The Guardian reports:
Wilbur Ross denied on Monday that he had done anything wrong after revelations from the Paradise Papers that he has significant investments in a shipping company that does business with Vladmir Putin’s son-in-law and his sanctioned inner circle.
“There is nothing wrong with it. The fact that it happens to be called a Russian company doesn’t mean there is any evil in it,” Ross said.
Democrats have called for an inquiry into Ross’s extensive Russian business ties. They have accused him of misleading Congress by concealing his Navigator stake and of failing to mention the firm’s lucrative haulage contract with Sibur, worth hundreds of millions of dollars.