The World Affairs Councils of America and the U.S.-Ukraine Business Council (USUBC) in partnership with Burisma, Ukraine’s largest independent oil & gas producer, became organizers of the President of Ukraine Petro Poroshenko’s meeting with top US public figures and representatives of key American companies. The address on the struggle for freedom in Ukraine delivered by President Poroshenko in the Congressional Auditorium of the U.S. Capitol Visitor Center was the first in a series of events in his three-day visit to Washington. President Poroshenko stressed critical importance of support from international partners in achieving peace in Ukraine, and that the West should not give up on Ukraine.
“It is important that our partners are helping us stay strong politically, economically and militarily,” – said the President of Ukraine.
The Member of the Board of Directors at Burisma Holdings Devon Archer and the Advisor to the Board of Directors Vadym Pozharskyi also joined the event.
According to Vadym Pozharskyi, the event at the U.S. Capitol Visor Center with the Head of state is an important element in the dialogue between the US and Ukraine, both in terms of politics and business, contributing to the development of bilateral trade and attraction of American investment in Ukraine.
“We need to continually inform world community that Ukraine is ready for profound reforms, and this process is irreversible. By opening markets and reducing administrative barriers, and, most importantly, implementing the Strategy on Energy independence declared by the government and the Verkhovna Rada, we can draw attention of the US companies to Ukraine”, – noted Vadym Pozharskyi.
In addition, the US-Ukraine Business Council (USUBC) held its annual meeting in Washington. With more than 200 members, the USUBC is the most powerful Ukrainian business association outside of Ukraine, consulting the US government on economic development and business environment in Ukraine. This year’s event focused on Ukraine’s Energy Security Future, where the President of the US-Ukraine Business Council Morgan Williams and Vadym Pozharskyi introduced the model for Ukraine’s energy sector development and shared expectations on reform and deregulation in the energy sector, the country’s strategic industry.
Prior to the annual Washington event, the USUBC held meetings in Kyiv with the United States Ambassador to Ukraine Geoffrey R. Pyatt and Minister of Finance of Ukraine Natalie Yaresko, where businesses operating in Ukraine had a chance to share their concerns and expectations. In particular, Ambassador Pyatt stressed the importance of reforming the energy sector. Taking into account the industry’s contribution in terms of GDP, it could easily serve as a driver for economic growth, along with agriculture sector and infrastructure projects. According to him, special attention should be placed on increasing domestic gas production and creating a transparent market with clear rules. This will not only help solve the problem of country’s energy security, but also attract foreign investments. Minister Yaresko promised further liberalization of fiscal policy, simplification of tax administration and deregulation of business processes to improve the investment climate in the country.
Vadym Pozharskyi also conducted a series of meetings with US Senators Rob Portman, Jeanne Shaheen, Marcy Kaptur and their advisors on energy issues and international relations to discuss support opportunities for attracting foreign investments into the economy of Ukraine.
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