• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Tuesday, March 28, 2023
Ector County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Business

Russia Business Deals Muddy GOP US Senate Primary In Ohio – The Associated Press – En Español

by NewsReporter
March 15, 2022
in Business
russia-business-deals-muddy-gop-us-senate-primary-in-ohio-–-the-associated-press-–-en-espanol
Share on FacebookShare on Twitter

COLUMBUS, Ohio (AP) — Several Republicans competing for the party’s nomination to run for U.S. Senate in Ohio are facing scrutiny for their ties to Russia as the country intensifies its war against Ukraine.

Much of the attention has focused on former Ohio Republican Party Chair Jane Timken, whose husband’s family founded a company that does business in Russia. But other candidates in the race to succeed retiring GOP Sen. Rob Portman, including J.D. Vance and Mike Gibbons, also have links to business deals in Russia that could become vulnerabilities in the May 3 primary.

While domestic issues generally dominate midterm political contests, Russia’s invasion of Ukraine — with its harrowing images of civilian casualties — has become an animating subject of the competitive Senate race in Ohio, which has a large Ukrainian American population. In a race with several millionaire candidates, the war is highlighting the risks that come with being wealthy and having tangled investment interests involving foreign countries.

The easiest target has long been Timken, whose husband sits on the board of the like-named Fortune 500 ball bearing manufacturer based in North Canton, Ohio. Even before Ukraine, her adversaries sought to pin the Timken Co.’s international business dealings on Timken.

Timken Co. last week suspended its operations in Russia, where it has a manufacturing plant and an 8-year-old relationship with United Wagon Co., a Moscow-based manufacturer and servicer of freight cars. The company signed the deal in 2014, around the time Russia seized Crimea.

Conservative PACs, mostly backing Republican Josh Mandel in the race, pilloried Timken in attack ads as “shameless” for outwardly supporting Ukraine and calling for tough sanctions on Russia while making money off her investments in the company. She has reported owning roughly 2,800 shares in Timken Co., whose stock price initially rose after the Feb. 24 invasion.

After Timken criticized Vance for voicing indifference to the fate of Ukraine in the days leading up to the invasion, a Vance ally tweeted, “No candidate has business ties in Russia except for Jane Timken. Her husband’s company has provided steel for their tanks, rail, and military.” The attacks continued from the left, with one labor union ally trying to label Timken “Russia Jane.”

Mandel, meanwhile, questioned the U.S. focus on Ukraine, asking a week before the Russian invasion, “Why is Joe Biden more concerned about Ukraine’s border than our own?”

Timken campaign spokesperson Mandi Merritt calls the attacks on Timken unfair.

“It’s a nonsense line of attack that Jane is somehow responsible for every business decision of a multi-billion dollar company where she never even worked,” Merritt said in a statement. “Jane’s record of standing up for Ukraine and championing Ohioans is unmatched.”

Portman, a co-chair of the Senate Ukraine Caucus, has endorsed Timken and campaigned with her around the state earlier this month.

Vance’s business interests in Russia are actually more direct.

In May 2021, he joined Peter Thiel and other prominent conservative venture capitalists and invested in the video platform Rumble, a YouTube alternative favored by the political right. After tech companies including Meta and Twitter limited Russia’s state-controlled news network RT to minimize the spread of propaganda, the Russian government announced it would move to Rumble.

“Rumble has consistently supported free speech on its platform — even speech it may find offensive,” Vance campaign spokesperson Taylor Van Kirk said in an email, adding that this is “unlike Twitter, which censors a sitting U.S. President while allowing the Chinese Communist Party, North Korea and the Ayatollah Khomeini (to name a few) to continue their propaganda.”

Gibbons, another Senate candidate, is distancing himself from a Russian business deal announced by his company, Brown Gibbons Lang & Company, in 2011. Campaign spokesperson Samantha Cotten said BGL was merely promoting the transaction of another member of the 38-company Global M&A association.

The transaction — sale of a 57% stake in a Belarusian machine-building plant to Moscow-headquartered HMS Group — “was exclusively executed by another company,” she said. HMS specializes in pipes for the Russian oil industry and one of its main customers is Gazprom, the state-owned gas giant and majority owner of the Nord Stream 2 pipeline, whose operation was suspended because of the war.

Lost in the ad attacks against Timken is the fact that their intended beneficiary, Mandel, has taken thousands of dollars in campaign contributions from Timken family members, employees and PACs over the years.

According to campaign finance data made available by the nonpartisan Center for Responsive Politics, so have many other candidates on Ohio’s 2022 ballot. They include two other Senate candidates — Republican state Sen. Matt Dolan and the best known Democrat in the race, U.S. Rep. Tim Ryan — as well as Republican Gov. Mike DeWine and a rival in the GOP gubernatorial primary, former U.S. Rep. Jim Renacci.

Among other entanglements, the real estate company owned at the time by the family of Mandel’s then-wife, Alana, sold off its stake in the Brooklyn Nets and Barclays Center to Russian oligarch Mikhail Prokhorov in 2016. The billionaire has since sold the assets.

___

Associated Press writer Jill Colvin contributed to this report from Canton, Ohio.

Related Posts

live-news-updates:-american-airlines-‘ill-prepared’-for-rebound-in-demand,-warns-pilots-union-–-financial-times

Live News Updates: American Airlines ‘ill-Prepared’ For Rebound In Demand, Warns Pilots Union – Financial Times

by NewsReporter
April 14, 2022
0

Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news Digital Be informed with the essentialnews and opinion MyFT – track the topics most important to...

sri-lankan-protesters-mark-new-year-near-president’s-office-–-fredericksburg.com

Sri Lankan Protesters Mark New Year Near President’s Office – Fredericksburg.com

by NewsReporter
April 14, 2022
0

By KRISHAN FRANCIS - Associated Press COLOMBO, Sri Lanka (AP) — Sri Lankans shared milk rice and oil cakes to celebrate their traditional new year on Thursday opposite the president’s office, where they camped out for a sixth day demanding his resignation over the worst economic crisis in memory.Soldiers who...

infosys-q4-net-at-`5,686-cr-–-the-indian-express

Infosys Q4 Net At `5,686 Cr – The Indian Express

by NewsReporter
April 13, 2022
0

Written by Shubhra Tandon | New Delhi | April 14, 2022 4:00:24 am Meanwhile, as per a Reuters report, Infosys said it would move its business out Russia and pursue alternate options. Infosys on Wednesday missed estimates for headline numbers for the March quarter. However, the company offered an encouraging...

breaking:-1-more-held-in-connection-with-protest-outside-sharad-pawar’s-house-–-hindustan-times

Breaking: 1 More Held In Connection With Protest Outside Sharad Pawar’s House – Hindustan Times

by NewsReporter
April 13, 2022
0

Live Breaking news updates April 13, 2022: Get latest news, breaking news, latest updates, live news, top headlines, breaking business news and top news of the hour. ind fast updates about the latest news as it breaks. Updated on Apr 13, 2022 03:45 PM IST Welcome to hindustantimes.com live updates...

Ector County News Online

© 2021 Ector County News Now

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Ector County News Now

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT