FT claims that the editorial office has seen documents, according to which Russia may have participated in an indirect financing of the project. However, it is not clear, whether Donald Trump knew about that.
Trump International Hotel and Tower Toronto were financed by Russian-Canadian businessman Alex Schneider, the newspaper writes. The FT states that it saw documents according to which Schneider paid a commission of $100 million to middlemen, who represented Russia’s interests and helped to sell Schneider's stake in the Ukrainian steel plant. The sale of an $850-million package was financed by the Russian bank VEB.
According to the British newspaper, some of the proceeds from the sale could be used to finance the construction of Trump Toronto. Namely, shortly after the sale of assets, Schneider invested $40 million in the project.