New York Times Reports Trump Sons’ Stake in Kazakhstan Tungsten Deal
The New York Times has reported that an investment firm partially owned by Donald Trump’s sons, Donald Jr. and Eric Trump, has secured a 20 percent stake in an international contract related to tungsten extraction in Kazakhstan.
According to the report, investors in the company Dominari Securities took part in this deal, which is connected to a tungsten mining project in Kazakhstan. Tungsten is considered a strategic metal with widespread applications in advanced technology and military industries.
The New York Times detailed that the deal was finalized weeks after Donald Trump and U.S. Commerce Secretary Wilbur Ross facilitated approval through direct calls with Kassym-Jomart Tokayev, the President of Kazakhstan, enabling an unnamed American company to access the country’s tungsten reserves.
It was also reported that the investment firm Cantor Fitzgerald, controlled by the Ross family, collaborated with one of the main investors in the project, collectively raising $210 million to advance the initiative.
The New York Times emphasized that this development raises fresh questions about the boundary between the personal business interests of the U.S. president’s family and the diplomatic decisions of the government. Previously, the Trump family’s business activities in countries such as Slovenia, Albania, Indonesia, and Saudi Arabia have sparked similar discussions concerning potential conflicts of interest.
