Trump ballroom donor to lead state department’s $200m Armenia fund

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Konstantin Sokolov, a Russian-born private equity investor, will chair a new State Department enterprise fund with over $200 million intended for a Central Asia trade corridor focusing on transportation, energy infrastructure, and critical minerals. This appointment relates to significant US investment in strategic infrastructure and trade in the region.

Konstantin Sokolov, who gave undisclosed sum and has not held government job before, to chair Tripp+ trade project Konstantin Sokolov, a Russian-born private equity investor in Chicago, will serve as chairman of a new state department enterprise fund overseeing more than $200m designated for a central Asia trade corridor, including investments in transportation, energy infrastructure and critical minerals, the Guardian has learned. The state department confirmed his appointment on Friday. Sokolov was one of 36 donors, including 21 corporations and 15 individuals and family foundations, who Trump said contributed over $350m to Donald Trump’s ballroom project. Continue reading...