The International Energy Group Burisma attended a U.S.-Ukraine Business Council (USUBC) “Ukraine Briefing – Analysis & Commentary; Latest Updates from Washington, Brussels, Kyiv” and discussion with former US Ambassador to Ukraine (2003 – 2006) and Director of the Atlantic Council’s Dinu Patriciu Eurasia Center John Herbst in Kyiv, Ukraine, on Thursday, June 7, 2018.
Among many things, Ambassador Herbst spoke about latest adjustments in US and EU foreign policy towards Ukraine, sanctions against Russia, failing US foreign policy over the past 10 years, military conflict in Ukraine and its expected outcome, Ukraine and the IMF and gas pricing forecasts for Ukraine. He also shared his vision of the Nord Stream-2, which he had previously presented at the III International Energy Security Forum, organized by Burisma Group with support from the Prince Albert II of Monaco Foundation and the Aleksander Kwasniewski Foundation Amicus Europae in Monaco. According to him, the Nord Stream-2 is unlikely to be implemented due to US sanctions that would immediately affect many companies from the US, Europe and Russia.
In addition, Ambassador Herbst voiced his opinion on issues, including Ukraine’s domestic policy, energy security and boosting domestic gas production. At the same time, he noted Ukraine’s success in reforming the energy industry, consistent deregulation of business processes in the gas sector and slow, but steady judiciary reform.
“Burisma Group is closely working with top US oil and gas service companies, constantly upgrading the Ukrainian drilling fleet and adopting latest US technologies. Informal meetings between business community and politicians helps Ukrainian companies gain a better understating and calculate the risks of working successfully in an international market. Apart from that, it is important for us to be able to communicate to the international community real facts about processes happening in the country and the conditions of doing business here”, noted the Adviser to the Board of Directors at Burisma Group Vadym Pozharskyi.
The U.S.-Ukraine Business Council (USUBC) is a non-profit trade association created to advance U.S. companies’ trade and investment interests in Ukraine’s significant emerging market, advocate for measures to improve conditions for bilateral trade and investment, and support a growing commercial relationship between the United States and Ukraine. Incorporated in 1995 in the District of Columbia, the USUBC facilitates direct contacts between its members, senior Ukrainian Government and U.S. officials.
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