Alexander Shnaider, a Russian-Canadian developer who built the 65-story Trump International Hotel and Tower, put money into the project after receiving hundreds of millions of dollars from a separate asset sale that involved the Russian bank, whose full name is Vnesheconombank.
Mr. Shnaider sold his company’s share in a Ukrainian steelmaker for about $850 million in 2010, according to S&P Global Market Intelligence. According to two people with knowledge of the deal, the buyer, which hasn’t been identified publicly, was an entity acting for the Russian government. VEB initiated the purchase and provided the money, these people say.
U.S. investigators are looking into any ties between Russian financial institutions, Mr. Trump and anyone in his orbit, according to a person familiar with the probe. As part of the investigation, they’re examining interactions between Mr. Trump, his associates and VEB, which is now subject to U.S. sanctions, said another person familiar with the matter. The Toronto deal adds a new element to the list of known connections between Mr. Trump’s associates and Russia.
Not sure what the big issue is regarding Russian business people purchasing property; a Saudi prince owned the Royal York for years and nobody complained. Believe it or not, not everybody in Russia knows Putin. As Canadians, don't we get upset with the "Do you know Joe from Canada" questions from Americans? Enough already!