Trump demanded $ 20 million for the right to call him a skyscraper in Moscow

The desire of Moscow developers to enter the name of Donald Trump in the line of the Moscow skyline had a price of 20 million dollars.

Фото: Depositphotos

Trump demanded this non-negotiable fee in 2006 from the Ukrainian-Russian businessman Pavel Fuchs for the right to call him a skyscraper in the Russian capital. Fuchs made his fortune in oil trading, banking and real estate, writes Yahoo Finance.

Fuchs, who he says is barred from entering the US and is embroiled in a dispute over money spent on attending Trump's inaugural events, said he hosted Trump's children, Ivanka and Donald Trump Jr., in Moscow in 2006. hoping to finally agree on the skyscraper construction project after several meetings with the elder Trump in the United States. Fuchs said he offered Trump $10 million in installments, but Trump demanded $20 million for the right to use his name in the Moscow project and was not ready to make any concessions.

“He said $20 million was nothing,” Fuchs recalls. - I said, no, that's a lot of money. We couldn't agree."

A spokesman for the Trump Organization did not comment on the journalists' request for this.

Moscow horizon

Fuchs gave an insider point of view on Trump's 30-year-old desire to establish his famous name on the Moscow horizon. His organization’s efforts to set up a business in Russia have now acquired new meaning in the light of the investigation by special prosecutor Robert Muller, who is trying to establish a potential link between Trump’s campaign headquarters and Russia's intervention in the US 2016 presidential election of the year.

Fuchs’s description, which differs from some of the earlier data, indicates a broader deal proposal than was previously known. Fuchs says that he was introduced to Trump by the late Tamir Sapir, an American of Soviet origin, who at the same time sent Russians to be built in New York.

Photo: twitter.com/realDonaldTrump

Trump made other attempts to reach an agreement on his name on a Moscow skyscraper, this was particularly active in 2015 and 2016 before he nominated himself for the presidency of the United States. According to Bloomberg, during this period he was ready to agree to an advance payment for branding a skyscraper in the amount of 4 million dollars.

Michael Cohen, Trump's former attorney, pleaded guilty in November of lying to Congress about a Moscow project proposed in 2016. Cohen told the Senate that the project was abandoned in January 2016, but in fact negotiations on him continued for several months afterwards, and he himself, according to him, made a false statement to insure Trump’s repeated statements about his absence business ties with Russia at the time of the start of the election campaign.

Trump's first attempt to participate in a construction project in Moscow took place in 1987, when he visited the Russian capital in search of a place for a luxury hotel, according to his book, The Art of the Deal.

“I was impressed by the eagerness of Soviet officials to get the deal done,” he wrote in the book.

The project failed, as did the attempt in 1996. In 2013, Trump also discussed plans to build a skyscraper in Moscow with Russian developer Aras Agalarov when he visited the Russian capital during the Miss Universe contest.

Reviving an old friendship

Fuchs, who was born in Kharkov, built the Moscow real estate empire in the post-Soviet period. He lost these assets and moved to Ukraine by the time he tried to renew his ties with Trump after the US elections.

He traveled to Washington to attend Trump's inaugural events, where he hoped to talk with important brokers or even the president himself. Fuchs said he was not able to meet with Trump or attend official inaugural events. In fact, he did not even receive invitations, although he paid 200 000 dollars for them to a Ukrainian-American businessman, Yuri Vanetik. Fuchs says he hired lawyers to get the money back.

Vanetik said in a statement that he sent Fuchs to the public relations firm that organized his visit. According to Vanetics, Fuchs misunderstood what he was offered for this money, and “started a confrontation” when he felt deceived.

Recently, Fuchs had problems with entering the United States. He says that in December 2017, Russian-speaking federal agents stopped him on the street and questioned him about business interests in the United States and past deals. As a result, he was banned from entering the States.

Let us remember that Donald Trump has always been an enterprising businessman - and not only on a large scale. Before becoming President of the United States, he earned millions by selling your name for branding productsproduced by other people. There were Trump’s neckties in the American market, deodorants, steaks, underwear, furniture, and even urine test strips.

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