The Ukrainian oligarch Victor Pinchuk, 54, has courted the Clintons for at least nine years – in the United States, the Alps and Ukraine, states Newsweek.
Earlier this year, he was confirmed as the largest individual contributor to the Clinton Foundation, whose aims include the creation of “economic opportunity and growth.”
Pinchuck also has connections to the Tony Blair Foundation and was its biggest single donor in 2013.
He is the fourth richest man in Ukraine and owns Interpipe Group, a Cyprus-incorporated manufacturer of seamless pipes used in oil and gas sectors.
Newsweek has seen declarations and documents from Ukraine that show a series of shipments from Interpipe to Iran in 2011 and 2012, including railway parts and products commonly used in the oil and gas sectors.
Among a number of invoices for products related to rail or oil and gas, one shipment for $1.8m (1.7m) in May 2012 was for “seamless hot-worked steel pipes for pipelines” and destined for a city near the Caspian Sea.
Clinton’s political enemies are likely to seize on news that Pinchuck is a major benefactor to the Clinton Foundation and has been trading with Iran and may be in breach of U.S. sanctions imposed on the country, according to Newsweek.
Newsweek states that U.S. sanctions laws are complex and, in certain areas, ill-defined. Interpipe may qualify for penalties due to the mere presence on American soil of North American Interpipe Inc, its United States subsidiary.
The US authorities can also penalize non-American subsidiaries with no base in the US at all which it judges to be working counter to its foreign policy, as happened to Zhuhai Zhenrong, a Chinese oil company, in 2012.
So be sure to watch for the new “scandal” on FOX !