New report reveals multimillion-dollar payments from Russian oligarchs to Hunter Biden

Hunter Biden's real estate firm received a $40 million investment from a Russian oligarch, according to leaked emails accessed exclusively by The Daily Mail.

Recently leaked emails indicate that Russian oligarch Yelena Baturina, billionaire widow of former Moscow Mayor Yury Luzhkov, invested $40 million in a real estate venture company, Rosemont Realty, owned by Hunter Biden. According to the Daily Mail, the investment came in 2012, when Joe Biden's son's company planned to invest $70 million in 2.15 million square feet of office space in seven U.S. cities.

The documents reflect that this sum of money came from a number of investors via Inteco Management AG, a Swiss company owned by Baturina, making it the largest investor (the 40 million represented more than 50% of the capital) in the company. Inteco Group is a plastics giant and Yelena Baturina was the richest woman in Russia at the time. According to Forbes, her current net worth is $1.4 billion.

Hunter Biden's business dealings with Yelena Baturina

The Daily Mail' s revelation comes as Hunter Biden is under investigation for tax offenses related to his overseas business dealings. Also notably, this is not the first time that the relationship between President Joe Biden's son and Baturina has come to light. The Russian oligarch transferred $3.5 million in 2014 to another company allegedly related to Hunter Biden, Rosemont Seneca Thornton LLC, as part of alleged "consulting agreements."

Viktor Baturin, Baturina's brother, told Daily Mail that it was "a payment to enter the U.S. market." However, George Mesires, Hunter's lawyer, denied any involvement on behalf of the president's son. "Hunter Biden had no interest in and was not a co-founder of Rosemont Seneca Thornton, so the claim that he was paid $3.5 million is false," Mesires told CNN in 2020. This information came to light after the multi-million dollar transaction was highlighted in an report commissioned by the Republican Party to investigate the business dealings of Joe Biden's son.