Despite U.S. sanctions
on Venezuela’s bond transactions in international markets and other
restrictions against top officials, the Paradise Papers show that Secretary of
has an important stake in multi-million dollar businesses
related with state-oil giant Petróleos de Venezuela (PDVSA). As reported by
Newsweek on Sunday, Ross still retains interest in Navigator Holdings, a
shipping company incorporated in the Marshall Islands in the South Pacific that
maintains a close relationship with Russia’s energy company SIBUR, which is run
by President Vladimir Putin’s son-in-law Kirill Shamalov and other individuals
who have been sanctioned by the U.S. Navigator Holdings has received millions
of dollars every year in earnings due to coastal shipping services provided to
PDVSA. More… 
Tuesday, November 7, 2017
Commerce Secretary Has Links to Venezuela Oil Giant, Despite US sanctions
Despite U.S. sanctions
on Venezuela’s bond transactions in international markets and other
restrictions against top officials, the Paradise Papers show that Secretary of
has an important stake in multi-million dollar businesses
related with state-oil giant Petróleos de Venezuela (PDVSA). As reported by
Newsweek on Sunday, Ross still retains interest in Navigator Holdings, a
shipping company incorporated in the Marshall Islands in the South Pacific that
maintains a close relationship with Russia’s energy company SIBUR, which is run
by President Vladimir Putin’s son-in-law Kirill Shamalov and other individuals
who have been sanctioned by the U.S. Navigator Holdings has received millions
of dollars every year in earnings due to coastal shipping services provided to
PDVSA. More… 
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