WASHINGTON, DC- In case you may be wondering why Joe Biden was hesitant to take meaningful sanctions against Russia, at least initially, Peter Schweizer, author of Red Handed: How American Elites Get Rich Helping China Win, may have an idea, according to Breitbart News. He thinks Russian oligarchs may have “embarrassing material’ on Hunter Biden, Breitbart News reported.
“The problem is we know that Hunter Biden has received millions of dollars from Russian oligarchs, some of whom are connected to Vladimir Putin,” Schweizer said on the Charlie Kirk Show.
“The most effective way you can hamstring Putin would be to put sanctions on Russian oligarchs, those that have massive holdings in the West.”
Continuing, Schweizer noted, “Everybody who observes and follows Russia knows those oligarchs are holding money for Vladimir Putin. You need to seize the assets of those pro-Kremlin oligarchs that are operating out of London, the United States, Israel, Western Europe.”
Schweizer said he believes Biden isn’t likely to use punitive measures against those oligarchs because his son is compromised by them.
“The problem is, I don’t think we’re going to slap sanctions on those people, because some of those people have done business deals with Hunter Biden, and they no doubt probably have very embarrassing material on Joe Biden’s one and only living son,” he stated.
Schweizer also said that efforts at globalization has not panned out as advertised for some countries, especially those in Europe since that continent is so dependent on Russian energy exports. He said the way the phenomenon was marketed to the population of those countries by advocates and architects for globalist institutions is divergent from what they were told.
“The whole premise behind globalism was: If we are engaging in trade and commerce, these sorts of semi-rogue or rogue countries like Russia or China will become more wedded towards us, they’ll become less aggressive. Actually, the opposite has happened.”
He said that as opposed to liberalization of countries such as Russia and China, the opposite has happened, with both nations assuming a more authoritarian stance, Breitbart said.
Schweizer pronounced that “globalism has failed,” and expanded on the premise as follows:
Look at the situation in Europe right now. So the idea is, “We’re going to wed Russia to Europe by setting up these gas pipelines and creating this lucrative European market for Russia.” The theory is [that] this is going to mean Russia’s not going to want to invade, because they don’t want to lose the market.
The opposite has happened—Europe does not want to give up Russian gas. It has not deterred Russia. It has deterred the weak European democracies from taking strong action when they need to. So you know, they send a couple of helmets to Ukraine rather than military equipment, because they don’t want to have the gas shut off, or now they say, “We’re going to delay the Nord Stream pipeline,” which by the way, isn’t supposed to be certified til this summer anyway.
So all that this globalism has done is given these autocrats, these authoritarians, leverage over these weak, vassal democracies in the West that are fearful of doing anything offending these powers. Globalism has not only failed. It’s ended up doing the opposite of what it was supposed to do.
This is not the first time Schweizer has both warned of and documented how globalization facilitates international corruption through procurement influence by foreign governments over U.S. affairs. He warned this is typically facilitated by establishing financial relationships with the children and family members of U.S. politicians and other elites.
Indeed, ABC News apparently agrees with Schweizer’s initial assessment. They report that despite a number of sanctions announced by the Biden administration against Russia, at least initially they are expected to miss the mark as far as Russia’s “ultra-rich and infamous.”
ABC said that despite the fact Biden’s sanctions target Putin and a number of his inner circle, including Foreign Minister Sergey Lavrov, “most of the top names from Forbes’ list of the richest Russians,” whose list of investments and financial ties “are now largely intertwined with the West, from investments in Silicon Valley start-ups to British Premier League soccer teams, are absent.
According to a 2017 study of Russian oligarchs, it was estimated that as much as $800 billion was held by wealthy Russians in the UK, Switzerland, Cyprus, and similar offshore banking centers.
The report, published by the U.S.-based National Economic Bureau, noted that the fortune, which is held by only a few hundred “ultra-rich” individuals, equals the wealth of the remaining Russian population of 144 million people.
In addition, some of the oligarchs have secured dual citizenship, including in Britain and other Western countries, which further complicates attempts to seize their assets unilaterally, from a legal basis.
You can bet however that some of those folks have the goods on Hunter Biden, which explains a little bit why Biden, at least initially, went pretty light on Russia.
Following is a report we filed in 2020 showing Hunter Biden had received money from the richest woman in Russia.
In a recent report, Senate Republicans revealed that Hunter Biden received a $3.5 million wire transfer from Elena Baturina, the richest woman in Russia.
The 87-page report, which was made public, shows that Rosemont Seneca Thorton, LLC, a firm that Biden incorporated with his longtime business associate Devon Archer in May 2013, had a previously known relationship with Baturina.
Senate report links Hunter Biden to ‘prostitution or human trafficking ring’ https://t.co/VkqLjAmvlJ via @nypost
— Karl Wightman (@karl_wightman) September 23, 2020
According to bank documents reviewed by the Homeland Security, Baturina wired $3.5 million to a bank account controlled by Rosemont Seneca Thorton as part of a “consultancy agreement.”
Allegedly, at the time of the transfer, Baturina was living in the United Kingdom with her late husband, Yuri Luzhkov.
Luzhkov was a one-time mayor of Moscow who was dismissed from public office by former Russian President Dmitry Medvedev as part of a public corruption probe. In particular, Luzhkov was accused of using his office to approve more than 20 real estate projects linked to Baturina’s business interests.
The Homeland Security Committee noted that:
“In addition, a Russian investigation led to a criminal case against the former head of the Bank of Moscow, Andrey Borodin, who allegedly used money from the Moscow City Budget to lend money to shell companies, which ultimately transferred $443 million to Baturina.”
GOP senators’ report calls Hunter Biden’s board position with Ukraine firm ‘problematic’ but doesn’t show it changed U.S. policy https://t.co/RE0jMfh8v7
— Beverly Allen (@bballen2) September 23, 2020
Luzhkov’s alleged gift was seemingly substantial enough to help propel Baturina into the ranks of Russia’s wealthy elite, with Forbes reporting that her estimated net worth was $1.3 billion back in 2019.
This fortune was large enough to qualify her as Russia’s richest woman and the country’s most powerful “female oligarch.”
In providing background on the businesswoman, the report said:
“Baturina became Russia’s only female billionaire when her plastics company, Inteko, received a series of Moscow municipal contracts while her husband was mayor.”
— ?? ??????.???? (???) ??? (@MikeGoodlander) September 23, 2020
The report described her involvement with Biden as “a financial relationship,” but declined to delve deeper into why the wire transfer was made. The nature of the “agreement” with Rosemont Seneca Thorton remains unclear.
The Homeland Security Committee’s report stems from an investigation into Biden’s ties to Burisma Holdings, a Ukrainian natural gas conglomerate whose own founder has been accused of public corruption, embezzlement, and bribery.
Biden served on the company’s board of directors between 2014 and 2019, earning somewhere in the range of $83,000 per month. Allegedly, Biden received appointment to the company’s board despite no background in either Eastern Europe or the energy sector.
— Sydalex0321 (@SixPercentAK) September 23, 2020
Biden was only appointed shortly after his father, former vice president Joe Biden, was tapped to lead the Obama administration’s policy toward Ukraine back in April 2014.
The probe also found that Baturina sent 11 wire transfers between May and December 2015 to a bank account belonging to BAK USA, a tech startup that filed for bankruptcy in March 2019. Allegedly, nine of those 11 wire transfers were first sent to Rosemone Seneca Partners, the investment firm founded by Biden and Chris Heinz.
Heinz is the stepson of former Secretary of State, John Kerry. After that transfer, the money was then wired to BAK USA. All 11 transactions described the payments as “load agreement” in the details section. The report reads:
“Between May 6, 2015 and Dec. 8, 2015, Baturina sent 11 wires in the amount of $391,968.21 to a bank account belonging to BAK USA LLC (BAK USA). Nine of the 11 transactions, totaling $241,797.14 were sent from Baturina’s accounts to a Rosemont Seneca Thorton bank account, which then transferred the money to BAK USA.”
The report also states that the Obama White House knew that Hunter’s position prevented the “efficient execution of policy” with respect to Ukraine, but that attempts by officials to raise alarms, fell on “deaf ears.”
It is also alleged that Hunter formed “significant and consistent financial relationships” with the founder of Burisma, Mykola Zlochevsky and that his business partner, Devon Archer’s firms made “millions of dollars from that association” while his father was vice president.
The committee also shared that they obtained records from the U.S. Treasury Department that show “potential criminal activity” relating to transactions among and between Hunter Biden, his family, and his associates with Ukraine, Russia, Kazakh, and Chinese nationals. The report added:
“The records also note that some of these transactions are linked to what appears to be an Eastern European prostitution trafficking ring.”
BREAKING: Senate Finance and Homeland Security Committees Release DEVASTATING Report on Hunter Biden, Burisma and Corruption — CROOKED BIDEN FAMILY ENRICHED THEMSELVES AND OBAMA KNEW! https://t.co/d4cL91dnJW
— AC_Alan (@acatlanta12) September 23, 2020
The probe and report’s commission were overseen by Senate Homeland Security and Governmental Affairs Committee Chairman Rob Johnson (R-WI) and Senate Finance Committee Chairman Chuck Grassley (R-Iowa).
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