Christopher Steele, the Man Behind the Trump Dossier
"Steele had spent more than twenty years in M.I.6, most
of it focusing on Russia. For three years, in the nineties,
he spied in Moscow under diplomatic cover. Between
2006 and 2009, he ran the service’s Russia desk, at
its headquarters, in London. He was fluent in Russian,
and widely considered to be an expert on the country."
https://www.newyorker.com/magazine/2018/03/12/christopher-steele-the-man-behind-the-trump-dossier
GQ
What Else Does the Donald Trump–Russia Dossier Tell Us?
(excerpts)
On December 29, 2016, Barack Obama announced that he would be ramping up
sanctions and kicking 35 Russian diplomats out of the United States in
response to reports of Russian interference and meddling in the 2016
election. Historically, any diplomatic action or expulsion has warranted
an equal and opposite tit-for-tat response. That same day, a high school
friend sent me a CNN Breaking News tweet reporting that an unnamed U.S.
official had told CNN that Putin planned on responding by shutting down
the Anglo-American School of Moscow. My old school.
Then something unusual happened: The very next day, the Kremlin came
forward saying that it had no such plans. Moreover, in one final act of
defiance against Obama, Putin announced that he would hold off on any
and all negotiations until then–President-elect Trump took office.
Earlier that month on December 7,(2016) Russian President Vladimir Putin
and his right-hand man, Igor Sechin, announced that they had
successfully sold a 19.5 percent stake in Russia’s largest state-owned
oil company, Sechin’s Rosneft, for a whopping 10.2 billion euros (or $11
billion). Sechin bragged that it was the largest privatization in global
oil and gas in 2016.
One of Vladimir Putin’s closest deputies, Sechin is ostensibly an oil
tsar whose salary has afforded him a tremendous amount of clout. He has
a hostile relationship with the press and has sued multiple outlets for
publishing stories about his lifestyle. In the past, Rosneft has held
extensive business ties with ExxonMobil—the very same ExxonMobil that
until recently was headed up by now Secretary of State (and recipient of
Putin’s Order of Friendship) Rex Tillerson. Exxon and Rosneft had
arranged for a $500 billion offshore-drilling venture as recently as
2012, but Obama’s 2014 sanctions during the Ukraine crisis clamped down
on business dealings with Russia, effectively kneecapping the deal and
costing Exxon $1 billion in the process. Needless to say, crude barons
like Tillerson and Sechin both stand to do gangbusters, whether directly
or indirectly, from the lifting of economic sanctions. (It should be
noted that White House cybersecurity adviser Rudy Giuliani’s law firm,
Bracewell & Giuliani LLP, also counts Rosneft among its clients.)
One such conversation is the reported July meeting between Sechin and
then–Trump adviser Carter Page, as summed up in the dossier on October
18, 2016. According to the dossier, the Russian oil tsar allegedly
offered the Trump administration a 19 percent stake in Rosneft, on the
condition that Trump lift the aforementioned U.S. sanctions on Russia
upon his taking office.
But who ended up negotiating and buying a stake in Rosneft, which even
the company described as a deal of "unprecedented complexity"?
Russian businessmen also use the term matryoshka to describe the complex
shell companies used by oligarchs in order to pull off convoluted deals.
For example, on paper, the Rosneft deal was brokered by a conglomerate
of shell companies and financial institutions. This reportedly included
several banks, namely Italy’s Intesa; the Qatar Investment Authority
(QIA); and Glencore, a U.K.-Swiss trading house. But Glencore's
300-million euro contribution accounts for a relatively measly 3 percent
of the total sale price, which earned the traders a .54 percent stake in
Rosneft—think of that as a brokerage fee. That leaves a roughly 19
percent stake in the company—the same figure reportedly thrown around by
Sechin in the Steele dossier and the same figure touted by Putin in his
post-privatization public statements, which others have argued could be
a coincidence.
Furthermore, a quarter of the funds (roughly 2.2 billion euros) is still
left unaccounted for. The series of matryoshkas used to complete this
deal is dizzying and includes a company based in the Cayman Islands,
where local laws effectively prevent reporters from tracking down and
revealing the identity of the owners. A company called QHG Cayman Ltd.
was declared as a partner just nine days after the privatization deal
was announced and just eleven days after QHG Holding, another nesting
doll, was formed.
Could President Trump's refusal to release his tax returns contain the
final matryoshka? It stands to reason that the contents could either
prove or effectively disprove 45’s possible involvement and collusion
with the Russian state. After all, if Trump’s tax returns list any of
the banks in the consortium amongst his lenders, it might be a sign that
he effectively traded American foreign policy for cold, hard cash.
https://www.gq.com/story/trump-russia-dossier-matryoshka