Large PMC Wagner flag featuring the two individuals most closely associated with the formation and identity of the organization. On the left is Yevgeny Prigozhin, founder and financier of PMC Wagner. On the right is Dmitry Utkin, the former GRU special forces officer and Wagner field commander whose call sign, "Wagner," gave the group its name. Centered between them is the skull-and-crosshairs Wagner combat emblem, framed by a red halo motif and accompanied by the slogan "The Musicians Known Throughout the World."
The design combines the organization's political leadership, military leadership, and most recognizable insignia into a single commemorative banner. Black, red, and white coloration reflects the visual style commonly associated with Wagner propaganda materials, morale items, and field-displayed banners.