Russian state-run bank financed Toronto Trump hotel through mystery buyer: report
"A new report in the Wall Street Journal reveals that a Trump-branded hotel in Toronto received an urgently needed cash injection via a deal financed by a Russian state-run bank. According to the Journal, government-owned VEB helped former Trump hotel partner Alexander Shnaider arrange an asset sale involving a share in a Ukrainian steel firm worth $850 million. Shortly after Shnaider completed the deal, he quickly began injecting cash into the Trump Toronto project, which the Journal notes was financially troubled at the time of the sale. Although the buyer of the share hasn’t been publicly identified, two sources tell the Journal that it was “an entity acting for the Russian government"."
