A real estate firm with ties to President Biden’s son, Hunter, received over $100 million in investment backing from Elena Baturina, a billionaire Russian oligarch and wife of the former mayor of Moscow.
This, according to unnamed sources cited by the New York Post.
The property investments allegedly span years and cover locations throughout the United States. The investment monies were directed toward Rosemont Realty – Hunter Biden’s firm Rosemont Seneca Partners is a sister company to Rosemont Realty, and the First Son served on the board of Rosemont Realty.
Baturina has a reported net worth of $1.4 billion and is described by the Post as “a close ally of Moscow tyrant Vladimir Putin.”
Coverage of these investments thus far has been limited to certain outlets, though it’s highly unlikely a deal involving a Russian oligarch with ties to Putin would be so carefully dealt with by the media if the real estate firm in question was linked to say, Donald Trump Jr.
Hunter Biden’s real estate firm received over $100m from Russian oligarch: sources https://t.co/YItsdGNIHy
— Miranda Devine (@mirandadevine) October 17, 2022
RELATED: Homeland Security Committee: Hunter Biden Received Millions From Ex-Moscow Mayor’s Wife
Firm Received Millions From Moscow-Linked Billionaire
In one transaction alone, Baturina injected $40 million into Rosemont Realty to invest in office buildings across the country.
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Leaked emails obtained by the Daily Mail outline the portfolio deal.
The outlet writes that they “can now reveal that Hunter’s financial relationship with Baturina was far more extensive, with her firm investing $40 million in a real estate venture by Hunter’s company Rosemont Realty.”
Doing the math, that would’ve been $4 million for the Big Guy. https://t.co/NNByV8xMQk
— Tom Bevan (@TomBevanRCP) October 17, 2022
A financial link between Baturina and the President’s son had already been detailed in a 2020 report released by Homeland Security Committee Chairman Ron Johnson (R-WI) and Finance Committee Chairman Chuck Grassley (R-IA).
That report indicated the Russian billionaire wired $3.5 million in a series of payments to Rosemont Seneca Thornton, described by the New York Post as “a consortium formed between Hunter’s investment company, Rosemont Seneca, and the Boston-based Thornton Group.”
However, while the committee report described Biden’s work with Baturina as “a financial relationship,” there has been no indication of why the originally discovered payment was made or where it went.
Hunter’s lawyers have denied that particular transaction went to him.
From Johnson-Grassley report on Hunter Biden: https://t.co/KsaQad5F1k pic.twitter.com/ava3V9PyTB
— Byron York (@ByronYork) September 23, 2020
RELATED: Is The Media Covering Biden — Or Just Covering For Him?
President Denies Knowledge of Hunter’s Business Dealings
Elena Baturina was one of the more prominent Russian oligarchs to escape sanctions following her country’s invasion of Ukraine, leading Republicans to question if it was because of her financial relationship with Hunter Biden.
“If the United States is avoiding sanctioning certain Russian oligarchs because of concerns they may attempt to influence American policy by exploiting Hunter Biden’s connection with his father … the American people deserve to know it,” a letter from House Republicans to Treasury Secretary Janet Yellen said.
GOPers ask if Russian linked to Hunter Biden sanctioned over Ukraine https://t.co/DQIZmSgi19 pic.twitter.com/h1CbQI6lwe
— New York Post (@nypost) April 21, 2022
President Biden has long insisted he has no knowledge of his son’s business dealings – whether they be in Russia, China, or Ukraine.
On Monday, Fox News reported on whistleblower documents that contradict the President’s denials.
Fox News Special Report anchor @BretBaier reported that whistleblowers claim President Joe Biden was aware of Hunter Biden’s business dealings and may have even been involved in some of them.
ABC’s World News Tonight, CBS Evening News, and NBC Nightly News all ignored this. pic.twitter.com/wlmToJbRr1
— Kevin Tober (@KevinTober94) October 18, 2022
Fox News host Bret Baier reported that Grassley “says new whistleblower documents reveal President Biden was aware of son Hunter Biden’s business arrangements and may have been involved in some of them.”
“Senator Grassley has written to the Attorney General, the FBI Director and the Delaware U.S. Attorney saying the bureau may have failed to follow up because of improper disinformation claims tied to Russia prior to the 2020 election,” he added.
Hunter Biden is currently under federal investigation for tax issues.
Reports surfaced earlier this month indicating federal agents feel they have enough evidence to charge the First Son with multiple crimes related to those tax issues, as well as a false statement related to a gun purchase.
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This story originally Appeared on ThePoliticalinsider