Fellow Leave.EU campaigner and interviewee Andy Wigmore also insisted that the campaign had not received Russian money, replying: "No". But Wigmore explained it away saying he initially met officials from the country to talk about bananas.
He said: "We had a couple of issues in relation to bananas and sugar and the initial conversation I had with this gentleman at the Ukip conference - I was trying to find investors to look at perhaps buying a banana farm which had got into trouble because of its owner. and as a effect Belize couldn't sell its bananas in places like the United States or the United Kingdom".
He told Mr Farage there was another lunch meeting and a "cup of tea", where he was introduced to a businessman involved in the Russian gold mines, but denied using the Brexit campaign to further his business interests.
Wigmore told the committee on Tuesday that he had requested the meeting with the Russian officials.
Mr Wigmore said it was Mr Yakovenko's job to stay in touch with British politicians and claimed that only two days before their last meeting with him, the Russian ambassador had met Chancellor Philip Hammond. One of the conversations we had was about that. "We met them at a UKIP conference and we thought.it would be quite a nice thing to go and chat to them".
Reports in the Sunday Times claimed Mr Banks held a series of undisclosed meetings with Russian embassy officials around the time of the 2016 referendum campaign.
Prominent Brexiteer Arron Banks has insisted there is no evidence the anti-EU campaign took Russian money as he faces a grilling form MPs.
"Was that money made used in political campaigning?" I pay my taxes in south Gloucestershire.
He said: 'I've got no business interests in Russian Federation and I've done no business deals in Russian Federation'.
Asked if he believed there was any attempt by Russian Federation to influence the outcome of the 2016 vote, Mr Banks said it was "possible" but he believed it was confined to a few hackers and computer bots at a "low level". I structure everything legally. "What were you hoping to get out of it?" "I would support that in many ways". You said when you left 20 minutes, and now we've run way past 20 minutes.
"You can join us if you want".
'But I think we've been as open as we could be with the issues you've raised'.
"I didn't know that Roman Abramovich was Putin's number one man in London, but you may know more than I do". The committee chair added that he "wasn't offered Stalin's vodka" and he had "no shares in goldmines" and, in response to a suggestion from Banks, added there were "no honey traps".