President Needed Financing From US Sanctioned Russian Bank VTB Is Old News From March 2018

Donald Trump and Felix Sater (center) in 2007.
Donald Trump and Felix Sater (center) in 2007./Patrick Mcmullan / Getty Images

I and most of my blogging family had figured out quite awhile ago that the republican President Donald Trump was acting like the perfect Russian asset. It looked like the president had a deal to somehow figure out how drop the 2014 US sanctions against Russia because of its unprovoked invasion and illegal annexation of Crimea, Ukraine, in exchange for Russia helping Mr. Trump win the presidency. We could do nothing more than speculate that President Trump had plans to benefit financially in the future from this Russian deal.

But in March 2018, an old buddy of the president, Felix Sater spilled the beans about their plans with Michael Cohen to develop the Moscow Trump Towers with financing from a US sanctioned Russian Bank VTB. As per the below Business Insider report, Sater claimed that he and President Trump’s longtime personal lawyer, Michael Cohen, were pushing for the deal with VTB in Moscow at the height of the presidential election, in late 2015 and early 2016. In order to pull this project off, they needed to figure out how to get those pesky US sanctions dropped.

Trump and Putin pose for the media Photograph: Kevin Lamarque/Reuters

Can you just picture how Russia’s President Vladimir Putin felt after he helper Donald Trump become the 45th US president and when he didn’t get those sanctions dropped? The only question left is, what kind of demands was he making in exchange for all his efforts and for his silence from President Trump. No wonder President Trump has been scared to death of him. It was just fortunate for President Trump that there were GOP lawmakers who were willing to help the him cover up his compromised situation.

But because of the persistence of the FBI’s Special Counsel Robert Mueller III and his team overseeing the Trump-Russia probe started in 2016, a lot of this data will become public with more details within the near future.

Architectural renderings of the proposed Trump Tower in Moscow.
Architectural renderings of the proposed Trump Tower in Moscow./ BuzzFeed

Here’s the rest of the story…

On March 17, 2018, Sonam Sheth of Business Insider penned the following report,  “Russian-born businessman Felix Sater has confirmed a bombshell detail in the Russia investigation

Excerpts:

  • “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.”

Image result for PHOTOS vtb bank in russia

“VTB, a Russian state-owned bank, was initially added to the US’s Specially Designated Nationals List (SDN) in July 2014, which froze its assets in the country and restricted US citizens and companies from doing business with VTB and its subsidiaries. The US later imposed additional sanctions on VTB in December 2015.”

“Sater and Trump’s longtime personal lawyer, Michael Cohen, were pushing for the deal with VTB in Moscow at the height of the presidential election, in late 2015 and early 2016. The revelation will likely draw sharp scrutiny from the special counsel Robert Mueller, who recently subpoenaed the Trump Organization for documents related to the Trump Tower Moscow deal.”

Felix Sater

“Sater first sent a non-binding letter of intent to Cohen outlining the terms of the “Trump World Tower Moscow” deal on October 13, 2015, The New York Times previously reported. Andrey Rozov, a Russian investor, had already signed it by the time Sater forwarded it to Cohen, and Trump signed the letter.”

“Weeks later, the two men exchanged a series of emails gearing up to celebrate the Trump Tower Moscow deal. In the emails, obtained by The Times, Sater bragged about his relationship with Russian President Vladimir Putin and told Cohen he would “get all of Putins team to buy in” on the deal.”

Image result for photos of cohen and felix sater
SATER/ COHEN/ TRUMP

“Our boy can become president of the USA and we can engineer it,” Sater wrote, according to The Times.

“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.”

Image result for photos of cohen and felix sater

“On Friday, Sater told MSNBC host Chris Hayes that a local developer in Russia worked on behalf of the Trump Organization to secure financing for a Trump Tower in Moscow from VTB Bank, Russia’s second-largest bank and a US-sanctioned entity.”

“I had a local developer there [in Russia], and I had the Trump Organization here [in the US], and I was in the middle,” Sater said. “And the local developer there would have gotten financing from VTB and/or another Russian bank, but VTB at that point was the go-to bank for real-estate development.”

“Sater added: “I will get Putin on this program and we will get Donald elected.”

Image result for photos of cohen and felix sater

“Sater walked back his comments in an interview with BuzzFeed, telling the outlet he had exaggerated his relationship with Putin in order to secure the deal. On Friday, he told Hayes that his communications with Cohen were not meant to be “something surreptitious.”

“It wasn’t my deal,” Sater said. “I put the deal together. I came through Michael Cohen. Part of the emails is, I’ve known him since I’m a teenager. So it’s basically two old friends saying, hey, our guy can become president. We were excited.”

8 comments

  1. Gronda, as discussed for many months, the primary goal of Trump’s running for office and surprise win was and is to enrich himself. The two terms that come to mind are “conflict of interest” and “gross negligence.” He is guilty of more than obstruction of justice. The question is how much more? Keith

    Liked by 2 people

    • Dear Keith,

      At the very least, President Trump gave Russia leverage over himself because of his secret dealings with Russia. I am wondering what demands President Putin has pressured President Trump for in return for Russia assisting him his win while Russia did not have US sanctions against Russian businesses and officials.

      You are right in questioning how much more has President Trump and his GOP sycophants have compromised US national security interests.

      Hugs, Gronda

      Liked by 1 person

      • Gronda, your point is so very important. We jeopardize our security by not living up to our ideals. When we look past them to make transactions, we all suffer. Without pushback, people like Putin, MSB, etc. will keep cutting corners and people. Keith

        Liked by 2 people

  2. And what with the continued and historical-driven efforts for Russia to win back the whole of the Black Sea and eventually bring the whole of the Ukraine back under its thrall Trump is finding the world and lot more complex than he could ever comprehend.
    Thus does the marriage twixt Trump and Putin start to fray….and the divorce will be messy.
    Such an Oaf.

    Liked by 2 people

  3. Essentially, it doesn’t really matter all that much if negotiations broke off in early 2016 … or later. The major point is tRumpsky was (is) interested in extending his business into Russia … and no matter how he tries to define his efforts (I was just promoting my business … I never really expected to win … etc.), the fact remains he wants Russia on his side.

    After all, he won’t be president forever.

    Liked by 2 people

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