Banks Get Warning About What Could Happen if Democrats Win Midterms
Lawmakers want banks and ports to preserve records as they prepare a possible investigation into Russian fuel deliveries and U.S. company involvement.
- Senior Democrats are demanding major banks and ports preserve records tied to Donald Trump's Russian diesel deal, targeting institutions including JPMorgan, Bank of America, Citi, Wells Fargo, Goldman Sachs, and Morgan Stanley.
- On October 9, Trump announced an agreement with Vladimir Putin for Russian diesel deliveries; the Treasury Department temporarily eased sanctions on the fuel until April 7, 2027.
- Lawmakers sent letters to port authorities in Houston, Beaumont, Corpus Christi, and New York, urging recipients not to assist in the "purchase, transportation, importation, unloading, storage, financing, or distribution" of Russian diesel.
- If Democrats win the November 3 elections, they could regain control of Congress, making investigation of Trump's agreements with Russia a top priority for key committees.
- A tanker carrying Russian diesel departed the port of Primorsk on October 22, with 40,000 tons expected to reach New York by November 7 as part of deliveries exceeding 300,000 tons.
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Democrats plan investigation into Trump's diesel deal - Axios US Democrats have urged banks and ports to keep documents on possible imports of Russian <p>diesel. They are waiting for investigations </p>Congress.
'Unlawful' flaw risks sinking Trump's Russia deal as diesel tanker nears US port
Critics have exposed a little-known flaw in President Donald Trump’s "unlawful" diesel deal with Russia that threatens to scare off the banks and ports needed to bring the fuel ashore.Sen. Jeanne Shaheen (D-NH), five other Democrats and Sen. Thom Tillis (R-NC) warned six major banks and four port authorities about that legal risk in an Oct. 24 letter, Axios reported Monday.The recipients include Goldman Sachs, JPMorgan Chase and port authorities…
Representatives of the US Democratic Party are preparing the basis for investigating President Donald Trump's agreement with Moscow on the import of Russian diesel fuel. Leading Democrats running for powerful posts next year have demanded that major banks and ports preserve documents about deals with Russian diesel. Studying US President Trump's agreement with Moscow will be the party's priority if Congress regains control, Axios writes. “[Any] …
According to Axios, Democrats are already preparing to undermine the US president's agreement with Moscow.
US Democrats are demanding that six banks and ports keep documents on Russian diesel. This could be the basis of an investigation into Donald Trump's dealings with Moscow.
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