Russian Oligarch’s Cash Ties Journalist to Putin Biographer

A recent leak of financial records has revealed that a German journalist known for his sympathetic portrayals of Russian President Vladimir Putin received hundreds of thousands of dollars in “sponsorship” from a shell company linked to a sanctioned Russian oligarch.

Hubert Seipel’s Financial Ties

Hubert Seipel, an author and television personality, agreed to receive around $700,000 from a Cyprus-based company tied to billionaire oligarch Viktor Mordashov. The deal was brokered by a lawyer working for Mordashov’s steel conglomerate, Severstal.

Purpose of the “Sponsorship”

The “sponsorship” agreement was meant to support Seipel’s writing of a book about the political environment in Russia, according to handwritten notes on the records. The deal also references a 2013 agreement for a “Putin biography,” which Seipel has published twice in German under titles such as “Putin: Inner Views of Power” and “Putin’s Power.”

Questions Raised

Seipel has vehemently denied being on the Kremlin’s payroll, but the documents raise questions about his independence as a journalist. The records were uncovered by German reporters working for Paper Trail Media, Der Spiegel, and ZDF.

Cyprus’ Role in Money Laundering

The revelations come as part of a larger investigation into Cyprus’ role in hiding Russian money laundering schemes. The island nation has become a magnet for wealthy individuals seeking to hide their assets and avoid taxes.

Influence on Western Journalism

Seipel’s deal is just one example of the breadth and sophistication of Russia’s propaganda machine abroad. His books have been widely praised by Germany’s media and publishing industries, which have hailed him as one of the country’s leading analysts of Russia.

Response from Seipel

In response to questions from Paper Trail Media, Seipel acknowledged Mordashov’s “support” for his books but defended his work as unbiased. However, the records raise concerns about the potential influence of Russian money on Western journalists and experts who shape public opinion about the Kremlin.

Call for Greater Transparency

The case highlights the need for greater transparency and accountability in the financial dealings of high-profile journalists and politicians. As Russia continues to exert its influence around the world, it is essential that we hold those who receive funding from sanctioned individuals or entities accountable for their actions.