The Republican nominee for president has deep ties to Russia and it’s head of state Vladimir Putin that long preceded his friendship with Paul Manafort. And, as Charlie Pierce said, this should raise alarm bells for anyone concerned about democracy. Pierce leads us to an in depth article by Josh Marshall at Talking Points Memo that examines just how close Donald Trump is connected to Putin. It ain’t just Paul Manafort. Follow the money
Over the last year there has been a recurrent refrain about the seeming bromance between Donald Trump and Russian President Vladimir Putin. More seriously, but relatedly, many believe Trump is an admirer and would-be emulator of Putin’s increasingly autocratic and illiberal rule. But there’s quite a bit more to the story. At a minimum, Trump appears to have a deep financial dependence on Russian money from persons close to Putin. And this is matched to a conspicuous solicitousness to Russian foreign policy interests where they come into conflict with US policies which go back decades through administrations of both parties. There is also something between a non-trivial and a substantial amount of evidence suggesting Putin-backed financial support for Trump or a non-tacit alliance between the two men. [..]
Let’s start with the basic facts. There is a lot of Russian money flowing into Trump’s coffers and he is conspicuously solicitous of Russian foreign policy priorities.
I’ll list off some facts.
1. All the other discussions of Trump’s finances aside, his debt load has grown dramatically over the last year, from $350 million to $630 million. This is in just one year while his liquid assets have also decreased. Trump has been blackballed by all major US banks.
2. Post-bankruptcy Trump has been highly reliant on money from Russia, most of which has over the years become increasingly concentrated among oligarchs and sub-garchs close to Vladimir Putin. Here’s a good overview from The Washington Post, with one morsel for illustration … [..]
3. One example of this is the Trump Soho development in Manhattan, one of Trump’s largest recent endeavors. The project was the hit with a series of lawsuits in response to some typically Trumpian efforts to defraud investors by making fraudulent claims about the financial health of the project. Emerging out of that litigation however was news about secret financing for the project from Russia and Kazakhstan. Most attention about the project has focused on the presence of a twice imprisoned Russian immigrant with extensive ties to the Russian criminal underworld. But that’s not the most salient part of the story. As the Times put it,
“Mr. Lauria brokered a $50 million investment in Trump SoHo and three other Bayrock projects by an Icelandic firm preferred by wealthy Russians “in favor with” President Vladimir V. Putin, according to a lawsuit against Bayrock by one of its former executives. The Icelandic company, FL Group, was identified in a Bayrock investor presentation as a “strategic partner,” along with Alexander Mashkevich, a billionaire once charged in a corruption case involving fees paid by a Belgian company seeking business in Kazakhstan; that case was settled with no admission of guilt.”
Another suit alleged the project “occasionally received unexplained infusions of cash from accounts in Kazakhstan and Russia.”
Sounds completely legit.
Read both articles: After his bankruptcy and business failures roughly a decade ago Trump has had an increasingly difficult time finding sources of capital for new investments. As I noted above, Trump has been blackballed by all major US banks with the exception of Deutschebank, which is of course a foreign bank with a major US presence. He has steadied and rebuilt his financial empire with a heavy reliance on capital from Russia. At a minimum the Trump organization is receiving lots of investment capital from people close to Vladimir Putin.
This most likely the primary reason that Trump is refusing release his tax returns and, possibly the reason he is being audited.
Marshall goes onto discussing Manafort who was top campaign and communications advisor for Viktor Yanukovych, ally of Putin, the pro-Russian Ukrainian Prime Minister and then President. He also points out that trump’s foreign policy advisor, Carter Page, has investment and employment ties in Russia, specifically with Gazprom, the Russian national energy company. Putin has also thrown the force of the Russian controlled media behind supporting Trump.
But what really piqued Marshall’s interest in the Putin connection was this:
The Trump Camp was totally indifferent to the platform. So party activists were able to write one of the most conservative platforms in history. Not with Trump’s backing but because he simply didn’t care. With one big exception: Trump’s team mobilized the nominee’s traditional mix of cajoling and strong-arming on one point: changing the party platform on assistance to Ukraine against Russian military operations in eastern Ukraine. For what it’s worth (and it’s not worth much) I am quite skeptical of most Republicans call for aggressively arming Ukraine to resist Russian aggression. But the single-mindedness of this focus on this one issue – in the context of total indifference to everything else in the platform – speaks volumes. [..]
To put this all into perspective, if Vladimir Putin were simply the CEO of a major American corporation and there was this much money flowing in Trump’s direction, combined with this much solicitousness of Putin’s policy agenda, it would set off alarm bells galore. That is not hyperbole or exaggeration. And yet Putin is not the CEO of an American corporation. He’s the autocrat who rules a foreign state, with an increasingly hostile posture towards the United States and a substantial stockpile of nuclear weapons. The stakes involved in finding out ‘what’s going on’ as Trump might put it are quite a bit higher.