Hunter Biden's son joins board of Ukraine gas company
Hunter Biden, the second son people Vice President Joe Biden has turned into a member of the Board of Directors of gas and oil holding Burisma, which engages in hydrocarbon production in Ukraine. Biden Jr. expressed hope that his knowledge would help the Ukrainian people.
The report states that in the company, Hunter will be supervising the legal department and engage to promote the organization in international organizations. His main job will stay with Schiller & Flexner LLP law practice located in Ny.
Biden will advise on “transparency, corporate governance and responsibility, international expansion and other priorities” to “contribute to the economy and help the people of Ukraine.”
Joe Biden’s senior campaign adviser in 2004, financier Devon Archer, a company partner of Hunter Biden’s, also joined the Bursima board claiming it had been like ‘Exxon within the old days’.
Biden Jnr’s resume is unsurprisingly sprinkled with Ivy-league dust – he’s around the Chairman’s Advisory Board for that National Democratic Institute, a director for the Center for National Policy and the US Global Leadership Coalition comprising 400 American businesses, NGOs, senior national security and foreign policy experts.
Former US President Bill Clinton appointed him an Executive Director of E-Commerce Policy and he was honorary co-chair from the 2008 Obama-Biden Inaugural Committee.
Burisma Holdings was placed in 2002. Its licenses cover Ukraine’s three key hydrocarbon basins, including Dnieper-Donets (in eastern Ukraine), Carpathian (western) and Azov-Kuban (southern Ukraine).
The Biden board news came as Gazprom moved Ukraine to a prepaid gas delivery regime and sent Naftogaz, Ukraine’s gas champion, a $1.66 billion bill for June having a June 2 deadline.
Ukraine currently stores about 9 billion cubic meters of gas, by the wintertime needs 18.5bcm. Kiev bought 27.7 billion cubic meters from Gazprom that still it owes some $3.5 bn in 2019.
Gazprom is demanding Kiev pays $485 per 1,000 cubic meters, raised from $268.50. Kiev rejects the brand new price as “politically motivated” and will not pay its debt.