Paradise Papers: Trump's commerce secretary 'has business links to sanctioned Russians - and Putin's son-in-law'
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.President Donald Trump’s commerce secretary is doing business with Vladimir Putin’s son-in-law through a shipping venture in Russia, according to newly-released documents.
Wilbur Ross has an interest in Navigator Holdings, which earns millions a year transporting oil and gas for Russian energy firm Sibur. When he joined Mr Trump's cabinet Mr Ross divested his interests in 80 companies.
But kept stakes in a number of companies, including a number in the Cayman Islands that link him to Navigator. One shareholder of Sibur is President Putin's son in law, Kirill Shamalov.
Two other major Sibur shareholders are under some form of US sanctions.
Mr Shamalov has a 3.9 per cent stake in the firm. Shareholder Gennady Timchenko, who has been individually sanctioned by the United States, in addition to a number of companies connected to him. Leonid Mikhelson, whose main company, Novatek, is also sanctioned, is another major shareholder.
Sibur itself is not under sanctions. Mr Shamalov is also not under any sanctions, although his father is.
The documents, relating to law firm Appleby, were obtained by German newspaper Süddeutsche Zeitung, which called in the International Consortium of Investigative Journalists (ICIJ) to oversee the investigation.
The US Commerce Department did not immediately respond to a request for comment. However, responding to the release on the papers to the ICIJ, a spokesman for Mr Ross did not dispute the release, but said that the Commerce Secretary never met Mr Putin’s son-in-law or Sibur’s other owners and that he was not on the board of Navigator when it initiated its relationship with Sibur.
Mr Ross recuses himself from matters that relate to international shipping, his spokesman said, and “has been generally supportive of the administration’s sanctions” against Russian entities.
During his confirmation hearing by the US Senate, Mr Ross was not asked about his links to Mr Putin’s family.
But the chief ethics counsel in George W Bush’s administration, Richard Painter, told The Guardian that he had not made it clear that he was retaining his stake in Navigator.
“It is very difficult to figure out from the financial disclosure,” he said. “He should have sold off any and all interests.”
It was suggested that he was making a “clean cut” from Navigator by divesting from WL Ross by influential shipping industry newsletter, Lloyds List.
“Mr Ross’s apparent departure is to avoid conflict of interest,” it said, before quoting Mr Ross at the hearing.
Other members of Mr Trump's adminstration who appear in the papers include the president's chief economic adviser Gary Cohn who held leading roles in 22 separate entities for Goldman Sachs in Bermuda between 2002 and 2006. Meanwhile, Secretary of State Rex Tillerson also directed a company in Bermuda in 1997 known as Marib Upstream Services Company. Mr Tillerson was also the head of ExxonMobil's Yemen arm in 1997, which was tied to Marib, the documents showed.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments