• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceRussia

Here’s Why Russian Intelligence Bombshell on Donald Trump Might Be Believable

By
Geoffrey Smith
Geoffrey Smith
Down Arrow Button Icon
By
Geoffrey Smith
Geoffrey Smith
Down Arrow Button Icon
January 11, 2017, 2:04 PM ET

The disputed intelligence dossier compiled for the Democratic Party against Donald Trump is obviously unverifiable. Intelligence work is supposed to work that way. Nobody gives receipts for the most salacious parts of the alleged conduct, and nobody says “of course you can quote me on that.” Everything is deniable. And by the time the claims come out, any halfway competent intelligence organization will have ensured that all those who could corroborate it are well out of harm’s way, in this world or the next.

Nor is such cynicism a Russian monopoly, it should go without saying. But for all that the dossier says about Trump and members of his campaign team that is untrue, unverifiable, or illogical, it says plenty about Russia under Vladimir Putin that has the ring of truth.

Few would dispute, in retrospect, that Trump had succeeded in making Europe’s inadequate contributions to NATO more of a campaign issue than Russia’s invasion of Crimea. Few will be surprised by allegations of Putin’s obsession with expat Russians in the U.S., always first in line as suspects for sponsoring revolution at home.

Whether such details are just enough to give it a veneer of credibility is another question, because there are also plenty of bits in the dossier that are illogical, or at least contradictory. But then that might equally reflect actual contradictions in the corridors of power in Moscow. It’s impossible to know.

The dossier paints a picture of a “Trump support operation” that was conceived and encouraged by the intelligence services from which Putin himself emerged, against the advice of professional diplomats, past and present. That seems plausible enough, given the respective nature of spies and diplomats, and the respective measure of trust he has shown in both since 2000.

So, the dossier claims, when allegations of Russian involvement in the hacking of Hillary Clinton’s staff’s e-mails exploded, Putin looked for a scapegoat, and found one in his chief of staff, Sergey Ivanov. Ivanov, a long-serving aide who was in any case nearer the end than the start of his career, was indeed sacked in August without any detailed explanation, from Russian media. He was replaced with Anton Vaino, partly because he was not involved in the operation, according to the dossier.

The claim that Putin considered making Foreign Minister Sergey Lavrov another scapegoat seems more far-fetched, however. Not only is Lavrov an operator with few equals in world diplomacy, this was all happening when Russia’s military involvement in Syria was intensifying. It seems highly unlikely that Putin would have dropped his chief advisor at the most sensitive time for Russian foreign policy since the collapse of the Soviet Union.

The dossier also claims (on the basis of three separate sources) that Carter Page, a sometime Trump adviser with extensive past ties to gas giant Gazprom, met in July with Igor Sechin, the U.S.-sanctioned CEO of oil giant Rosneft. (Page insists that such claims are “complete garbage.”)

The notion that Sechin, by most people’s reckoning the most powerful man in Russia after Putin, had sought the lifting of U.S. sanctions in return for a renewed energy partnership, is entirely logical. Sanctions have severely crimped Rosneft’s investment (notably in its joint venture drilling for oil in the Arctic with ExxonMobil), and lifting them would benefit no-one more than Rosneft.

Less credible is the claim that Sechin offered the U.S. a sizeable stake in Rosneft in return. True, there was a stake in Rosneft for sale last year. But the state budget was due to receive the money from it by December, and there was never any chance of selling to a U.S. entity in that timeframe. It eventually went to a consortium of Qatar and Glencore, with financing by Italy’s Banca Intesa SanPaolo.

Page, like Trump’s campaign manager Paul Manafort, were withdrawn from Trump’s team after the spotlight on their Russian connections grew too intense, though even the dossier acknowledges there were other factors at work there, too. But one claim regarding Manafort stands out: That Putin refused to believe the reassurances of Viktor Yanukovych, the disgraced ex-president of Ukraine, that there was no paper trail confirming illicit payments made to Manafort that would discredit him in the U.S. Whatever the truth, and Manafort denies any wrongdoing, Putin’s exasperation at Yanukovych’s shortcomings is a matter of record.

Finally, some parts of the dossier’s characterization of relations between Putin and Alfa Group is likely on the mark, or close to it. Alfa Bank, it will be remembered, was rather fancifully linked with Trump by Democrat-leaning publications last year. The dossier paints a picture of a long-standing symbiotic relationship between Alfa Group and the Russian leader. More recently, the dossier claims, Alfa owners Mikhail Fridman and Pyotr Aven have provided Putin with valuable information through their own network of business contacts in the U.S., valued particularly because of the conflicting signals Putin was getting from his diplomats and spies regarding the success of the alleged operation.

Alfa, like the Kremlin on Wednesday, dismissed the dossier’s contents.

“The allegations in the dossier with regard to Fridman, Aven and Alfa are fake news,” a source close to the group said.

 

 

 

About the Author
By Geoffrey Smith
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Man wearing a suit and tie and glasses
Big TechTech
Microsoft, Meta, and Google just announced billions more in AI spending. Only Google convinced investors it’s paying off
By Amanda GerutApril 29, 2026
3 hours ago
A man in a suit and tie
InvestingMeta
Meta just bumped its 2026 capex forecast up to as much as $145 billion for the AI boom—and investors flinched
By Amanda GerutApril 29, 2026
5 hours ago
teri
BankingBanks
Exclusive: America’s largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth
By Nick LichtenbergApril 29, 2026
5 hours ago
A broken grounded plane sits on the tarmac surrounded by machinery
North AmericaAirports
Trackers will be added to emergency vehicles at LaGuardia following deadly March collision
By Bruce Shipkowski and The Associated PressApril 29, 2026
8 hours ago
People wait in long lines at the airport.
PoliticsWhite House
More airport disruptions may be coming as White House warns pay for TSA workers will ‘soon run out’
By Lisa Mascaro and The Associated PressApril 29, 2026
8 hours ago
trump
Energywind energy
Trump spent nearly $2 billion of taxpayer money to undo wind projects already underway. Dems demand answers
By Jennifer McDermott and The Associated PressApril 29, 2026
8 hours ago

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
3 days ago
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
Energy
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
By Shawn TullyApril 29, 2026
21 hours ago
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
AI
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
By Sasha RogelbergApril 28, 2026
2 days ago
Jamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
Economy
Jamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
By Eleanor PringleApril 29, 2026
17 hours ago
‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee
Banking
‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee
By Eva RoytburgApril 29, 2026
9 hours ago
More than two-thirds of U.S. schools say they’re unable to afford the cost of student free lunch—and MAHA’s dietary guidelines may make it worse
Economy
More than two-thirds of U.S. schools say they’re unable to afford the cost of student free lunch—and MAHA’s dietary guidelines may make it worse
By Sasha RogelbergApril 29, 2026
19 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.