Donald Trump Business With Russia

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Donald Trump has pursued business deals in Russia since 1987. In 1987, Trump visited Russia to investigate developing a hotel, invited by Ambassador Yuri Dubinin whom he had met in New York the year before.

In 1996, Trump partnered with Liggett-Ducat, a small company, and planned to build an upscale residential development on a Liggett-Ducat property in Moscow. Although the 1996 residential development did not happen, Trump was by this time well known in Russia. His terms were not agreeable to Russians and conflicted with their way of doing business with American hotel chains.

Trump Sold a $40 Million Estate to a Russian Oligarch for $100 Million. President Donald Trump’s sale of a Palm Beach estate that he bought for $41 million to a Russian oligarch for $95 million only four years later.

The timing of the 2008 sale, which came months after Trump Entertainment Resorts filed for Chapter 11 bankruptcy, and while the then–real estate mogul was struggling to find banks willing to lend to him.

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