[Son of Biden joins Burisma Holdings, with a trustee of the Heinz family fortune, who was senior adviser to John Kerry’s campaign, along with a lifelong executive from Sberbank of Russia, in a former shell company, which used to manage a scheme that provided a 90/10 split between Shell Oil and Ukr. Pres. Yanukovych, for the profits expected from the Dneper-Donetsk Basin “fracking” wells. Burisma also owns the oil and gas rights to Crimea and the offshore Black Sea assets. No matter which Dem. big shot runs against Hillary next time, Kerry or Biden, he will have all of the inside info on the fight for Eastern Ukraine.]
Video of Shell operations in Kharkov area:
- The Moscow Times
In a statement published Monday on its website, Burisma Holdings announced Hunter Biden would join its board of directors and head the company’s legal unit.
“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,” Hunter Biden said in the statement.
Burisma owns several Ukrainian oil and gas companies, including Esko Pivnich and Pari, Lenta.ru reported Tuesday.
The company also has assets in Ukraine’s Dnepr-Donetsk, the Carpathian and the Azov-Kuvan basins. [Dneper-Donetsk is the primary area being developed by “fracking” in Ukraine. Before now, Shell Oil had the contract for this basin sewed-up, in a 90/10 contractual arrangement with “Nadra Yuzivska LLC,” an alleged front for President Viktor Yanukovych. “Shell has a permit to drill for shale gas in an area of nearly 8,000 square kilometers between the cities of Kharkov and Donetsk,” ]
Burisma produced 11,600 barrels of oil equivalent, or boe, in 2013 and was planning to increase its production in Ukraine by 35-40 percent in 2014, U.S. financier and member of the board of directors Devon Archer told newspaper Capital in late April.
Hunter’s father, as U.S. Vice President, has repeatedly rebuked Russia for its reported involvement in Ukraine and has pledged to support efforts to reduce its dependency on Russian energy.
Mr. Apter joins Burisma after a 27 year career in investment banking, including spending time at Merrill Lynch, Renaissance Capital, Troika Dialog and Morgan Stanley. (Troika Dialog is headquartered in Moscow, a subsidiary of Sberbank…the largest bank in Russia and Eastern Europe, and the third largest in Europe…50+% owned by The Bank of Russia.)
Mr. Archer served as a senior advisor to John Kerry during his 2004 Presidential Campaign and co-chaired the National Finance Committee…and is a Trustee for the Heinz Family Office.
Chairman’s Advisory Board for the National Democratic Institute…served in the Jesuit Volunteer Corps.