Wilbur Ross stands to profit from company run by Russians, some of whom are under US sanctions
Donald Trumps commerce secretary, Wilbur Ross, is doing business with Vladimir Putins son-in-law through a shipping venture in Russia.
Leaked documents and public filings show Ross holds a stake in a shipping company, Navigator, through a chain of offshore investments. Navigator operates a lucrative partnership with Sibur, a Russian gas company part-owned by Kirill Shamalov, the husband of Putins daughter Katerina Tikhonova.
Ross, a billionaire and close friend of Trump, retained holdings in Navigator after taking office this year. The relationship means he stands to benefit from the operations of a Russian company run by Putins family and close allies, some of whom are under US sanctions.
Corporate records show Navigator ramped up its relationship with Sibur from 2014, as the US and EU imposed sanctions on Russians. The measures followed Putins aggression in eastern Ukraine and annexation of Crimea. Navigator has collected $68m in revenue from its Sibur partnership since 2014.