President Donald Trump’s
lawyer acknowledges the president’s company pursued a Trump Tower in Moscow during the presidential campaign this past year.
WASHINGTON — President Donald Trump’s personal lawyer acknowledged Monday that the president’s company pursued a Trump Tower in Moscow during the Republican primary but that the plan was abandoned “for a variety of business reasons.” He said that at one point he sent an email to the spokesman for Russian President Vladimir Putin about approvals from the Russian government.
The attorney, Michael Cohen, said in a statement to the House intelligence committee that he worked on the real estate proposal with Felix Sater, a Russia-born associate who he said had claimed to have deep connections in Moscow. The panel is one of several on Capitol Hill investigating Russian interference in the 2016 presidential election and possible coordination between the Trump campaign and Russia.
The discussions occurred in the fall of 2015, months after Trump had declared his candidacy, and ended early last year when Cohen determined that the project was not feasible, according to a copy of Cohen’s statement obtained by The Associated Press. Cohen also disclosed that Trump was personally aware of the deal, signing a letter of intent and discussing it with Cohen on two other occasions.
The potential deal shows that the Trump Organization was actively considering doing business in Russia during the presidential election, providing special counsel Robert Mueller’s investigators considerable fodder for turning their investigation into Russian collusion toward Trump’s personal and business finances. Trump has said Mueller would be crossing a red line by delving into his finances.
In a statement, the Trump Organization emphasized that the licensing deal “was not significantly advanced,” noting that no site or financing materialized during the negotiations. The company also said it was never paid any fees as part of the deal, and the signed letter of intent was nonbinding.
“To be clear, the Trump Organization has never had any real estate holdings or interests in Russia,” the company said.
The negotiations of the possible Trump Tower Moscow deal were first reported Sunday night by The Washington Post. On Monday, The New York Times reported on an email in which Sater appeared to boast that the real estate deal could help Trump get elected. Sater did not respond to a request for comment from the AP on Monday.
“Our boy can become president of the USA and we can engineer it,” Sater wrote in an email, according to the Times. “I will get all of Putins team to buy in on this, I will manage this process.”
He also said in another email about a possible ribbon-cutting: “I will get Putin on this program and we will get Donald elected.”
In the two-page statement obtained by the AP, Cohen said he emailed Putin’s press secretary, Dmitry Peskov, after Sater suggested that “the proposal would require approvals within the Russian government that had not been issued.”
Cohen said he did not recall any response to his email, or any other contacts with Peskov or other Russian government officials about the project.
Cohen portrayed the proposal as one of “countless” plans that the Trump Organization has received for developments around the world, noting that Trump had properties and developments in about a dozen different countries.
Cohen said that the project first came to his attention in September 2015 when he received a proposal for a “Trump Tower Moscow” that would house a luxury hotel, office spaces and condominiums.
Cohen said that he “performed some initial due diligence” to determine whether it was a good fit for the Trump Organization, and Trump ultimately signed a nonbinding letter of intent with a Moscowbased developer, I.C. Expert Investment Co., on Oct. 28, 2015.
After the signing of the letter, Cohen said the Trump Organization sought building designs from architects and held “preliminary discussions regarding potential financing” for the building.
Cohen said he also communicated extensively with Sater, who was brokering the deal and stood to receive payment from the Russian developer if it came to fruition.
Sater was a former real estate executive at Bayrock Group LLC, a development company that leased space in Trump Tower and also partnered with him on various deals.