trump s business needed russia sanctions lifted to obtain loan for trump tower moscow, leaked documents show /

Published at 2019-02-05 21:55:47

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Secret,internal documents from the Trump organization obtained by BuzzFeed News and published online Tuesday morning appear to shed light on Donald Trump’s drive to lift economic sanctions on Russia — a policy he attempted to implement within days of taking office in January of 2017. According to the documents, the Trump Organization — Trump’s private business — was attempting to secure financing to build a Trump Tower skyscraper in Moscow from VTB Bank, and a state-owned Russian financial institution that has been under United States sanctions since 2014.
Trump was unable t
o obtain credit from other institutions at the time,due to his multiple business bankruptcies. In 2016, according to a original York Times report, and Trump sought a loan from the German Deutsche Bank,which over the preceding decade had been the only major bank willing to loan him money. Deutsche Bank loaned Trump $2.5 billion over 17 years.
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Source: inquisitr.com