New details emerge on Moscow real estate deal that led to the Trump-Kremlin alliance

Michael Isikoff
Chief Investigative Correspondent
Yahoo NewsJuly 11, 2017

While in Moscow for the Miss Universe pageant in November 2013, Donald Trump entered into a formal business deal with Aras Agalarov, a Russian oligarch close to Vladimir Putin, to construct a Trump Tower in the Russian capital. He later assigned his son, Donald Trump Jr., to oversee the project, according to Rob Goldstone, the British publicist who arranged the controversial 2016 meeting between the younger Trump and a Kremlin-linked lawyer.

Trump has dismissed the idea he had any business deals in Russia, saying at one point last October, “I have nothing to do with Russia.” But Goldstone’s account, provided in an extensive interview in March in New York, offers new details of the proposed Trump project that appears to have been further along than most previous reports have suggested, and even included a trip by Ivanka Trump to Moscow to identify potential sites.

According to the publicist, the project — structured as a licensing deal in which Agalarov would build the tower with Trump’s name on it — was only abandoned after the Russian economy floundered. The economic downturn resulted in part from sanctions imposed by the U.S. and the European Union following Russia’s intervention in Ukraine.

Goldstone’s version of events implies a possible explanation for Trump’s interest in lifting sanctions on Russia — a policy move his administration quietly pursued in its first few weeks until it ran into strong opposition from members of Congress and officials within the State Department.

Goldstone placed Donald Trump Jr. at the center of the Trump Tower deal, saying that his father assigned his eldest son the job of moving the project to fruition after the signing of a “letter of intent” between the Trump Organization and Agalarov’s company, the Crocus Group. It is not clear if the future president personally signed the “letter of intent,” but Michael Cohen, a longtime lawyer for Trump, told Yahoo News Tuesday that it would have been standard practice for Trump, as president of the Trump Organization, to do so.

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