Updated: Jan 18, 2021
For quite some time, Donald Trump and the Trump Organization had interest in pursuing new business deals in Russia. While the Trump Organization and close associates looked to start business in Russia, two offers went to Michael Cohen. Cohen, who was an executive vice president for the Trump Organization, was in contact with Felix Sater – a long time business associate – and Giorgio Rtskhiladze – a business partner who previously worked with Cohen on Trump properties in the country of Georgia. Sater and Rtskhiladze were in contact with Cohen just months after Trump announced his intent to run for president in 2015. What was Sater’s and Rtskhiladze’s main ambition? To construct a “Trump Tower” skyscraper in Moscow.
In October of 2015, Cohen agreed to terms within a Letter of Intent (LOI) with Sater and I.C. Expert, the company of Andrey Rozov, a Russia-based developer. Trump and Rozov later signed the LOI in Nov