Big Clinton Foundation Backer Sold Pipelines to Iran

Hillary Clinton, Bill Clinton
AP

A major Clinton Foundation donor sold pipelines to Iran during Hillary Clinton’s tenure a Secretary of State, Newsweek reported last week.

Victor Pinchuk, a Ukrainian businessman, reportedly shipped the pipelines to Iran through his company Interpipe between 2011 and 2012.

Newsweek has seen declarations and documents from Ukraine that show a series of shipments from Interpipe to Iran in 2011 and 2012, including railway parts and products commonly used in the oil and gas sectors.

Among a number of high-value invoices for products related to rail or oil and gas, one shipment for $1.8m (1.7m) in May 2012 was for "seamless hot-worked steel pipes for pipelines" and destined for a city near the Caspian Sea.

Both the rail and oil and gas sectors are sanctioned by the US, which specifically prohibits any single invoice to the Iranian petrochemical industry worth more than $1m.

Former Rep. Steve Stockman (R., Texas) raised questions about the company’s trade activities in a letter to the Treasury Department last year, Newsweek reported.