It suggests that Cohen took over management of the relationship with Russia after campaign chairman Paul Manafort was fired in August 2016. Cohen is said to have met secretly with people in Prague in the last week of August or the first of September.
He allegedly met with representatives of the Russian Government, possibly including officials of the Presidential Administration Legal Department; Oleg Solodukhin (who works with the Russian Centre for Science and Culture); or Konstantin Kosachev, head of the foreign relations committee in the upper house of Parliament.
A planned meeting in Moscow, the dossier alleges, was considered too risky, given that a topic of conversation was how to divert attention from Manafort's links to Russia and a trip to Moscow by adviser Carter Page in July. Another topic of conversation, according to the dossier: allegedly paying off "Romanian hackers" who had been targeting the Clinton campaign. If Cohen was not in Prague, none of this happened. If he visited Prague? Well, then we go a level deeper. McClatchy notes that there is no evidence of who, if anyone, Cohen met, but that the time frame was in late August or early September, as the dossier suggests.
Cohen, for months, has consistently argued that he never made any such trip. When the dossier was first published by BuzzFeed, Cohen replied to this allegation specifically in a somewhat odd tweet. "I have never been to Prague in my life. #fakenews," he said in a January 2017 tweet that also included a picture of the cover of his passport.
Since countries don't stamp the front of your passport when you visit, it is not clear what this was meant to show. Nor would showing his passport have been exculpatory if he'd shown, say, a stamp from having entered France or Spain, since travel within most of the European Union doesn't require additional checks at individual borders.
That, in fact, is what McClatchy alleges: That its sources say Cohen entered the Czech Republic through Germany. A Czech publication reported shortly after the allegation was made that government intelligence officials in that country had no record of Cohen's visiting.One source said that "if there was such a meeting, he didn't arrive in the Czech Republic by plane." McClatchy's report doesn't contradict that.
The day after Cohen's tweet, Trump held a news conference. "He brings his passport to my office," the then President-elect said in response to a question. "I say, 'Hey, wait a minute.' He didn't leave the country. He wasn't out of the country. They had Michael Cohen of the Trump Organisation was in Prague. It turned out to be a different Michael Cohen. It's a disgrace what took place. It's a disgrace, and I think they ought to apologise to start with Michael Cohen."
That part about the "different Michael Cohen" doesn't seem to be true. Nor does the part about Cohen not having left the country.
Cohen showed his passport to BuzzFeed. The only travel into the proper area indicated by passport stamps was a trip to and from Italy from July 9 to 17. But note that this is too early for Steele's time frame - and for the assertion that it was a response to the firing of Manafort. How Cohen would have got to Prague is still unclear. Cohen responded to the latest report with a tweet: "Bad reporting, bad information and bad story ... I have never been to Prague. I was in LA with my son. Proven!"
But this contradiction between a clear allegation from the Steele dossier and the assertion that it wasn't true by Cohen and Trump helped drive the idea that the dossier was broadly discredited shortly after its release.
Pick out the Prague trip and nothing that follows could have happened. Put the Prague trip back into the mix? A lot of the other parts of that allegation now become possible.
Look at it another way: If the central conceit of the Steele's claim were accurate - that Cohen was working with agents of the Russian Government directly to aid Trump's candidacy - it would be very hard to argue that no collusion took place. That likely requires Cohen's having been in Prague. This is our first significant indication that he might have been.