Peter Schweizer

July 31, 2016 – Opinion: The Clinton Foundation, State and Kremlin Connections

The Skolkovo Innovation Center opens in 2010 and is often referred to as Russia’s “Silicon Valley.” (Credit: Valeny Meinkov/Sputnik)

By Peter Schweizer

“Hillary Clinton touts her tenure as secretary of state as a time of hardheaded realism and “commercial diplomacy” that advanced American national and commercial interests. But her handling of a major technology transfer initiative at the heart of Washington’s effort to “reset” relations with Russia raises serious questions about her record. Far from enhancing American national interests, Mrs. Clinton’s efforts in this area may have substantially undermined U.S. national security.

Consider Skolkovo, an “innovation city” of 30,000 people on the outskirts of Moscow, billed as Russia’s version of Silicon Valley—and a core piece of Mrs. Clinton’s quarterbacking of the Russian reset.

Following his 2009 visit to Moscow, President Obama announced the creation of the U.S.-Russia Bilateral Presidential Commission. Mrs. Clinton as secretary of state directed the American side, and Foreign Minister Sergei Lavrov represented the Russians. The stated goal at the time: “identifying areas of cooperation and pursuing joint projects and actions that strengthen strategic stability, international security, economic well-being, and the development of ties between the Russian and American people.”

The Kremlin committed $5 billion over three years to fund Skolkovo. Mrs. Clinton’s State Department worked aggressively to attract U.S. investment partners and helped the Russian State Investment Fund, Rusnano, identify American tech companies worthy of Russian investment. Rusnano, which a scientific adviser to President Vladimir Putin called “Putin’s child,” was created in 2007 and relies entirely on Russian state funding.

What could possibly go wrong?

Soon, dozens of U.S. tech firms, including top Clinton Foundation donors like Google, Intel and Cisco , made major financial contributions to Skolkovo, with Cisco committing a cool $1 billion. In May 2010, the State Department facilitated a Moscow visit by 22 of the biggest names in U.S. venture capital—and weeks later the first memorandums of understanding were signed by Skolkovo and American companies.

By 2012 the vice president of the Skolkovo Foundation, Conor Lenihan —who had previously partnered with the Clinton Foundation—recorded that Skolkovo had assembled 28 Russian, American and European “Key Partners.” Of the 28 “partners,” 17, or 60%, have made financial commitments to the Clinton Foundation, totaling tens of millions of dollars, or sponsored speeches by Bill Clinton.

Russians tied to Skolkovo also flowed funds to the Clinton Foundation. Andrey Vavilov, the chairman of SuperOx, which is part of Skolkovo’s nuclear-research cluster, donated between $10,000 and $25,000 (donations are reported in ranges, not exact amounts) to the Clinton’s family charity. Skolkovo Foundation chief and billionaire Putin confidant Viktor Vekselberg also gave to the Clinton Foundation through his company, Renova Group.

Amid all the sloshing of Russia rubles and American dollars, however, the state-of-the-art technological research coming out of Skolkovo raised alarms among U.S. military experts and federal law-enforcement officials. Research conducted in 2012 on Skolkovo by the U.S. Army Foreign Military Studies Program at Fort Leavenworth declared that the purpose of Skolkovo was to serve as a “vehicle for world-wide technology transfer to Russia in the areas of information technology, biomedicine, energy, satellite and space technology, and nuclear technology.” (Read more: Wall Street Journal, 7/31/2016)

2008 – 2012: Hillary Clinton fails to reveal a foreign donation of two million shares of stock from a foreign executive with business before Hillary’s State Department

Hillary Clinton talks with Russian President Vladimir Putin during the arrival ceremony for the Asian-Pacific Economic Cooperation (APEC) Summit in Vladivostok, Russia, September 8, 2012. (Credit: Jim Watson/Agence France Presse/Getty Images)

“Hillary Clinton’s State Department was part of a panel that approved the sale of one of America’s largest uranium mines at the same time a foundation controlled by the seller’s chairman was making donations to a Clinton family charity, records reviewed by The Wall Street Journal show.

The $610 million sale of 51% of Uranium One to a unit of Rosatom, Russia’s state nuclear agency, was approved in 2010 by a U.S. federal committee that assesses the security implications of foreign investments. The State Department, which Mrs. Clinton then ran, is one of its members.

Between 2008 and 2012, the Clinton Giustra Sustainable Growth Initiative, a project of the Clinton Foundation, received $2.35 million from the Fernwood Foundation, a family charity run by Ian Telfer, chairman of Uranium One before its sale, according to Canada Revenue Agency records.

The donations were first reported in “Clinton Cash,” a new book by Peter Schweizer, an editor-at-large at a conservative news website, about the financial dealings of Mrs. Clinton and former President Bill Clinton. A copy of the book, set to be released next month, was reviewed by The Wall Street Journal. The book is to be published by HarperCollins, a division of News Corp., which also publishes the Journal.”

(…) “The Fernwood contributions don’t appear on the Clinton Foundation website, as was required under an agreement between the foundation and the Obama administration. A Clinton Foundation spokesman referred questions to the Clinton-Giustra program spokeswoman in Canada, who didn’t respond.” (Read more: The Wall Street Journal, 4/22/2015) (Clinton Foundation, 3/01/2008)

Clinton Cash: The Official Documentary Movie

In 2000, Bill and Hillary Clinton owed millions of dollars in legal debt. Since then, they’ve earned over $130 million. Where did the money come from?

In his New York Times bestselling books Extortion and Throw Them All Out, Schweizer detailed patterns of official corruption in Washington that led to congressional resignations and new ethics laws.

In Clinton Cash, he follows the Clinton money trail, revealing the connection between their personal fortune, their “close personal friends”, the Clinton Foundation, foreign nations, and some of the highest ranks of government.

Schweizer reveals the Clinton’s troubling dealings in Kazakhstan, Colombia, Haiti, and other places at the “wild west” fringe of the global economy. In this blockbuster exposé, Schweizer merely presents the troubling facts he’s uncovered. Meticulously researched and scrupulously sourced, filled with headline-making revelations, Clinton Cash raises serious questions of judgment, of possible indebtedness to an array of foreign interests, and ultimately, of fitness for high public office.” (Clinton Cash)