EMAIL DETAILS

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Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
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http://www.politico.com/story/2014/05/hunter-biden-ukraine-gas-board-106631.html?hp=r3

Hunter Biden to Ukraine gas board

Hunter Biden, the younger son of Vice President Joe Biden, will be joining Ukraine’s largest private gas producer, the company announced in a statement

“The company’s strategy is aimed at the strongest concentration of professional staff and the introduction of best corporate practices, and we’re delighted that Mr. Biden is joining us to help us achieve these goals,” Alan Apter, Burisma Holdings’ chairman of the board of directors, said in a statement, which was reported by The Moscow Times on Tuesday.

Biden, joining the board, will be in charge of the legal unit, the company said and will provide support for Burisma Holdings “among international organizations.”

Biden said the company will help strengthen Ukraine’s economy.

“Burisma’s track record of innovations and industry leadership in the field of natural gas means that it can be a strong driver of a strong economy in Ukraine,” Biden said in a statement. “As a new member of the Board, I believe that my assistance in consulting the Company on matters of transparency, corporate governance and responsibility, international expansion and other priorities will contribute to the economy and benefit the people of Ukraine.”

The country has faced rising tensions with Russia and on Monday, White House Press Secretary Jay Carney said the U.S. would not recognize a referendum held Sunday in Eastern Ukraine aiming for self-rule in the region, calling it “illegal” under Ukrainian law.

Vice President Biden also expressed support for Ukraine, when he visited the country in April and slammed Russia for its role in the annexation of Crimea.