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House committee chairmen demand investigation into Russian oligarch’s $200 million investment in McConnell’s Kentucky

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Top Democrats on Thursday demanded a formal review of a major Kentucky investment by a company controlled by a Russian oligarch linked to Vladimir Putin.

“Democratic lawmakers called on the Trump administration on Thursday to review an investment in Kentucky by a Russian aluminum company that they say has raised concerns about Russian influence on the economy and national security of the United States,” The New York Times reports. “The Russian aluminum company, Rusal, announced on Thursday that its board had approved a $200 million investment in a planned aluminum plant in Ashland, Ky., in partnership with Braidy Industries, a private company based there.”

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Kentucky is represented by Republican Senate Majority Leader Mitch McConnell. The investment announcement came only four months after the Trump administration lifted sanctions on Rusal and EN+, its parent company.

“The sanctions had been imposed last year because the companies were owned and controlled by the influential Russian oligarch Oleg V. Deripaska, a Kremlin ally who the Treasury Department accused of aiding Russia’s “malign activity” around the world,” The Times reminded.

Democrats sent a letter demanding a review, that was signed by Oversight Committee Chair Elijah Cummings, Intelligence Committee Chair Adam Schiff and Foreign Affairs Committee Chair Eliot Engel.

“Given that EN+ is a company substantially owned by individuals and entities with close ties to the Russian government, we believe the proposed transaction warrants immediate review by the Committee on Foreign Investment in the United States,” the lawmakers wrote.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Trump’s latest rage tweets reveal just how mortally terrified he is of a recession

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President Donald Trump betrayed his mortal fear of a recession in another early morning Twitter rant about the economy.

The president insisted the economy was fine, and again tried to blame Democrats and the media if a recession hits before the 2020 election.

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He suggested that his political enemies were willing to sacrifice their wealth to defeat him next year.

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‘American Carnage’: How Mike Pence uses his brand of right-wing evangelical Christianity to play Trump

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In February of 2018, Donald Trump's former political guru Steve Bannon told Bloomberg News that in the 2016 election, "The real opposition is the media. And the way to deal with them is to flood the zone with shit.”

Bannon was proven correct in his strategy of how Trump's racist, authoritarian pseudo-populist movement could win power in the United States (and various other places around the world). Nearly three years into Trump's tenure the American news media is still struggling with how to cover a president and an administration that have no use for democratic norms, the Constitution, the rule of law, and the truth or reality itself.

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Whistleblower hands House Dems evidence of ‘inappropriate’ interference on Trump’s tax returns

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A federal employee turned over “credible” evidence to House Democrats of possible “inappropriate efforts to influence” the IRS presidential audit process, House lawyers said in a court filing Tuesday.

In July, House Ways and Means Chairman Richard Neal, D-Mass., sued Treasury Secretary Steve Mnuchin after the latter rejected the panel’s request for six years of Trump’s tax returns. On Tuesday, House lawyers cited the new evidence in a motion asking a federal judge to rule without trial that the Treasury Department is required by law to turn over the president’s tax returns.

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