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(Report) Wilbur Ross Has Financial Ties To Putin's Son-In-Law

Documents tie Sec. of Commerce Wilbur Ross to Russians under U.S. sanctions, including Putin's son-in-law.

Documents from the 'Paradise Papers' tie Sec. of Commerce Wilbur Ross to Russians under U.S. sanctions. including Russian President Vladimir Putin's son-in-law, Kirill Shamalov.

The 'Paradise Papers' is a name given to documents that purportedly show money laundering by global elites.

Commerce Secretary Wilbur Ross has an interest in Navigator Holdings, which earns millions a year transporting oil and gas for Russian energy firm Sibur. Two major Sibur shareholders are under some form of US sanctions.

A spokesman for Ross did not deny these accusations,

A commerce department spokesman did not dispute the revelations."Secretary Ross recuses himself from any matters focused on transoceanic shipping vessels," the spokesman told BBC Panorama, adding that the secretary "works closely with Commerce Department ethics officials to ensure the highest ethical standards".

Vladimir Putin's son-in-law is a shareholder of Sibur.

Another Sibur shareholder is President Putin's son in law, Kirill Shamalov. He holds a 3.9% stake in the firm. Gennady Timchenko, who has been individually sanctioned by the United States, as have at least 12 companies connected to him, and Leonid Mikhelson, whose main company, Novatek, is also sanctioned, are major shareholders.

This is an org. chart by the BBC