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BREAKING: Executives at an Alaska gas venture tied to a Trump family friend have left after raising concerns about hidden Russian financing, per The New York Times and Financial Times.
The company, Polar LNG, has sought US approval to buy equipment from a sanctioned Russian gas project owned largely by Novatek. One of its investors is Gentry Beach, a friend of Donald Trump Jr.
Beach also said he separately signed a deal with Novatek last fall to develop gas in Alaska.
According to the reports, Novatek allegedly concealed its financial involvement through a UAE-linked intermediary. CEO Joel Riddle, who raised concerns about the financing and possible sanctions violations, left in September, followed by other executives, who urged the administration to investigate.
Vladimir Putin reportedly discussed Alaska energy cooperation with Trump envoys Steve Witkoff and Jared Kushner during Russia–Ukraine talks. The White House says the project came up only briefly, and there’s no evidence Witkoff or Kushner knew of the alleged financing.
Polar LNG denies wrongdoing.