What’s Up With the Russian Uranium Deal Hanging Over Hillary Clinton’s Campaign?

Bill Clinton looms behind mining financier Frank Giustra—and his wife's campaign. (AP Photo/Frank Franklin II)
Bill Clinton looms behind mining financier Frank Giustra—and his wife’s campaign. (AP Photo/Frank Franklin II)

It’s time for political scandal season to begin in the US, and one of our first entries involves Russia, the global uranium market, and Bill and Hillary Clinton.

What are the allegations?

You can pay Bill to get to Hillary. In 2010, then-US secretary of state Hillary Clinton was part of a US government committee that approves foreign purchases of US assets. She signed off on a deal that allowed Russia’s atomic energy agency to purchase Uranium One, a mining company behind one-fifth of US uranium production. Since 2005, investors in the mining concern, and specifically a financier named Frank Giustra, gave tens of millions to the Clinton Global Foundation, and in 2010, while the committee was considering the deal, a Russian investment bank paid Bill Clinton $500,000 for a speech.

What’s new?

Failure to disclose. The Clinton Global Foundation had not previously disclosed $2.35 million donations from the Canadian chairman of Uranium One between 2009 and 2013, as Russia’s energy agency negotiated first a minority stake and eventually majority ownership of the company. This is despite an agreement with the Obama administration to disclose foreign donations.

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SOURCE: Tim Fernholz

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