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Yes, McConnell knows that he and the GOP leadership are up to their eyeballs in Russian money.
He knows that Mueller will likely indict him and the rest of the leadership, including Paul Ryan, in a RICO scheme. He HAD to deny the sense of urgency conveyed to him by Obama before the 2016 election, because admitting the problem would also expose him to criminality immediately. The GOP took millions from Russian sources, and possibly from Saudi sources as well.
It's likely that Mueller's indictments will be issued to over a hundred individuals. The wave is about to commence.