2017-11-06 17:06

Ross Says He‘ll ‚Probably‘ Sell Stake in Putin-Linked Company

REUTERS/Brendan McDermid
REUTERS/Brendan McDermid
Commerce Secretary Wilbur Ross said he will „probably not“ maintain his stake in a shipping firm that does business with a Russian company with ties to the son-in-law of Russian President Vladimir Putin and an oligarch under U.S. sanctions.

„I‘ve been actually selling it anyway, but that isn‘t because of this,“ Ross said Monday in an interview with Bloomberg Television.

Ross said in a government ethics disclosure filed after his nomination that he held an investment worth as much as $10 million in shipping company Navigator Holdings. But news organizations including the New York Times alleged over the weekend he did not disclose that the company‘s clients include a Russian energy company called Sibur whose owners include Putin‘s son-in-law and the oligarch, who is close to the Kremlin and has been sanctioned by the U.S. government.

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