Over the past week, details of Donald Trump’s ties to Russia have seemingly surfaced, despite his best efforts to keep them hidden. Now, despite having claimed countless times that he has no business ties to Russia, evidence proving the opposite has surfaced.
‘I don’t know Putin, have no deals in Russia, and the haters are going crazy – yet Obama can make a deal with Iran, #1 in terror, no problem!’
I don't know Putin, have no deals in Russia, and the haters are going crazy – yet Obama can make a deal with Iran, #1 in terror, no problem!
— Donald J. Trump (@realDonaldTrump) February 7, 2017
‘This Russian connection non-sense is merely an attempt to cover-up the many mistakes made in Hillary Clinton’s losing campaign.’
This Russian connection non-sense is merely an attempt to cover-up the many mistakes made in Hillary Clinton's losing campaign.
— Donald J. Trump (@realDonaldTrump) February 15, 2017
According to a new report from the Wall Street Journal, the Toronto, Canada Trump International Hotel and Tower was allegedly financed by a Russian government-backed bank and, to make matters even worse, the deal was reportedly signed by Russian President Vladimir Putin himself.
WSJ claims Trump originally owned a stake in the hotel, though he now denies it, instead saying that the Trump Organization just manages the hotel and “had no involvement in any financial dealings with VEB” over the course of project aside from licensing, branding, and managing the hotel residences.
Regardless, a Russian government-run bank called VEB signed a deal to finance the Toronto Trump International Hotel and Tower when President Vladimir Putin was the chairman of the banks supervisory board. This means Putin personally approved all major deals the bank agreed to finance, thus dotting the I’s and crossing the T’s that secured the financing for the construction of Trump’s Canadian hotel.
The transaction raises a number of red flags, as “VEB has long been viewed by Russian analysts as a vehicle for the Russian government to fund politically important projects,” according to the WSJ. Furthermore, VEB was placed on a US sanctions list in an effort to punish the Russian government for its invasion of Crimea.
To make matters worse, Trump’s son-in-law and senior White House adviser Jared Kushner met with VEB at the New York Trump Tower following Trump’s election victory last November.
The 65-story tower was built by Russian-Canadian developer Alexander Shnaider, who also helped fund the project, as it was faced with several financial curveballs at the time.
Featured Image via Getty Images/Mikhail Svetlov.