Think Progress - 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 Schnaide r— who then funded the construction of a Trump-branded hotel in Toronto.
A lawyer for Schnaider told the Journal that he is “not able to confirm that any funds … went into the Toronto project” from the VEB deal. The letter from Trump’s lawyers would seem not to apply to transactions between Russian state entities and Trump business partners, where the money could indirectly—but decisively—go toward supporting Trump projects.
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