Offshore entities in which Ross and other investors hold a financial stake controlled 31.5 per cent of the company in 2016, according to Navigator's latest annual report. The leaked files showed a chain of companies and partnerships in the Cayman Islands through which Ross has retained his financial stake in Navigator. As commerce secretary, Ross has the power to influence U.S. trade, sanctions and other policies that could affect Sibur's owners. These funds invested in several shipping companies, including Navigator, according to SEC filings and Ross' ethics disclosures. When he became commerce secretary, Ross kept his personal financial interest in some of the WL Ross entities but resigned from managing them.

Source: CBC News November 05, 2017 17:59 UTC