: :inin Kyiv (EET)

US Commerce Chief Defends Investment in Russian Shipper Linked to Putin Inner Circle


U.S. Commerce Secretary Wilbur Ross on Monday defended his sizable business links to Russian President Vladimir Putin’s inner circle, saying “there is no impropriety.”

Ross, a 79-year-old billionaire industrialist, has a 31 percent stake worth $2 million to $10 million in a shipping venture, Navigator Holdings, with connections to Putin’s son-in-law and an oligarch who is subject to U.S. sanctions and is Putin’s judo partner, according to newly leaked documents.

But Ross, a member of President Donald Trump’s Cabinet, said on the sidelines of a business conference in London, “I think the media has made a lot more out of it than …read more

Source: Voice of America

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