Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

blm

(114,765 posts)
Sun Apr 6, 2025, 12:44 PM Apr 2025

Russians buying up NYC lured by Trump's lax attitude toward corruption, money-laundering

The oligarchs are back in town and hunting for swanky real estate, lured by Trump’s laissez-faire attitude toward corruption and money-laundering - Rich Russians are eyeing and buying expensive real estate in New York for the first time in a decade.

“We’re seeing a lot of Russian nationals. I’ve had five Russians look at properties in the $10 million to $20 million range in the past few weeks—condos and town houses,” a New York broker said.
One returning Russian just signed a contract for a $20 million trophy property in Midtown.

The buying spree is spurred by the cozy relationship between Trump and Putin, the broker said. “A couple of years ago, oligarchs couldn’t buy anything in the U.S., and Putin put pressure on Russians not to buy here or in Europe.”
Russians may also feel more reassured in the knowledge that, back in the day, their fellow nationals (including oligarchs and ex-cons) bought lots of Trump-branded properties. Some even found ways to provide Trump with cash when U.S. banks would not. Or, as Eric Trump told a golf reporter in 2014, “We have all the funding we need out of Russia.”

“They aren’t afraid to buy anymore,” the broker said about the current influx of oligarchs. “That’s what’s changed.”

https://airmail.news/issues/2025-4-5/the-view-from-here

9 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Russians buying up NYC lured by Trump's lax attitude toward corruption, money-laundering (Original Post) blm Apr 2025 OP
Russian oligarchs should feel right at home now in the US. Irish_Dem Apr 2025 #1
On the bright side, our high rises have a lot of windows. harumph Apr 2025 #3
Russian style murder by window could come into vogue here in the US. Irish_Dem Apr 2025 #6
I wonder bdamomma Apr 2025 #4
I assume we will be seeing more Russian immigrants now. Irish_Dem Apr 2025 #5
this is not to you bdamomma Apr 2025 #7
Yes truly stomach turning. Irish_Dem Apr 2025 #8
Must launder money republianmushroom Apr 2025 #2
Probably the reason he's trashing the country. So it will make the oligarchs lindysalsagal Apr 2025 #9

Irish_Dem

(82,386 posts)
1. Russian oligarchs should feel right at home now in the US.
Sun Apr 6, 2025, 12:46 PM
Apr 2025

Every day the US becomes more like Russia.

bdamomma

(69,629 posts)
4. I wonder
Sun Apr 6, 2025, 02:48 PM
Apr 2025

if they will be wearing red caps easier to spot them out

I wonder if Russians in Florida will increase too?

Irish_Dem

(82,386 posts)
5. I assume we will be seeing more Russian immigrants now.
Sun Apr 6, 2025, 03:21 PM
Apr 2025

Russia is a new ally.
And partner in crime.

republianmushroom

(22,736 posts)
2. Must launder money
Sun Apr 6, 2025, 01:04 PM
Apr 2025

I'll bet we would be amazed ate how much of the trump brand the Mexican cartels own. The business of laundering money.

lindysalsagal

(22,999 posts)
9. Probably the reason he's trashing the country. So it will make the oligarchs
Sun Apr 6, 2025, 03:29 PM
Apr 2025

Feel like they're home .

Kick in to the DU tip jar?

This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.

As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.

Tell me more...

Latest Discussions»General Discussion»Russians buying up NYC lu...