The following article by James S. Henry was posted on the DC Report website February 28, 2017:
Trump’s Choice for Commerce Secretary Holds a Top Post With a Mysterious, Russian-Controlled Cyprus Bank
INTRODUCTION
In the midst of the Trump Administration’s many other Russian entanglements,[1] it turns out that Wilbur J. Ross, Jr., the billionaire American investor who is one of Donald Trump’s closest advisors on trade and economics, has direct financial ties to several leading oligarchs from Russia and the Former Soviet Union or FSU.
The U.S. Senate should thoroughly investigate these ties before it votes on Ross’ nomination to be Commerce Secretary when it returns from recess next week.
Central to this inquiry is the question of Ross’s role as Vice Chair and a leading investor in the Bank of Cyprus, the largest bank in Cyprus, one of the key offshore havens for illicit Russian finance. Ross has been Vice Chairman of this bank and a major investor in it since 2014. His fellow bank co-chair evidently was appointed by none other than Vladimir Putin.
The Bank of Cyprus is just one of more than 100 direct and indirect investments that Ross listed on his U.S. Office of Government Ethics financial disclosure form last month. [2] He recently promised to resign as Vice Chairman of the Bank and disinvest from it within the next 90 days if his nomination is approved.[3] Continue reading “Wilbur Ross Comes to D.C. With an Unexamined History of Russian Connections”