In U.S. Gas Talks With Kremlin, Hidden Financing for Alaska Project Emerges
Former executives say Novatek offered up to $15 million and sought a minority stake while directing the Alaska gas venture before U.S. approvals.
- On Friday, The New York Times reported that Polar LNG, an Alaska-based startup, received secret financing from Russian energy giant Novatek, prompting the company's chief executive and other executives to resign last month.
- Text messages reveal Novatek executives discussed sending $15 million to Tech Wave, Polar LNG's parent company, despite Novatek being under partial U.S. sanctions.
- Former chief executive Joel Riddle warned the Trump administration about the financing, calling it "not in the U.S. interest," though Polar LNG labeled him a "disgruntled former employee."
- President Donald Trump waived Russia sanctions last week to keep peace talks alive, as Russian President Vladimir Putin reportedly discussed the project last month with Trump envoys Steve Witkoff and Jared Kushner.
- Memos from law firm Baker Botts flagged "potential Russia-related sanctions concerns," while Treasury Department enforcers stated they take potential violations "extremely seriously.
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The Seattle Times
In U.S. gas talks with Kremlin, hidden financing for Alaska project emerges
An American energy company intends to buy Russian technology and use it to access a massive supply of natural gas in Alaska, liquefy it and export it to allies abroad.
A billion-dollar gas project in Alaska is under suspicion because of alleged payments from Russia. The project is also said to have played a role in talks about an end to the Ukraine war.
Trump Family's Alaska Oil Play Has Russia Written All Over It
Last week, Trump made it clear to the world that he is siding with Russia in the battle against Ukraine, which goes against the will of the American people. While Americans and our allies are still reeling from Trump and Elon Musk's betrayal, another story broke. The New York Times reported that the Trump family secretly made a deal to allow Russians to drill in Alaska if the Russian company made a $25 billion investment in various Trump proxie…
In recent years, the US has imposed sanctions on Putin-Reich companies because of the Russian war of aggression against Ukraine. Nevertheless, according to a report, an energy company is said to be involved in an LNG project in Alaska.
The United States intends to run business with both Russia and Ukraine after the end of the conflict, as announced by Donald Trump at a press conference for journalists in Florida, leaving the question of Russian funding for the Alaska project.
It has been revealed that Russia's Novatek, a target of U.S. sanctions, funded the Alaska LNG project. The project is structured to liquefy and export gas using Russian technology, and with Trump's aides and Putin discussing economic cooperation, attention is being drawn to the possibility of sanctions relief and energy deals following the end of the war.
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