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IPFS News Link • Crony Capitalism

Russian billionaire seeks U.S. government financing for luxury jets

• Reuters

Billionaire Russian businessman Gennady Timchenko, a long-time associate of Russian President Vladimir Putin, plans to seek U.S. government-backed funding to buy luxury aircraft, Reuters has learned.

To smooth the path for financial backing from the U.S. Export-Import Bank and allay possible U.S. government concerns about him, Timchenko hired lobbyists from powerhouse Washington law firm Patton Boggs

1 Comments in Response to

Comment by Olde Reb
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politicians who vote in favor of giving him the money get a kick-back.  It is called a campaign contribution.