From Russia to Silicon Valley
1
Money from the Russian state funds two institutions
Russian state
State
subsidies
State
subsidies
VTB Bank
Gazprom
Investholding
From Russia to Silicon Valley
1
Money from the Russian state funds two institutions
Russian state
State
subsidies
State
subsidies
VTB Bank
Gazprom
Investholding
From Russia to Silicon Valley
1
Money from the Russian state funds two institutions
Russian state
State
subsidies
State
subsidies
VTB Bank
Gazprom
Investholding
From Russia to Silicon Valley
1
Money from the Russian state funds two institutions
Russian state
State
subsidies
State
subsidies
VTB Bank
Gazprom
Investholding
Funds
$920m
loan
2
They fund stakes in investors in Silicon Valley
Kanton
Took
control
in 2011
Yuri Milner
Publicly
associated
DST
Investments 3
Investment vehicle
DST USA II
Investment
vehicle
3
These investors plough money into Twitter and Facebook. Separately Yuri Milner’s family trust invests $850,000 into Jared Kushner’s startup, Cadre
$191m in
shares
78 million
shares
$850,000
investment through
family trust
Cadre
Startup that Kushner
co-founded
Guardian graphic
Josh Holder, Nikolaus Kommenda and Cath Levett
From Russia to Silicon Valley
1
Money from the Russian state funds two institutions
Russian state
State
subsidies
State
subsidies
VTB Bank
Gazprom
Investholding
Funds
$920m
loan
2
They fund stakes in investors in Silicon Valley
Kanton
Took
control
in 2011
Yuri Milner
Publicly
associated
DST
Investments 3
Investment vehicle
DST USA II
Investment
vehicle
3
These investors plough money into Twitter and Facebook. Separately Yuri Milner’s family trust invests $850,000 into Jared Kushner’s startup, Cadre
$191m in
shares
78 million
shares
$850,000
investment through
family trust
Cadre
Startup that Kushner
co-founded
Guardian graphic | Josh Holder, Nikolaus Kommenda and Cath Levett
From Russia to Silicon Valley
1
Money from the Russian state funds two institutions
Russian state
State
subsidies
State
subsidies
VTB Bank
Gazprom
Investholding
Funds
$920m
loan
2
They fund stakes in investors in Silicon Valley
Kanton
Took
control
in 2011
Publicly
associated
Yuri Milner
DST
Investments 3
Investment vehicle
DST USA II
Investment
vehicle
3
These investors plough money into Twitter and Facebook. Separately Yuri Milner’s family trust invests $850,000 into Jared Kushner’s startup, Cadre
$850,000
investment
through
family trust
$191m in
shares
78 million
shares
Cadre
Startup that Kushner
co-founded
Guardian graphic | Josh Holder, Nikolaus Kommenda and Cath Levett
From Russia to Silicon Valley
3
These investors plough money into Twitter and Facebook. Separately Yuri Milner’s family trust invests $850,000 into Jared Kushner’s startup, Cadre
1
Money from the Russian state funds two institutions
2
They fund stakes in investors in Silicon Valley
$920m
loan
Took control
in 2011
78 million
shares
State
subsidies
Gazprom
Investholding
Kanton
DST USA II
Investment
vehicle
Publicly
associated
Yuri Milner
Russian state
Cadre
Startup that
Kushner
co-founded
$850,000
investment through
family trust
State
subsidies
Funds
VTB Bank
DST
Investments 3
Investment
vehicle
$191m in
shares
Guardian graphic | Josh Holder, Nikolaus Kommenda and Cath Levett
1
Money from the Russian state funds two institutions
2
They fund stakes in investors in Silicon Valley
3
These investors plough money into Twitter and Facebook. Separately Yuri Milner’s family trust invests $850,000 into Jared Kushner’s startup, Cadre
From Russia to Silicon Valley
$920m
loan
Took control
in 2011
78 million
shares
Publicly
associated
Gazprom
Investholding
Kanton
Services
DST USA II
Investment
vehicle
State
subsidies
$850,000
investment through
family trust
Yuri Milner
Russian
state
Cadre
Startup that
Kushner
co-founded
State
subsidies
$191m in
shares
Funds
VTB Bank
DST
Investments 3
Investment vehicle
Guardian graphic | Josh Holder, Nikolaus Kommenda and Cath Levett