ANN KENEVAN
on November 14, 2025
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TELL ME AGAIN WHO'S IN BED WITH PUTIN?
Cash Flowed to Clinton Foundation Amid Russian Uranium Deal
The headline in the website Pravda trumpeted President Vladimir V. Putin’s latest coup, its nationalistic fervor recalling an era when its precursor served as the official mouthpiece of the Kremlin: “Russian Nuclear Energy Conquers the World.”
The article, in January 2013, detailed how the Russian atomic energy agency, Rosatom, had taken over a Canadian company with uranium-mining stakes stretching from Central Asia to the American West. The deal made Rosatom one of the world’s largest uranium producers and brought Mr. Putin closer to his goal of controlling much of the global uranium supply chain.
But the untold story behind that story is one that involves not just the Russian president, but also a former American president and a woman who would like to be the next one.
At the heart of the tale are several men, leaders of the Canadian mining industry, who have been major donors to the charitable endeavors of former President Bill Clinton and his family. Members of that group built, financed and eventually sold off to the Russians a company that would become known as Uranium One.
Beyond mines in Kazakhstan that are among the most lucrative in the world, the sale gave the Russians control of one-fifth of all uranium production capacity in the United States. Since uranium is considered a strategic asset, with implications for national security, the deal had to be approved by a committee composed of representatives from a number of United States government agencies. Among the agencies that eventually signed off was the State Department, then headed by Mr. Clinton’s wife, Hillary Rodham Clinton.
As the Russians gradually assumed control of Uranium One
in three separate transactions from 2009 to 2013, Canadian
records show, a flow of cash made its way to the Clinton
Foundation. Uranium One’s chairman used his family foundation
to make four donations totaling $2.35 million. Those
contributions were not publicly disclosed by the Clintons,
despite an agreement Mrs. Clinton had struck with the Obama
White House to publicly identify all donors. Other people with
ties to the company made donations as well.
And shortly after the Russians announced their intention
to acquire a majority stake in Uranium One, Mr. Clinton
received $500,000 for a Moscow speech from a Russian
investment bank with links to the Kremlin that was promoting
Uranium One stock.
At the time, both Rosatom and the United States government
made promises intended to ease concerns about ceding control
of the company’s assets to the Russians. Those promises have
been repeatedly broken, records show.
The New York Times’s examination of the Uranium One deal
is based on dozens of interviews, as well as a review of
public records and securities filings in Canada, Russia and
the United States. Some of the connections between Uranium One
and the Clinton Foundation were unearthed by Peter Schweizer,
a former fellow at the right-leaning Hoover Institution and
author of the forthcoming book “Clinton Cash.” Mr. Schweizer
provided a preview of material in the book to The Times, which
scrutinized his information and built upon it with its own
reporting.
Whether the donations played any role in the approval of
the uranium deal is unknown. But the episode underscores the
special ethical challenges presented by the Clinton
Foundation, headed by a former president who relied heavily on
foreign cash to accumulate $250 million in assets even as his
wife helped steer American foreign policy as secretary of
state, presiding over decisions with the potential to benefit
the foundation’s donors.
In a statement, Brian Fallon, a spokesman for Mrs.
Clinton’s presidential campaign, said no one “has ever
produced a shred of evidence supporting the theory that
Hillary Clinton ever took action as secretary of state to
support the interests of donors to the Clinton Foundation.” He
emphasized that multiple United States agencies, as well as
the Canadian government, had signed off on the deal and that,
in general, such matters were handled at a level below the
secretary. “To suggest the State Department, under
then-Secretary Clinton, exerted undue influence in the U.S.
government’s review of the sale of Uranium One is utterly
baseless,” he added.
American political campaigns are barred from accepting
foreign donations. But foreigners may give to foundations in
the United States. In the days since Mrs. Clinton announced
her candidacy for president, the Clinton Foundation has
announced changes meant to quell longstanding concerns about
potential conflicts of interest in such donations; it has
limited donations from foreign governments, with many, like
Russia’s, barred from giving to all but its health care
initiatives. That policy stops short of Mrs. Clinton’s
agreement with the Obama administration, which prohibited all
foreign government donations while she served as the nation’s
top diplomat.
Either way, the Uranium One deal highlights the limits of
such prohibitions. The foundation will continue to accept
contributions from foreign individuals and businesses whose
interests, like Uranium One’s, may overlap with those of
foreign governments, some of which may be at odds with the
United States.
When the Uranium One deal was approved, the geopolitical
backdrop was far different from today’s. The Obama
administration was seeking to “reset” strained relations with
Russia. The deal was strategically important to Mr. Putin, who
shortly after the Americans gave their blessing sat down for a
staged interview with Rosatom’s chief executive, Sergei
Kiriyenko. “Few could have imagined in the past that we would
own 20 percent of U.S. reserves,” Mr. Kiriyenko told Mr.
Putin.
Now, after Russia’s annexation of Crimea and aggression in
Ukraine, the Moscow-Washington relationship is devolving
toward Cold War levels, a point several experts made in
evaluating a deal so beneficial to Mr. Putin, a man known to
use energy resources to project power around the world.
“Should we be concerned? Absolutely,” said Michael McFaul,
who served under Mrs. Clinton as the American ambassador to
Russia but said he had been unaware of the Uranium One deal
until asked about it. “Do we want Putin to have a monopoly on
this? Of course we don’t. We don’t want to be dependent on
Putin for anything in this climate.”
https://www.nytimes.com/2015/04/24/us/cash-flowed-to-clinton-foundation-as-russians-pressed-for-control-of-uranium-company.html
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