Russian elite invested $100m in Donald Trump's real estate in Florida 

Russian elite invested $100m in Donald Trump's real estate in Florida
Donald Trump

Russian businessmen and politicians own real estate in residential complexes that belong to Donald Trump, Reuters reports citing Orbis databases of Bureau Van Dijk. Meanwhile, Trump himself rejected any business ties with Russia during the election campaign.

According to Reuters, at least 63 Russian citizens purchased apartments in seven elite skyscrapers in Florida, owned by the President of the United States. The agency estimates the total cost of housing at $ 98.4 million. In reality, the number of Russians among the owners of real estate in Florida can be much greater, the agency notes. The fact is that at least 703 of the 2,044 real estate objects in the buildings owned by Trump belong to limited liability companies, which allows to avoid specifying the real property owners in the documents.

Reuters mentions some names of home buyers. These include President of Viking investment bank in St. Petersburg Aleksey Ustaev, former Top Manager of Spetsstroy Federal Agency Aleksandr Yuzvik, President of Sakhalinugol OJSC Oleg Misevra, former Deputy of Bashkortostan parliament from the Communist Party Vadim Gataullin, former member of the Saratov regional government Pavel Uglanov, and co-owner of Absolute Group LLC Andrey Truskov.

According to the Florida Real Estate Register, in 2010, Yuzvik and his wife purchased an apartment in Trump Palace complex in Sunny Isles Beach with a total area of 195 square meters; its price is $ 1.27 million. A year later, Truskov bought a property worth $ 1.4 million in Trump Hollywood skyscraper. The businessman confirmed the ownership of this apartment and compared its cost with the price of a three-room apartment in the Moscow region’s Mytishchi. He attributed the investment into Florida property to the attractive climate in the state.

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From left to right: Trump Royale, Trump Palace, and Trump International Beach Resort in Sunny Isles Beach

Aleksey Ustaev owns two apartments in Miami — one worth $1.18 million in Trump Palace comlex, and other ($5.2 million) in Trump Royale.​ However, just like the two other Russians, the businessman stressed that the apartment was bought for personal purposes. In 2010, Oleg Miserva’s Swiss Residence Aliance Inc purchased a penthouse in Trump Hollywood for $ 6.8 million.

According to Miami's leading developer Edgardo Defortuna, Trump's commission on the volume of real estate sales in his primary complexes may range from 1 to 4%, as a result of which the US president could have received from $ 20 to $ 80 million. Meanwhile, Trump always denied doing business in Russia, of which he was often accused during the presidential race.

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