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Shipping deal links Wilbur Ross to Putin's son-in-law

Wilbur Ross. Photo: J. Scott Applewhite / AP

Commerce Secretary Wilbur Ross owns part of a shipping company that has lucrative dealings with a company owned in part by Vladimir Putin's son-in-law, per reports from several media outlets.

Why it matters: Per NBC, Ross "failed to clearly disclose those interests when he was being confirmed for his cabinet position."