe and North America have been weakened by the expulsion of Russian agents in recent years, but their number has remained stable in Switzerland. The report says at least a third of the 220 personnel accredited at Russia's diplomatic missions are likely intelligence agents. It attributes this in part to Switzerland hosting a large number of international organizations.

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Biden says the US and NATO had no involvement in the insurrection in Russia by a mercenary force

President Joe Biden says the United States and NATO had no involvement in the short-lived insurrection in Russia by the Wagner mercenary force. Biden says it’s “too early” to assess the impact on the war in neighboring Ukraine. Biden said Monday that he spoke to allies over the weekend and they are all in sync in working to ensure that they give Russian President Vladimir Putin “no excuse to blame this on the West." Biden said the action by the Wagner Group “was part of a struggle within the Russian system.” Biden also spoke with Ukrainian President Volodymyr Zelenskyy over the weekend and plans to do so again soon.