RUSSIAN LOBBYING AGAINST US SANCTIONS

Democrat super-lobbyist Tony Podesta in Washington DC was paid $170,000 over a six-month period last year to represent Sberbank, Russia’s largest bank, seeking to end one of the Obama administration’s economic sanctions against that country.

The lobbying campaign targeted Congress and the executive branch, with Podesta and other lobbyists arranging at least two meetings between Sberbank officers and Department of State officials, according to Elena Teplitskaya, Sberbank’s board chairman.

The discovery of high-profile Democrats like Podesta being paid lucrative fees for lobbying to lift U.S. sanctions on Russia contrasts with charges from Democrats that President Donald Trump and his key aides are soft on Russia while the Obama administration was tough on Moscow.

Podesta’s efforts were a key part of under-the-radar lobbying during the 2016 U.S. presidential campaign led mainly by veteran Democratic strategists to remove sanctions against Sberbank and VTB Capital, Russia’s second largest bank.

The two Russian banks spent more than $700,000 in 2016 on Washington lobbyists as they sought to end the U.S. sanctions, according to Senate lobbying disclosure forms and documents filed with the Department of Justice. The Podesta Group charged Sberbank $20,000 per month, plus expenses, on a contract from March through September 2016.

A second lobbying shop, the Madison Group also represented Sberbank and received $330,000 from the bank in 2016, according to Senate lobbying records. Two of the three Madison lobbyists working the account are lifelong Democrats.

A third lobbying firm, Manatos & Manatos represented VTB Capital, Russia’s second largest bank, and received $17,500 per month to seek an end to economic sanctions, according to their FARA filings with the Department of Justice.