Manafort Got $60 Million from Russian Oligarch

Manafort Got $60 Million from Russian Oligarch October 16, 2017

Turns out that former Trump campaign manager Paul Manafort made even more money from a Russian oligarch with close ties to Vladimir Putin than we knew previously. NBC News has now found $60 million in total payments from Oleg Deripaska, a multi-billionaire who is a close Putin adviser.


Paul Manafort, a former campaign manager for President Donald Trump, has much stronger financial ties to a Russian oligarch than have been previously reported.

An NBC News investigation reveals that $26 million changed hands in the form of a loan between a company linked to Manafort and the oligarch, Oleg Deripaska, a billionaire with close ties to the Kremlin.

The loan brings the total of their known business dealings to around $60 million over the past decade, according to financial documents filed in Cyprus and the Cayman Islands.

Cyprus is a key player in all of this. It’s the place where Russian oligarchs and organized crime (but I repeat myself), including Putin himself, launder their money through banks. And guess who was vice chairman of the Bank of Cyprus, the largest bank that deals with all that? Trump’s Commerce Secretary Wilbur Ross. While he was on the board of the bank, part of its holdings were sold to a Russian bank that was under sanction by the United States. Ross himself rescued the Bank of Cyprus with a 400 million Euro investment in 2004.

There are just so many connections here that send up huge red flags. And that $60 million doesn’t even include the roughly $13 million in secret payments made by corrupt former Ukrainian leader Viktor Yanukovych to Manafort. Yanukovych is also a close ally of Putin’s. You can bet that all of this is being looked at by Robert Mueller.

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