Drudge Retort: The Other Side of the News
Thursday, October 30, 2025

President Trump's nominee for a top post at the U.S. Export-Import (EXIM) Bank withdrew his nomination this week amid scrutiny over his ties to Russia. Bryce McFerran, who was nominated as first vice president and vice chair of EXIM bank, was slated to appear for his confirmation hearing on Thursday. An EXIM spokesperson confirmed to The Hill that he has withdrawn his nomination. McFerran drew scrutiny from Sen. Elizabeth Warren (D-Mass.), the top Democrat on the Senate Banking Committee, after The Washington Post obtained federal financial disclosures showing he spent much of the past decade as a senior executive at a Swiss subsidiary of Evraz PLC, a steel-trading business co-owned by Russian billionaire Roman Abramovich.

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Warren noted that McFerran continued to work at the subsidiary even after the United Kingdom imposed sanctions on Evraz. The U.S. later sanctioned several of its subsidiaries. The Post also reported that McFerran has extensive ties to the Kremlin through his wife's family, members of which reportedly hold senior positions at a Russian-backed investment fund. McFerran's father-in-law is reportedly an aide to one of Russian President Vladimir Putin's advisers and was previously a senator in Russia's upper chamber of parliament, according to the Post.

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#1 | Posted by C0RI0LANUS at 2025-10-30 01:33 PM | Reply

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