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Trump's eldest son pushes for a resort at a former Soviet submarine base

2024.10.06 PM 08:00
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Trump's eldest son pushes for a resort at a former Soviet submarine base
The area where Kushner intends to build the resort was a conservation area where new buildings cannot be built, but the Albanian government has added a clause that says "only five-star hotels are allowed to be built within the conservation area."


The Albanian government says the revision of the law is for the development of the tourism industry, but the Albanian opposition strongly opposed it, calling it a customized revision of the law for the Trump family.

In addition, Serbia's plan to build a resort, which Kushner pushed for in May by renting a building site under the Ministry of Defense in Belgrade's old city center, the site of the resort's construction, has also sparked controversy.

Former German Ambassador Richard Grenell, who served as a special envoy to the Balkans during the Trump administration, is known to have played a role in the process.

Grenell, a former ambassador with close ties to senior Serbian government officials, is now working for a private equity fund set up by Kushner, which is said to have affected the deal's signing by connections built during the Trump administration.

The site of the building under the Ministry of Defense, where the resort will be built, was destroyed by a bombing by the North Atlantic Treaty Organization during the Yugoslav civil war in 1999.

Serbian opposition parties oppose Kushner's construction of the resort, saying it cannot be tolerated that the U.S. capital that led the bombing would build the resort in what Serbian nationalists consider a sanctuary.

Kushner sparked controversy from the process of establishing a private equity fund after former President Trump's term ended.

This is because we have attracted $3.1 billion in investment and 4.2 trillion won in our money despite having little experience in financial investment.

In particular, the "Public Investment Fund," a sovereign wealth fund led by Saudi Arabia's heavyweight Crown Prince Muhammad bin Salman, reportedly provided $2 billion and 2.7 trillion won in Korean money.

Some interpreted that Crown Prince Muhammad invested a large amount of money to repay the Trump administration, which was highly pro-Saudi.

"Foreign governments are increasing their influence on the Trump family through investments in Kushner-led private equity funds and real estate contracts," Senator Ron Wyden, a U.S. Democrat, said, criticizing it for not taking the business side into account.





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