The Russia story keeps getting worse for President Trump.
In what is being called a “bombshell accusation” by The Sun, further light is being shed on Trump’s Russia connection and why he might be compromised by them as president.
According to the former head of British spy agency M16 Sir Richard Dearlove, Trump’s business empire was allowed to remain afloat due to Russian loans following the 2008 financial collapse when no one in the United States would give money to him.
“What lingers for Trump may be what deals — on what terms — he did after the financial crisis of 2008 to borrow Russian money when others in the west apparently would not lend to him,” Dearlove said.
ABC News previously released a report saying that Trump had received “hundreds of millions” of Russian money and that it had been flowing into his bank account for years.
“His real estate fortunes have benefited greatly from Russian investors and their millions, potentially putting a get tough on policy with Russia in direct conflict with his bottom line.”
The issue of Trump being able to separate himself from his business as president has been brought up before, but given the scope of the investigation, it’s unlikely Trump will be able to divest himself from his real estate empire like he says he would. Anything Trump does as president has an impact on his business and Trump is allowed to continually take money out of the account – he directly benefits.
Trump has previously said that he had “ZERO investments in Russia.” He told ABC’s George Stephanopoulos “will I sell condos to Russians on occasion? Probably. I mean, I do that. I have a lot of condos. I do that. But I have no relationship to Russia whatsoever.”
The ABC News investigation proves that statement isn’t true. They have uncovered numerous connections to Russian interests both in the U.S. and aboard.
“The level of business amounts to hundreds of millions of dollars — what he received as a result of interaction with Russian businessmen,” said Sergei Millian, who heads a U.S.-Russia business group and who says he once helped market Trump’s U.S. condos in Russia and the former Soviet states. “They were happy to invest with him, and they were happy to work with Donald Trump. And they were happy to associate—[and] be associated with Donald Trump.”
Right now no one fully knows the extent of Trump’s business dealings because he’s refusing to release all his financials. We do know, however, that Trump has a long list of conflicts of interest with other banks. Mother Jones compiled a full report, here.
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