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Trump says his son told him he will repay Russian oligarch for wedding parties - Headlines news and analysis from Global Banking & Finance Review
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Trump says his son told him he will repay Russian oligarch for wedding parties

Published by Global Banking & Finance Review

Posted on September 18, 2026

2 min read

· Last updated: September 18, 2026

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Trump: Trump Jr. Will Repay Russian Oligarch for Wedding Party Expenses

Investigation into Trump Jr.'s Wedding Party Funding

By Jacob Bogage and Steve Holland

Trump Jr.'s Repayment Promise

WASHINGTON, Sept 18 (Reuters) - US President Donald Trump said on Friday his son, Donald Trump Jr., has told him he would pay back a Russian oligarch who bankrolled wedding celebrations for him in the Bahamas in May.

Congressional Investigation and Kremlev's Involvement

Democrats in the US Congress launched an investigation ‌this week into reports that Umar Kremlev, a wealthy Russian businessman and president of the International Boxing Association, paid hundreds of thousands of dollars for the wedding festivities.

Media Reports and Russian Connections

ProPublica, which first reported Kremlev's involvement, said he has close ties to the Russian government.

Trump's Response to the Reports

Trump told reporters on Friday that when he asked his son about the report, he responded, "'No, I'm paying it back, Dad.' And that was a while ago. So I heard he's paying."

A person familiar with the situation confirmed that Don Jr. planned to reimburse Kremlev. 

Reactions from Involved Parties

Kremlev and IBA's Silence

Kremlev and the IBA did not immediately respond to requests for comment late on Friday. 

President Trump's Statement

The president, who did not attend his son's wedding, said in a statement earlier in the week that he does not know Kremlev and that ​the wedding controversy is "not a ​big deal!"

Trump's History with Wedding Parties

Trump said on Friday he has given wedding parties to "numerous people" at "beautiful places" like his Mar-a-Lago Club in Palm Beach, Florida.

"They get married, I give them a party," Trump said. "With all of that being said, I understand that Don's paid him back." 

Bettina Trump's Clarification

Don Jr.'s wife, Bettina Trump, in an Instagram post on Monday called Kremlev a friend who ⁠extended an "extraordinarily generous wedding gift," stressing that Kremlev paid for two after-parties, not the wedding itself.

Reporting Credits

(Reporting by Jacob Bogage and Steve Holland; additional reporting by Alexander Ulmer; Editing by David Ljunggren, Colleen Jenkins and Will Dunham)

Key Takeaways

  • Donald Trump Jr. told his father he was "paying it back" for a Russian oligarch’s wedding party contributions, according to Trump’s comments on September 18, 2026. (Reuters) (investing.com)
  • Democrats in Congress have opened an investigation into reports that Umar Kremlev, head of the International Boxing Association, covered hundreds of thousands of dollars in Bahamas wedding festivities for Trump Jr. in May, amid concerns over his close ties to the Russian government. (Reuters, ProPublica) (investing.com)
  • Kremlev’s relationship to the Kremlin is well‑documented: he heads the IBA with financial backing from state-linked Gazprom, holds state honors from Putin, and is considered a Kremlin‑aligned sports official — though some reports caution ‘Kremlin-aligned’ may be more accurate than ‘oligarch’. (Washington Post, The Guardian, fact‑checkers) (washingtonpost.com)

References

Frequently Asked Questions

Who paid for Donald Trump Jr.'s wedding parties?
Umar Kremlev, a Russian businessman and president of the International Boxing Association, paid for the wedding parties.
Did Donald Trump Jr. plan to repay Umar Kremlev?
Yes, Donald Trump Jr. reportedly told his father that he would repay Umar Kremlev for the wedding party expenses.
What is Umar Kremlev's connection to the Russian government?
ProPublica reported that Umar Kremlev has close ties to the Russian government.
Was the entire wedding paid for by Kremlev?
No, Bettina Trump clarified Kremlev only paid for two after-parties, not the wedding itself.
Is there a congressional investigation related to this incident?
Yes, Democrats in the US Congress have launched an investigation into the reports about wedding payments.

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