- Felix Sater, a Russian-born businessman and associate of President Donald Trump, confirmed Friday that the Trump Organization was pursuing a deal with a sanctioned Russian bank at the height of the 2016 election.
- The company was trying to secure financing for a Trump Tower in Moscow from Russia’s VTB Bank through a local developer.
- The US imposed sanctions on VTB in 2014 and 2015, which froze its assets in the country and blocked US entities from doing business with the bank.
- The revelation will be of interest to special counsel Robert Mueller, who recently subpoenaed the Trump Organization for documents related to the Trump Tower Moscow deal.
Felix Sater, a Russian-born businessman with financial ties to the Trump Organization, confirmed Friday that President Donald Trump’s business was privately negotiating a deal with a sanctioned Russian bank during the 2016 US election.
The detail first emerged in a status report that democrats on the House Intelligence Committee released earlier this week in response to Republicans’ decision to shut down the committee’s Russia investigation. The report outlined dozens of leads — including witness testimony, document requests, and subpoenas — the minority said it was not able to pursue.See the rest of the story at Business Insider
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