Thursday, May 18, 2017

A Russian state bank reportedly financed an $850 million deal with a Trump business partner

Last week, lawyers representing President Donald Trump issued a circuitously written letter seeking to minimize the allegations that their client — who, again, is the president of the United States of America — has potentially compromising financial ties to the Russian government.

This week, the Wall Street Journal reported that the president's business ties to Russian state institutions go deeper than previously known. The Journal said on Wednesday that the state-run bank Vnesheconombank (VEB) financed an $850 million deal with Russian-Canadian real estate developer Alexander Schnaider — who then funded the construction of a Trump-branded hotel in Toronto. ...
https://thinkprogress.org/russian-bank-involved-with-trump-business-partner-ac1393e9d95c


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