Burisma Holdings Ltd., the Ukraine’s largest producer of natural gas, announced that Hunter Biden, the son of vice president Joe Biden, is joining its board of directors. He will be in charge of the firm’s legal department, and work on “transparency, corporate governance and responsibility, international expansion and other priorities.”
Burisma also announced the appointment of Devon Archer to its board. Archer was co-chair of the fund-raising committee for John Kerry’s 2004 presidential campaign. Hunter Biden used to be a lobbyist, but gave that up in September, 2008, before his dad was elected vice president.
Biden and Archer are members of Rosemont Seneca Partners, a finance and policy advisory firm. Archer is the college roommate of Christopher Heinz, the stepson of John Kerry. The two of them founded Rosemont Capital, a private equity firm which owns half of Rosemont Seneca Partners. Archer is a noted fund-raiser and bundler of campaign contributions for the Democratic party.
Burisma was founded in 2006 and is headquartered in Cyprus. It owns gas fields all over Ukraine, including in the Donetsk basin in eastern Ukraine where separatists hold sway.
Crony capitalism? Hardly anybody in Washington appears to think so. Biden and Archer have violated no laws, and, as one person put it, Hunter Biden shouldn’t be deprived of a job opportunity just because he is the Vice President’s son. What do you think?
LINKS
Why shouldn’t Hunter Biden join the board of a gas company in Ukraine? by The Guardian.
Nine Questions to Ask About Biden’s Work With a Gas Company in Ukraine by Mollie Hemingway for The Federalist.
Hunter Biden’s new job at a Ukrainian gas company is a problem for U.S. soft power by Adam Taylor for the Washington Post.
Son of US VP Joe Biden appointed to board of major Ukrainian gas company by Russia Today
Tags: Burisma, Burisma Holdings, Christopher Heinz, Conflict of Interest, Devon Archer, Hunter Biden, Joe Biden, John Kerry, Ukraine, Ukraine Gas, Ukraine Gas Company, Ukrainegate
Leave a Reply