Trump says he doesn’t have investments in Russia, but that’s not the whole story. It appears that Russians have big investments in Trump’s developments. Trump claims he doesn’t know where the money comes from, but it is clear he has sought to capture the enormous amounts of capital pouring out of the former Soviet Union. By his own admission, The Financial Times says, Trump “has agreed to serve as the public face of a murky business.” The paper describes one relationship this way:
During the first decade of this century, Donald Trump began doing business with an unlikely partner — Bayrock, a New York property developer founded only a few years before by a Soviet-born newcomer to the US named Tevfik Arif.
The Republican presidential nominee and Bayrock were both based in Trump Tower and they joined forces to pursue deals around the world — from New York, Florida, Arizona and Colorado in the US to Turkey, Poland, Russia and Ukraine. Their best-known collaboration — Trump SoHo, a 46-storey hotel-condominium completed in 2010 — was featured in Mr Trump’s NBC television show The Apprentice.
Yet when Mr Trump testified under oath in 2011 about his relationship with Mr Arif’s company, he confessed that he found his partners puzzling. Mr Trump said he knew what they did. But he said he was unsure of exactly who they were. …
Mr Trump’s Bayrock blind spot gains significance in the context of this year’s presidential race. Mr Trump has taken a stance on Russia that is at odds with US political orthodoxy — praising President Vladimir Putin’s leadership skills and saying he would consider lifting sanctions imposed on Russia after its 2014 annexation of the Crimean peninsula in Ukraine. Critics have asked whether Mr Trump’s business interests might be colouring his policies.
Source: The Financial Times (paywall)