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Biden Jr. joins Board of Directors of Ukrainian oil & gas company

Hunter Biden, the second son of US Vice President Joe Biden has become a member of the Board of Directors of oil and gas holding Burisma, which engages in hydrocarbon production in Ukraine. Biden Jr. expressed hope that his knowledge would benefit the Ukrainian people.

The report says that in the company, Hunter will be supervising the legal department and engage in promoting the company in international organizations. His main job will remain with Schiller & Flexner LLP law firm based in New York.

In addition, Biden Jr. is president of the US Global Leadership Coalition, Center for Security Policy and the National Democratic Institute.

Earlier he was Senior Vice President at MBNA bank, and in 2006 entered the Board of Directors of US-based railway company AMTRAK. Biden is member of the bar association of Connecticut and of the District of Columbia, as well as of the US Supreme Court and US Court of Federal Claims. In addition, he heads the US office of the World Food Program.

Burisma holding comprises several Ukrainian oil and gas companies, including Esko Pivnich and Pari. The company was registered in Cyprus in 2002, with Ukrainian ex-minister of ecology Mykola Zlochevsky as its main owner. To date, the company engages in field development in Dnipro-Donetsk, Carpathian and Azov-Kuban fields.

[Source: Itar Tass, Moscow, 13May14]

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