A half-dozen U.S. lobbying firms have severed ties with Russian-linked businesses over the past week.
It represents a dramatic pullback for an industry that typically has few qualms about representing controversial interests. – A half-dozen U.S. lobbying firms severed ties with Russian-linked businesses over the past week, a dramatic pullback for an industry that often has few qualms about representing controversial interests.
Thus far, it’s reversed the normal order of business when war breaks out, which often spurs foreign governments to enlist Washington-based firms to lobby the U.S. government, a review of lobbying records shows.“These lobbying firms and lobbyists were pulling in huge amounts of money,” said Craig Holman, a registered lobbyist for the good government group Public Citizen, who closely tracks the industry.
In 2019, for example, a Libyan general seeking to consolidate his power in the North African country spent $2 million hiring a Texas-based firm to forge closer relations with the U.S.Many of the Russian-linked companies that were dropped were involved in the Nord Stream 2 project, a completed undersea pipeline that would bypass Ukraine to send Russian gas supplies to Europe via Germany.
“We felt the honorable thing to do in the aftermath of the Russian invasion was to support U.S. policy and withdraw from the pipeline project,” Richard Burt, who leads a wing of McLarty focused on foreign interests, wrote in an email. Burt had donated $14,000 to Biden’s 2020 election efforts, record show.
Firms representing Russian banks also dropped clients. That includes Sberbank and VTB, Russia’s two largest state-run banks, which were targeted last week by sanctions aimed at limiting their businesses internationally.
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