Ross Says Didn`t Knowingly Lend to Sanctioned Russians at Bank

by Dramelin 9:30 AM 0 comments

?None of those loans went to anybody with sanctions that I?m aware of,? Ross said on CNN?s ?State of the Union? on Sunday.
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.
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.
With Chinese President Xi Jinping scheduled meet with Trump for the first time this week, at the president?s Mar-a-Lago estate in Florida, Ross declined to address Trump?s campaign promise to have Beijing labeled a currency manipulator.