Lord_Byron28
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Donald Trump and the political action committees for Mitch McConnell, Marco Rubio, Scott Walker, Lindsey Graham, John Kasich and John McCain accepted $7.35 million in contributions from a Ukrainian-born oligarch who is the business partner of two of Russian president Vladimir Putin's favorite oligarchs and a Russian government bank.
During the 2015-2016 election season, Ukrainian-born billionaire Leonid "Len" Blavatnik contributed $6.35 million to leading Republican candidates and incumbent senators. Mitch McConnell was the top recipient of Blavatnik's donations, collecting $2.5 million for his GOP Senate Leadership
Oleg Deripaska is the founder and majority owner of RUSAL, the world's second largest aluminum company, based in Russia. Len Blavatnik owns a significant stake in RUSAL and served on its Board until November 10, 2016, two days after Donald Trump was elected. Blavatnik's resignation from RUSAL's board was published on the company's website with a note in all caps: "NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES."
Deripaska controls RUSAL with a 48 percent majority stake through his holding company, EN+ Group, and the Russian government owns 4.35 percent stake of EN+ Group through its second-largest state owned bank, VTB. VTB was exposed in the Panama papers in 2016for facilitating the flow of billions of dollars to offshore companies linked to Vladimir Putin and is under sanctions by the U.S. government.
Deripaska has been closely connected to the Kremlin since he married into Boris Yeltsin's family in 2001, which literally includes him in the Russian clan known as "The Family."According to the Associated Press, starting in 2006, Deripaska made annual payments of $10 million to Paul Manafort through the Bank of Cyprus to advance Putin's global agenda.
Len Blavatnik's co-owner in RUSAL is his long-time business partner, Viktor Vekselberg, another Russian oligarch with close ties to Putin. Blavatnik and Vekselberg hold their 15.8 percent joint stake in RUSAL in the name of Sual Partners, their offshore company in the Bahamas. Vekselberg also happens to be the largest shareholder in the Bank of Cyprus.
Another oligarch with close ties to Putin, Dmitry Rybolovlev, owns a 3.3 percent stake in the Bank of Cyprus. Rybolovlev is known as "Russia's Fertilizer King" and has been in the spotlight for several months as the purchaser of Trump's 60,000 square-foot mansion in Palm Beach. Rybolovlev bought the estate for $54 million more than Trump paid for the property at the bottom of the crash in the U.S. real estate market.
While there have been tensions between Putin and Deripaska over the years, the Kremlin came to Deripaska's rescue in 2009 when he was on the verge of bankruptcy by providing a $4.5 billion emergency loan through state-owned Vnesheconombank (VEB), where Putin is chair of the advisory board.
VEB, known as President Putin's "pet bank," is now in crisis after sanctions applied by Europe and U.S. in 2014 have isolated it from the international banks that were the sources of its nearly $4 billion in hard currency loans that, according to Bloomberg, mature this year and in 2018.
Russia's international currency reserves are near a 10-year low, which has put further pressure on the president of VEB, Sergey Gorkov, to find sources of international rescue capital. Notably, it was Gorkov who met secretly with Jared Kushner in December at Trump Tower.
https://www.dallasnews.com/opinion/...connects-russian-oligarch-money-gop-campaigns
More at the link.