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April 23, 2015

Book Links Clinton Foundation Gifts to Russian Uranium Deal

The State Department under Hillary Clinton's watch signed off on Russia's acquisition of a major uranium producer whose leader donated more than $2 million to the Clinton Foundation, The New York Times and The Wall Street Journal report. The link between the charity and the $610 million deal for a majority stake in Uranium One is disclosed in a new book, Clinton Cash, about the former first family's financial dealings.

Uranium One Chairman Ian Telfer's family foundation gave $2.35 million to the Clinton Giustra Sustainable Growth Initiative — a Clinton Foundation project that aims to spur development in poor countries — during the years when Ms. Clinton served as secretary of state. A federal panel that included a State Department representative approved the Russian state nuclear agency's 2010 purchase of the company, whose holdings include a 300,000-acre uranium mine in Wyoming.

Mr. Telfer said he made the donations to support his business partner, Canadian mining mogul Frank Giustra, a longtime friend of the Clintons who co-founded the development program. The gifts "started before there was any idea of this takeover," Mr. Telfer said, adding, "I can’t imagine Hillary Clinton would have been aware" of his gift to the growth initiative. Spokesmen for Ms. Clinton's presidential campaign said she had no involvement in the approval process for the Uranium One sale, which involved multiple U.S. and Canadian government agencies.

 

Bill Clinton has received at least $26 million in speaking fees from organizations and companies that have given to the Clinton Foundation, showing how intertwined the former first family's personal wealth and charity work have become, according to The Washington Post.