Report: Russian bank whose CEO met secretly with Jared Kushner helped finance Trump’s Toronto hotel
A Russian state-owned bank under US sanctions, whose CEO met with President Donald Trump’s son-in-law in December, helped financed the construction of the president’s 65-story Trump International Hotel and Tower in Toronto, according to a new report.
.. Mr. Shnaider injected more money into the Trump Toronto project, which was financially troubled. Mr. Shnaider’s lawyer, Symon Zucker, said in an April interview that about $15 million from the asset sale went into the Trump Toronto project.
.. The Trump Organization has distanced itself from the Toronto project, which faced financial difficulties last year. The organization “merely licensed its brand and manages the hotel and residences,” it told The Journal in a statement.
.. The project was initially a joint venture between Trump and Shnaider
.. Jared Kushner, Trump’s son-in-law and a top White House adviser, met with the Vnesheconombank CEO Sergey Gorkov in December, The New York Times reported in late March.
.. At the time, Kushner was trying to find investors for an office building on Fifth Avenue in Manhattan.
.. the meeting was reportedly orchestrated by Russia’s ambassador to the US, Sergey Kislyak, who also met with Kushner in December