February 2006

Donald Trump Jr. and Ivanka Trump Visit Moscow

Felix Sater
Donald Trump Jr.
Ivanka Trump

The two Trump children visit Moscow with Felix Sater, during which time they “[connect] with potential partners.”

Trump has dreamed of building in Russia since the 1980s; in his book “The Art of the Deal,” he wrote “about building a large luxury hotel across the street from the Kremlin in partnership with the Soviet government.” In 1996, Trump announced at a news conference that he planned to invest $250 million in Russia and to license his name to two luxury residential buildings. In 2006, Donald Trump Jr. and Ivanka Trump visited Moscow with business associate Felix Sater, during which time they “[connected] with potential partners.” The following year, Trump expressed hopes of building real estate in Moscow, saying “we will be in Moscow at some point.” In 2008, Donald Trump Jr. echoed his father’s earlier comments, saying that “the Trump Organization [wanted] to build luxury housing and hotels in Moscow, St. Petersburg and Sochi.” That same year, Trump Jr. visited Moscow six times in 18 months in search of new deals, although none panned out. In March 2018, Sater told MSNBC host Chis Hayes that a developer in Russia had worked to secure funding for Trump Tower Moscow from VTB Bank. VTB is Russia’s second largest bank, and has been sanctioned by the US. Despite his failure to develop in Russia, the Trump Organization depended heavily on Russian money in their other exploits; Trump Jr. once  told reporters at a real estate conference that “Russians [made] up a pretty disproportionate cross-section of a lot of our assets […] we see a lot of money pouring in from Russia.”

Russia Trips
Trump Family