Thursday, May 25, 2017

GOP candidate Greg Gianforte has financial ties to US-sanctioned Russian companies


A Republican congressional candidate has financial ties to a number of Russian companies that have been sanctioned by the US, the Guardian has learned. Greg Gianforte, who is the GOP standard bearer in the upcoming special election in Montana, owns just under $250,000 in shares in two index funds that are invested in the Russian economy to match its overall performance. According to a financial disclosure filed with the clerk of the House of Representatives, the Montana tech mogul owns almost $150,000 worth of shares in VanEck Vectors Russia ETF and $92,400 in the IShares MSCF Russia ETF fund. Both are indexed to the Russian equities market and have significant holdings in companies such as Gazprom and Rosneft that came under US sanctions in the aftermath of the Russian invasion of the Crimea.

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