Hunter Biden received a $3.5 million wire transfer from Elena Baturina, the richest woman in Russia and the widow of Yury Luzhkov, the former mayor of Moscow, Senate Republicans revealed in their report on the younger Biden’s work in Ukraine.
Baturina is referenced in the 870page report, which was released Wednesday, addressing her payment to Biden’s investment firm (Rosemont Seneca Thornton) in early 2014.
“Baturina became Russia’s only female billionaire when her plastics company, Inteko, received a series of Moscow municipal contracts while her husband was mayor,” it said in providing background on the businesswoman. The report described her involvement with Biden as “a financial relationship,” but declined to delve deeper into why the wire transfer was made.
The probe also found that Baturina sent 11 wires transfers between May and December 2015 to a bank account belonging to BAK USA, a tech startup that filed for bankruptcy in March 2019. The report reads, “Between May 6, 2015 and Dec. 8, 2015, Baturina sent 11 wires in the amount of $391,968.21 to a bank account belonging to BAK USA LLC (BAK USA). Nine of the 11 transactions, totaling $241,797.14 were sent from Baturina’s accounts to a Rosemont Seneca Thornton bank account, which then transferred to the money to BAK USA. The 11 transactions all listed ‘Loan Agreement’ in the payment details section.
Trump was never able to successfully conclude any real estate deals in Russia. However, individual Russians have invested heavily in Trump properties, and following Trump's bankruptcies in the 1990s he borrowed money from Russian sources. In 2008 his son Donald Trump Jr. said that Russia was an important source of money for the Trump businesses.
Do you clowns really want to raise a stink about Russian money?