Jared Kushner’s questionable ties to a deal he helped negotiate are again in the spotlight a day after he spoke out to defend himself.
On Saturday, The New York Times reported that Kushner’s business partners stand to profit from a Russian oil deal he helped broker. A day earlier, Kushner took to X to blast a CNN report scrutinizing his business dealings in Israel.
Talks between the Trump administration and Russia over ending the war in Ukraine have widened to include a multibillion-dollar sale of international assets owned by Lukoil, one of Russia’s largest oil companies, the Times reported. Russian President Vladimir Putin raised the deal during a September 5 Kremlin meeting with Kushner and special envoy Steve Witkoff, according to the report.
The leading group bidding for Lukoil’s assets includes Trump megadonor Todd Boehly, a federal agency and two Middle Eastern investment groups with business ties to Kushner or Witkoff’s family. One is a Qatar-based conglomerate run by brothers Moutaz and Ramez Al-Khayyat, who have partnered with Kushner and his wife, Ivanka Trump, on a luxury resort in Albania.
Another member of the group is a fund controlled by Emirati national security adviser Sheikh Tahnoon bin Zayed Al Nahyan, whose separate fund Lunate ranks among the biggest backers of Kushner’s private equity firm.
The Times found no sign that Kushner or Witkoff would personally profit. But a senior administration official confirmed both men had a direct hand in shaping the federal government’s financial stake, pushing for a “substantial upfront payment and profits interest for the United States.”
Hui Chen, a former Justice Department prosecutor and ethics adviser, raised red flags about the arrangement.
“This is an alarming and very concerning set of entanglements,” Chen told the Times. “And it means you have to question how the Trump administration is evaluating the different bidders involved here. Are the personal interests involved going to wrongly influence the outcome?”
The revelations land one day after Kushner went on the offensive against CNN, which reported Thursday that his firm Affinity Partners is the top shareholder in an Israeli financial company invested in suppliers to Israel’s military. CNN noted it found no evidence his diplomacy affected those holdings.
“For the last 10 years, I have ignored false and misleading stories about me and focused on the work,” Kushner posted on X Friday. He called CNN’s story “deeply misleading” and vowed to start publicly rebutting coverage he views as inaccurate.
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