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The Guardian - US
The Guardian - US
World
Cate Brown

Trump ballroom donor to lead state department’s $200m Armenia fund

President Trump holds a large photograph of a building with white columns against a blue sky
Donald Trump hold an artist’s rendering of the White House when his proposed ballroom is completed. Photograph: Chip Somodevilla/Getty Images

Konstantin Sokolov, a Russian-born private equity investor in Chicago, will serve as chairman of a new state department enterprise fund overseeing more than $200m designated for a central Asia trade corridor, including investments in transportation, energy infrastructure and critical minerals, the Guardian has learned. The state department confirmed his appointment on Friday.

Sokolov was one of 36 donors, including 21 corporations and 15 individuals and family foundations, who Donald Trump said contributed over $350m to his ballroom project.

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