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Photo: Jorge Silva / AP

The FBI is looking into 60 transactions where a Kremlin-backed Russian bank sent a total of $380,000 to various embassies last year, Buzzfeed reports. A $30,000 wire transfer was sent to the U.S. embassy right before the U.S. election and included the memo: ""to finance election campaign of 2016."

Why it might matter: This could be more proof that Russia intentionally interfered with the U.S. election. It could also be that the money transfers were in connection to the polling stations opened at embassies for Russian voters living abroad since there was an election for the Duma — the lower Russian house of parliament — that year, Buzzfeed reports

  • The FBI has known about the transfer to the U.S. embassy since September, and sources told Buzzfeed that the Bureau is investing how the money was spent and if it was used in the U.S. presidential election.
  • Citibank has turned over its findings to the Senate Intelligence Committee. Their reports included info on more than 650 suspicious transactions between November 2013 and March 2017 from a Kremlin-backed, Russian bank, totaling about $2.9 million
  • "That money was sent to four Russian accounts operating in the US: the embassy; the Office of Defense, Military, Air and Naval Attaches; and Russian cultural centers in Washington and New York City. Most of these wire transfers were not related to the election," Buzzfeed reports.

Go deeper

The startup that wants to disrupt big internet providers

Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.

15 mins ago - World

Top general: China's hypersonic missile test "very close" to a "Sputnik moment"

Gen. Mark Milley. Photo: Rod Lamkey-Pool/Getty Images

Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, warned Wednesday that China's test of a hypersonic missile is "very concerning" and "very close" to the kind of "Sputnik moment" that triggered the Space Race during the Cold War.

Why it matters: The comments by America's top uniformed general underscore the depths of U.S. concerns about China's rapid military expansion and development of advanced weaponry.

Climate reckoning for oil and gas CEOs

Illustration: Aïda Amer/Axios

Top executives from ExxonMobil, BP, Chevron and Shell will face a reckoning on Capitol Hill Thursday, as they're grilled on evidence that their companies knew for years that their products were driving climate change but chose to downplay or deny it.

Why it matters: The hearing before the House Oversight Committee will be the first time these executives have been brought together to provide sworn testimony regarding what they knew about the ties between their company's products and climate change, and when they knew it.