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Trump denies owing money to banks in Russia, other states

Oct 16, 2020

Washington DC (USA) Oct 16: US President Donald Trump denied that his family's company, Trump Organization, has serious debts to banks of Russia and other countries.
"No, I don't owe Russia money. It's called mortgages. I will let you know who I owe, whatever small amount it is," he said late on Thursday at a meeting with voters in Miami, Florida, broadcast live by NBC.
When asked whether he had debts to any foreign bank, Trump replied: "Not that I know of, but I will probably."
Commenting on earlier media reports that his company owed $421 million in debts, the US leader said: "When you look at vast properties like I have, and they're big and they're beautiful and they're well-located, when you look at that, the amount of money, $400 million, is a peanut, it's extremely underleveraged." "And it's leveraged with normally normal banks. Not a big deal," Trump added.
Source: TASS