Business

Wilbur Ross Didn’t Disclose Business Ties to Putin Inner Circle

The Wall Street Journal: Commerce Secretary Wilbur Ross failed to disclose business connections to Russian President Vladimir Putin’s family and inner circle on a required personal financial-disclosure form earlier this year, according to documents released over the weekend.

Mr. Ross said earlier this year that he would retain stakes owned by his private-equity firm in a gas-shipping company, Navigator Holdings Ltd. He didn’t disclose that the company does millions of dollars in business—$68 million since 2014—with a Moscow petrochemicals company, Sibur, with close ties to the Kremlin, according to analysis by the International Consortium of Investigative Journalists.

Those ties were revealed this weekend in a trove of internal documents from Appleby, a Bermuda law firm that has handled more than 60 offshore holdings for Mr. Ross’s company. Those documents were leaked to a German newspaper and then shared with the journalism consortium, a global network of media outlets.

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