Leaked documents from an offshore law firm show that Wilbur Ross, the billionaire U.S. Secretary of Commerce, has investments in a firm connected to Russian President Vladimir Putin's son-in-law, The Guardian reports. Ross holds a stake in Navigator, a shipping company that partners with the Russian gas company Sibur. Two of Sibur's stakeholders have close ties to the Russian president: Kirill Shamalov is Putin's son-in-law, and Russian oligarch Gennady Timchenko, who is under U.S. sanctions, is an associate. Records show that since 2014, Navigator has received $68 million in revenue through its partnership with Sibur. Ross' press secretary told The Guardian his holding does not conflict with his government duties because he "recuses himself from any matters focused on transoceanic shipping vessels."
need to know now