US Commerce chief Ross kept holdings in Russian-tied firm

November 6, 2017 05:13
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Breaking news. (photo credit: JPOST STAFF)

US Commerce Secretary Wilbur Ross has kept investments in a shipping firm with significant business ties to Russian President Vladimir Putin's inner circle, U.S. media reported on Sunday, citing leaked documents from an offshore law firm.

Partnerships used by Ross, a billionaire investor helping to shape President Donald Trump's trade policy, have a 31 percent stake in Navigator Holdings, which the New York Times said earns millions of dollars a year transporting gas for Russian petrochemical firm Sibur

Gennady Timchenko, a Russian oligarch and Putin associate subject to US sanctions, and Putin's son-in-law, Kirill Shamalov, are Sibur stakeholders, said the Times, which based its report on files from Appleby, a prominent offshore law firm.

Reuters was unable to independently confirm the findings.

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