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
Putin’s 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 Putin’s aggression in eastern Ukraine and annexation of Crimea. Navigator has collected $68m in revenue from its Sibur partnership since 2014.
Ross, 79, has apparently faced little official scrutiny over the arrangement. He told a US ethics watchdog that he was keeping a pair of obscurely named holding companies, but did not specify whether he would also retain their interests in Navigator and its lucrative contract in Russia.
The Ross interests appear in the Paradise Papers, a trove of millions of leaked offshore files reviewed by the Guardian, the International Consortium of Investigative Journalists and other partners. They join established links between Ross and Russian finance that have raised questions over his selection by Trump to head the US Department of Commerce.
Read more: Trump commerce secretary's business links with Putin family laid out in leaked files | News | The Guardian
Corporate records show Navigator ramped up its relationship with Sibur from 2014, as the US and EU imposed sanctions on Russians. The measures followed Putin’s aggression in eastern Ukraine and annexation of Crimea. Navigator has collected $68m in revenue from its Sibur partnership since 2014.
Ross, 79, has apparently faced little official scrutiny over the arrangement. He told a US ethics watchdog that he was keeping a pair of obscurely named holding companies, but did not specify whether he would also retain their interests in Navigator and its lucrative contract in Russia.
The Ross interests appear in the Paradise Papers, a trove of millions of leaked offshore files reviewed by the Guardian, the International Consortium of Investigative Journalists and other partners. They join established links between Ross and Russian finance that have raised questions over his selection by Trump to head the US Department of Commerce.
Read more: Trump commerce secretary's business links with Putin family laid out in leaked files | News | The Guardian
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