Saturday March 6, 2021
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home » Paradise Papers Reveal US Commerce Secretary’s Links to Venezuela State Oil Company

Paradise Papers Reveal US Commerce Secretary’s Links to Venezuela State Oil Company

Sabrina Martín by Sabrina Martín
November 6, 2017

0
0
SHARES
0
VIEWS
FacebookTwitterTelegramWhatsapp
papeles del paraiso - eeuu - pdvsa
The documents disclosing the information about Wilbur Ross were obtained by International Consortium of Investigative Journalists (ICIJ) from offshore law firm Appleby. (Flickr)

EspañolAn international investigation that uncovered the “Paradise Papers” revealed  US Secretary of Commerce Wilbur Ross has a stake in million-dollar businesses associated with Venezuela’s state-owned oil company PDVSA.

The documents disclosing this information were obtained by International Consortium of Investigative Journalists (ICIJ) from offshore law firm Appleby.

RelatedArticles

Three Signs That Elon Musk Has the World at His Fingertips

Trump Against Suppression of Human Rights

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021

Wilbur Ross, Secretary of Commerce under President Donald Trump, allegedly sold most of his company’s assets before joining Trump’s administration in February, but actually kept a stake in the shipping company Navigator Holdings Ltd. that is based in the Marshall Islands, a well-known tax haven.

Ministro de Trump no sólo comerció con Pdvsa sino también con hombres cercanos a Vladimir Putin #ParadisePapers https://t.co/Oib0l4v7X8 pic.twitter.com/t0CM5Ps48E

— Armando.Info (@ArmandoInfo) November 6, 2017

Ross’ offshore entities and other have investments accounted for 31.5 percent of the company’s assets in 2016.

According to the investigation, the shipping company received more than US $70 million from PDVSA to charter three of its 29 tanks of liquefied gas. Ross has also done business with Russian entities linked to Putin, the report said. Subir, a gas and petrochemical company based in Moscow, contributed over $78 million to the shipping company in 2014.

  • Read More: OAS Chief Questions Venezuelan Opposition’s Participation in Another “Rigged” Election
  • Read More: Venezuela’s Fractured Opposition Considers Participation in Upcoming Mayoral Elections Despite Past Fraud

Kirill Shamalov, the husband of Putin’s youngest daughter, and Gennady Timchenko, an oligarch sanctioned by the US Treasury Department — are two of the company’s main owners. A third owner, Leonid Mikhelson, runs an energy company that was sanctioned by the US for supporting Putin.

A spokesman for Ross said he has “disassociated himself from any matter relating to cargo ship transports, but has generally supported sanctions by the (United States) government against Russian and Venezuelan entities. The secretary has no reason to seek ethical exoneration, and is working to assure the highest ethical quality.”

Sources: Armando Info, El Nacional.

Previous Post

Republican Plan to Overhaul the Wretched US Tax Code Is A Good Start

Next Post

Boost in Exports Hands Peru Its First Trade Surplus in 4 Years

Sabrina Martín

Sabrina Martín

Sabrina Martín is a Venezuelan journalist, commentator, and editor based in Valencia with experience in corporate communication.

Related Posts

Three Signs That Elon Musk Has the World at His Fingertips
Columnists

Trump Against Suppression of Human Rights

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
News

15 Republicans Who Voted Against Trump Are Already Facing the Consequences

February 1, 2021
Three Signs That Elon Musk Has the World at His Fingertips
Analysis

Three Signs That Elon Musk Has the World at His Fingertips

February 1, 2021
Three Key Moments to Remind Us That the UN Is a Nest of Oppressive Regimes
Analysis

Antiracist Baby: Netflix Series Loaded with Racially Indoctrinating Children

January 29, 2021
Three Key Moments to Remind Us That the UN Is a Nest of Oppressive Regimes
Analysis

Three Key Moments to Remind Us That the UN Is a Nest of Oppressive Regimes

January 29, 2021
Dollarization Advances in Venezuela with Debit Cards for Foreign Currency Accounts
Argentina

Argentina Drags Chile in its Bipolar Madness Over Venezuela

January 28, 2021
Next Post
Boost in Exports Hands Peru Its First Trade Surplus in 4 Years

Boost in Exports Hands Peru Its First Trade Surplus in 4 Years

Discussion about this post

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2020 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.