Wilbur Ross: ‘Evil’ to say I didn’t disclose Russian-linked investments

Commerce Secretary Wilbur Ross said in a new interview that it is “evil” to say he failed to disclose holdings in a shipping firm with ties to Russian President Vladimir Putin’s family.

Ross told the BBC there is “nothing whatsoever improper” about the business links.

“The fact that [Sibur] happens to be called a Russian company does not mean there’s any evil in it. Where there is evil, is the misstatement that I did not disclose those holdings in my original form,” he said.

“If our government decided to sanction [Sibur], that would be a different story,” Ross added.

{mosads}Ross still has an interest in Navigator Holdings, which was partially owned by his investment company, according to documents obtained by several news organizations.

The company gets millions of dollars from Sibur, a Russian energy company. Sibur’s owners include Putin’s son-in-law and a Russian oligarch subject to American sanctions, according to The New York Times.

According to the documents, Ross did not disclose the shared business interests with Putin’s family during his confirmation process.

The new revelations come less than a week after the first indictments were handed down in special counsel Robert Mueller’s probe into Russia’s election interference.

Ross had initially promised to cut ties with more than 80 financial entities he had interests in.
 
A Commerce Department spokesperson told NBC News that Ross has recused himself from transoceanic shipping matters and is in touch with ethics officials.
 
–This report was updated at 10:10 a.m.
Tags Wilbur Ross

Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Regular the hill posts

Main Area Top ↴

More Administration News

See All
Main Area Bottom ↴

Most Popular

Load more