https://www.bloomberg.com/view/articles/2017-03-29/senators-please-ask-jared-kushner-about-666-fifth-avenue
March 29, 2017, 9:59 AM PDT
In a happy moment in the otherwise cloudy world of the Trump family and the flood of financial conflicts they’ve carted into Washington, a major Chinese investor has decided not to pour billions of dollars into a Manhattan skyscraper owned by the Jared Kushner clan.
Had this deal gone forward -- the effect would have been to bail Kushner out of a huge, misbegotten investment while letting his family take home at least $400 million and retain a minority ownership stake in the building -- it would have compromised President Donald Trump's diplomacy with China.
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The timeline matters. Kushner began talking with Chinese investors about 666 Fifth Avenue last summer, around the time that Trump locked up the Republican nomination. Then he spearheaded more serious talks that took place in New York about a week after his father-in-law was elected in November.
According to the Times, Kushner met with Russia's ambassador to the U.S., Sergey Kislyak, in early December as part of what appeared to be normal presidential transition meetings. A second Kislyak meeting with a Kushner deputy followed in December, as well as another, brokered by Kislyak, between Kushner and the head of a Russian bank, Vnesheconombank. The U.S. had imposed financial sanctions on that bank because of Russian President Vladimir Putin's military incursions in Ukraine and annexation of Crimea.
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