Donald Trump has been in the news a lot lately, and it’s not just because of his policies. There is speculation that he may have financial ties to Russian oligarchs, and some are calling for an investigation. It will be interesting to see how this all plays out, but one thing is for sure: this is not good news for Trump.
Trump Debt To Russian Oligarchs
President Donald Trump has claimed that he has no financial interests in Russia to separate himself from the claims of conspiracy. Not for want of effort, though: According to his book The Art of the Deal, Trump began making efforts to open a hotel in Moscow at least as early as 1987, when he spoke with Yuri Dubinin, the Soviet ambassador, about the idea.
Beyond whether Trump conducts business with Russia, however, are the issues surrounding possible cooperation between the Trump campaign and the Russian authorities. Understanding the various ways that Russia does business with Donald Trump is crucial, if not more so.
It is not necessarily evil that Kremlin-affiliated organizations made major investments in Trump’s properties over time.
Rich Russians have made significant real estate investments in the West since the collapse of the Soviet Union, and Americans have been urged to do the same.
However, given that the president is the subject of numerous investigations into his ties to the Kremlin, it is important to pay particular attention to Russia’s significant contribution to Trump’s recovery from the financial difficulties that almost led to the collapse of his real estate business.
Through the oligarchs that President Vladimir Putin assisted in creating and is now in charge of, the story of a man who owes money to Russia comes to light.
Trump temporarily cut ties with the Trump Organization after taking office, handing daily management to his sons Eric and Donald Trump Jr. Leaked internal emails imply he may still have more control over the Trump World Tower Organization’s operations than he publicly admits, but he still owns and benefits from the business, giving him a continuing interest in preserving the connections that keep it successful.
Additionally, the contacts and transactions outlined below happened before he entered politics, at a time when he was reportedly exercising almost unilateral control over the company, according to both internal and external sources.
These connections serve as both the individual and communal foundation for the Russian crisis. Compromise information, or kompromat, has a long history of being used by the Kremlin to exercise influence over companies and officials, both domestically and overseas.
Because of this, it is more complicated to determine if Trump is financially compromised than simply determining whether he or his business is directly indebted to Russian banks, which the president claims to be false but has yet to prove by disclosing his tax returns.
Given the strong evidence that Donald Trump and the Trump Organization have participated in dubious legal procedures, many of which are listed below, the president’s numerous financial relationships with people from Russia and the former Soviet Union may offer Russia access to such kompromat.
Note Regarding Russian Oligarchies
This explanation goes into great length on Trump’s many business connections with Russian oligarchs who serve as the Kremlin’s go-to men. This is because Russian oligarchs are frequently seen as an extension of the Russian state.
Many of them are former Soviet officials or occupy positions of authority in former Soviet territories where the Russian government still exercises major influence.
Others are senior executives at state-owned businesses in Russia like Rosneft, an oil and gas conglomerate, or the country’s two state-run development banks, Vnesheconombank and Vneshtorgbank.
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