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Russian Manafort client: Willing to speak to Congress

WASHINGTON (AP) — A Russian billionaire close to President Vladimir Putin said Tuesday he is willing to take part in U.S. congressional hearings to discuss his past business relationship with President Donald Trump’s former campaign chairman, Paul Manafort.

Last week, The Associated Press reported that Manafort had written aluminum magnate Oleg Deripaska in 2005, proposing to do work for Deripaska that would “benefit the Putin Government.” The story was based on interviews with people familiar with Deripaska’s business dealings with Manafort and documents obtained by the AP, including strategy memoranda, contracts and records showing international wire transfers for millions of dollars.

In a quarter-page advertisement in Tuesday’s editions of The Washington Post and The Wall Street Journal, Deripaska said he was “ready to take part in any hearings conducted in the US Congress on this subject in order to defend my reputation and name.”

Manafort signed a $10 million contract in 2006 that laid out a four-country communications and political strategy intended to support Deripaska’s company and undermine anti-Russian political movements. Payments continued until at least 2009, seven years before Manafort joined and led Trump’s 2016 campaign, according to people familiar with the relationship. They spoke on condition of anonymity because they were not authorized to discuss the business arrangement openly.

In his newspaper ads responding to the AP’s story, Deripaska said he never signed “a $10 million contract ‘to greatly benefit the Putin Government’ with Paul Manafort.”

“I have never made any commitments or contracts with the obligation or purpose to covertly promote or advance ‘Putin’s Government’ interests anywhere in the world,” Deripaska wrote.

The AP’s story said that Manafort wrote a strategy memo proposing that the work he would do for Deripaska would “benefit the Putin Government,” not that the contract contained that language.

“This AP Exclusive report falls into the negative context of current US-Russian relations and causes fresh unfair and unjustified concerns and alarm in the US Congress about Russian involvement in US domestic affairs,” Deripaska’s ad says.

The AP stands by its reporting, spokeswoman Lauren Easton said.

The revelations about Manafort come as Trump campaign advisers are the subject of an FBI probe and two congressional investigations, and they appear to guarantee that Manafort will be sought as a key witness in upcoming hearings. He has volunteered to appear.

Investigators are reviewing whether the Trump campaign and its associates coordinated with Moscow to meddle in the 2016 campaign. Manafort has dismissed the investigations as politically motivated and misguided. The documents obtained by AP show Manafort’s ties to Russia were closer than previously revealed.

Deripaska is one of Russia’s wealthiest men. He amassed his fortune under Putin and has bought assets abroad in ways widely perceived to benefit the Kremlin’s interests. U.S. diplomatic cables from 2006 described him as “among the 2-3 oligarchs Putin turns to on a regular basis” and “a more-or-less permanent fixture on Putin’s trips abroad.”

A spokesman for Manafort has confirmed that Manafort worked for Deripaska representing him on business and personal matters, but has denied that the work involved “representing Russia’s political interests.” White House spokesman Sean Spicer said last week that Trump was not aware of Manafort’s work for Deripaska a decade ago.

The AP reported last week that Manafort proposed an ambitious political strategy in a June 2005 memo that was based on work he had done in Ukraine. Manafort described how his plan could be used to influence politics, business deals and news coverage inside the United States, Europe and former Soviet republics to the benefit of the Russian government.

“We are now of the belief that this model can greatly benefit the Putin Government if employed at the correct levels with the appropriate commitment to success,” Manafort wrote in the 2005 memo to Deripaska. The effort, Manafort wrote, “will be offering a great service that can re-focus, both internally and externally, the policies of the Putin government.”

Manafort wrote that the plan would bolster the legitimacy of governments friendly to Putin and undercut anti-Russian figures through political influence campaigns, nonprofit front groups and media operations.

The $10 million contract Manafort signed in 2006 outlined the political and communications activities in Uzbekistan, Tajikistan and Georgia in more detail, but the AP noted last week that the work actually performed is unclear.

Manafort and Deripaska had a falling out laid bare in 2014 in a Cayman Islands court. The dispute involved a nearly $19 million investment that Manafort was orchestrating for Deripaska in a Ukrainian TV company called Black Sea Cable, according to legal filings by Deripaska’s representatives.

In the filing, Deripaska accused Manafort and his associates of taking the money and then failing to respond to his queries about how the funds had been used.

Early in the 2016 presidential campaign, Deripaska’s representatives openly accused Manafort of fraud and pledged to recover the money from him. After Trump earned the presidential nomination, Deripaska’s representatives said they would no longer discuss the case.

Last week, Deripaska wrote in a statement to the AP that “there was an agreement between Mr. Deripaska and Mr. Manafort to provide investment consulting services related to business interests of Mr. Deripaska, which now is a subject to legal claims.”

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Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. 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But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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