Apr
02
Ross Says Didn’t Knowingly Lend to Sanctioned Russians at Bank
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Commerce secretary was on Bank of Cyprus board, loan committee
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Ross says no big loans, deposits from parties under sanctions
U.S. Commerce Secretary Wilbur Ross said he’s not aware of the Bank of Cyprus Pcl having any significant dealings with Russians or other individuals and entities under U.S. sanctions while he was on its board of directors.
Ross, 79, resigned as vice chairman and member of the bank’s board on March 1 after he was confirmed to his position in President Donald Trump’s cabinet. Ross said in response to questions about the bank’s business with Russian entities that no large loans he approved knowingly went to a person under sanctions…
Ross Says Didn’t Knowingly Lend to Sanctioned Russians at Bank