Page:Report On The Investigation Into Russian Interference In The 2016 Presidential Election.pdf/104

U.S. Department of Justice

Attorney Work Product // May Contain Material Protected Under Fed. R. Crim. P. 6(e)

a. Background

Before he began working for the Campaign in January 2016, Page had substantial prior experience studying Russian policy issues and living and working in Moscow. From 2004 to 2007, Page was the deputy branch manager of Merrill Lynch's Moscow office.^[1] There, he worked on transactions involving the Russian energy company Gazprom and came to know Gazprom's deputy chief financial officer, Sergey Yatsenko.^[2]

In 2008, Page founded Global Energy Capital LLC (GEC), an investment management and advisory firm focused on the energy sector in emerging markets.^[3] Grand Jury ^[4] The company otherwise had no sources of income, and Page was forced to draw down his life savings to support himself and pursue his business venture.^[5] Page asked Yatsenko to work with him at GEC as a senior advisor on a contingency basis, Grand Jury .^[6]

In 2008, Page met Alexander Bulatov, a Russian government official who worked at the Russian Consulate in New York.^[7] Page later learned that Bulatov was a Russian intelligence officer, Grand Jury .^[8]

In 2013, Victor Podobnyy, another Russian intelligence officer working covertly in the United States under diplomatic cover, formed a relationship with Page.^[9] Podobnyy met Page at an energy symposium in New York City and began exchanging emails with him.^[10] Podobnyy and Page also met in person on multiple occasions, during which Page offered his outlook on the future of the energy industry and provided documents to Podobnyy about the energy business.^[11]

In a recorded conversation on April 8, 2013, Podobnyy told another intelligence officer that Page was interested in business opportunities in Russia.^[12] In Podobnyy's words, Page "got hooked on

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1. Testimony of Carter Page, Hearing Before the U.S. House of Representatives, Permanent Select Committee on Intelligence, 115th Cong. 40 (Nov. 2, 2017) (exhibit).
2. Page 3/30/17 302, at 10.
3. Grand Jury 
4. Grand Jury 
5. Grand Jury 
6. Page 3/30/17 302, at 10. Grand Jury 
7. Grand Jury 
8. Grand Jury 
9. Grand Jury  Complaint ¶ 22, 24, 32, United States v, Buryakov, 1:15-mj-215 (S.D.N.Y. Jan. 23, 2015), Doc. 1 ("Buryakov Complaint").
10. Buryakov Complaint ¶ 34.
11. Buryakov Complaint ¶ 34.
12. Buryakov Complaint ¶ 32.

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