This story was updated on Dec. 21, 2017 to reflect the Justice Department’s renewed interest in the Uranium One deal.
Attorney General Jeff Sessions is reviving a probe into Hillary Clinton’s role in the 2010 approval of a deal that allowed Rosatom, a Russian state-owned nuclear power company, to acquire Uranium One, a Canadian firm with significant uranium mining assets in the U.S., according to an NBC News Report.
The State Department, which Hillary Clinton led at the time, holds one of the nine seats on the Committee on Foreign Investment in the United States (CFIUS), a panel chaired by the Treasury Department that is charged with evaluating the national security implications of foreign acquisitions of U.S. assets. While there is no indication Clinton intervened in the deal, a New York Times report that Uranium One executives made donations to the Clinton Foundation led some, including President Donald Trump, to suspect pay-for-play.
Uranium deal to Russia, with Clinton help and Obama Administration knowledge, is the biggest story that Fake Media doesn't want to follow!
— Donald J. Trump (@realDonaldTrump) October 19, 2017
The Backstory
Over a period of several years, Russia’s state-owned nuclear power company, Rosatom, acquired a majority stake in Uranium One, a Canadian company that controlled significant U.S. uranium deposits. Because the deal potentially affected U.S. national security interests, this triggered a CIFIUS review. CFIUS determined that the deal did not threaten U.S. national security and unanimously recommended to President Obama that the transaction be allowed to go forward.
Why It’s Controversial
A New York Times investigation in 2015 revealed that Uranium One executives had donated heavily to the Clinton Foundation. Uranium One’s former chairman had long been among the Clinton Foundation’s largest donors. While his contributions to the Foundation predated the deal, other executives with Uranium One did make donations contemporaneous with the consideration by CFIUS and most of the donations were not disclosed by the Clinton Foundation. Further, the same month the deal went through, Bill Clinton was paid $500,000 by a Kremlin-linked investment bank to give a speech in Moscow.
Also troubling, a recent report by John Solomon and Alison Spann in The Hill revealed that before the deal was approved, the FBI uncovered evidence of a Russian bribery scheme related to Rosatom’s efforts to gain control of Uranium One. According to the report:
“Federal agents used a confidential U.S. witness working inside the Russian nuclear industry to gather extensive financial records, make secret recordings and intercept emails as early as 2009 that showed Moscow had compromised an American uranium trucking firm with bribes and kickbacks in violation of the Foreign Corrupt Practices Act, FBI and court documents show.”
Senator Chuck Grassley is now investigating whether this was considered before the deal was approved: “The fact that Rosatom subsidiaries in the United States were under criminal investigation as a result of a U.S. intelligence operation apparently around the time CFIUS approved the Uranium One/Rosatom transaction raises questions about whether that information factored into CFIUS’ decision to approve the transaction,” he wrote in a series of letters to 10 government agencies.
What to Make of It
Given that Clinton was one of the more hawkish members of Obama’s cabinet, she was among those most likely to block it. It’s reasonable to speculate that the donations by Uranium One executives to the Clinton Foundation could have been an attempt to secure her support. As the Washington Post’s Callum Borcher wrote, “it is virtually impossible to view these donations as anything other than an attempt to curry favor with Clinton.”
None of this looks good, but there’s no indication that Clinton took any action to encourage the deal’s approval. Most CFIUS decisions are handled at the deputies level, although occasionally more controversial matters rise to the principals. And the State Department’s representative on CIFIUS, Jose Fernandez, told Time that Clinton “never intervened with me on any CFIUS matter,” including this one.
Further, the State Department was not solely responsible for the approval of the deal. Eight other federal agencies and the Canadian government also signed off. The concern about Uranium One was U.S. dependence on imported uranium for nuclear power. However, uranium ore from the U.S. mines owned by Uranium One was not licensed for export. That was enough to allay concerns of the CFIUS panel.
Bottom Line:
Rosatom’s acquisition of Uranium One did not give Russia 20% of America’s uranium. It actually gave Russia no uranium at all. Unless President Trump decides to issue an export license permitting the export of uranium ore from these mines to Russia, something which President Obama declined to do, this deal does not give Russia one ounce of American uranium. Besides, as one of the world’s largest uranium producers, Russia hardly needs U.S. uranium.
While the donations to the Clinton Foundation from people linked to Uranium One look shady, there’s no evidence that they prompted any action from Clinton. Clinton did not singlehandedly turn over U.S. uranium to Russia, but she didn’t stand in the way either.
Reflections on September 11, 2001
It is hard to describe just how normal the world felt in the early morning hours of September 11, 2001. The saga of a missing DC intern transfixed the nation, the cover of a recent issue of Time Magazine declared the “Summer of the Shark,” and our most pressing national dilemma was what to do with the Federal budget surplus.
Then came a moment of consequence and horror that is indelibly etched into each of our memories. None of us will ever forget where we were on that day sixteen years ago that changed the world forever.
I remember watching the televised images of smoke billowing from the North Tower of the World Trade Center with my colleagues at the White House. And then, minutes later, the terrible realization, written in the flames and horror of United Flight 175 smashing into the South Tower, that our nation was under attack.
The shock came in waves. Soon, the Pentagon was in flames and with it the uneasy feeling that we were surely next. Before long, Secret Service agents sprinted through the halls ordering everyone to evacuate. Women were instructed to remove their heels and run. As, I made my way outside the gates of the White House, all of them, were flung open. The citadel of the free world had been breeched.
Somewhere over rural Pennsylvania, an extraordinary act of herorism was unfolding aboard hijacked United Flight 93, now bound for Washington, DC with either the White House or U.S. Capitol as its intended target. Passengers Mark Bingham, Tom Burnett, Jeremy Glick and Todd Beamer conceived a plan to take control of the plane. Beamer recited the 23rd Psalm before rallying his fellow passengers with the words “Let’s Roll.”
In a sermon a few days after 9/11 at the National Cathedral, the great Rev. Billy Graham captured the moment when he said, “The lesson of 9/11 is not only about the mystery of iniquity and evil, but, it’s a lesson about our need for each other.”
The firefighters and police officers that rushed into the burning buildings to save people they never met, knowing the chances were good that they would be giving their own life in the process. The passengers of Flight 93 who sacrificed themselves to save the lives of countless others, perhaps even mine. The scores of young men and women who in extraordinary acts of selflessness chose to put on the uniform of our country in the years that followed, knowing that they were almost certainly bound for war — many of them never to return.
In the horror of that day, what was best about our country was revealed in countless acts of courage large and small; flags flown on streets and houses across the land and in the basic decency of a people who came together in shared grief for people whom they had never met, simply because they too called themselves Americans.
In Berlin, 200,000 people converged on the Brandenburg Gate in solidarity. In London, the Star Spangled Banner played at Buckingham Palace and the city fell silent as the chimes of Big Ben rang out. And In Paris, a Le Monde headline declared “We are All Americans.”
The terrorists that attacked our country hated the very things we love most about it. The freedom to worship in whatever manner we see fit. The equality of women. The right to choose how we are governed and criticize those who govern us.
They intended to break our spirit. They failed.
Instead they united us, a nation of different faiths, politics and skin color, in our common love for each other and our country, in our faith in the almighty, and in our solemn determination that the beacon of human liberty shine brighter than ever.