The US-Ukraine Business Council (USUBC) together with the U.S. Embassy in Ukraine introduced to Ukraine’s largest companies the new U.S. Embassy Economic Section officers – John Paul Schutte, Counselor for Economic Affairs to the U.S. Ambassador to Ukraine Marie Yovanovitch, Deputy Economic Counselor Doug O’Neill and Financial Economics and Trade Unit Officer Michael Latham. At the meeting, International Energy Group Burisma was represented by the adviser to the Board of Directors Vadym Pozharskyi.
The USUBC is the largest association of businesses investing in Ukraine and the most influential Ukrainian business association outside of Ukraine (headquartered in the US) that brings together 100 largest entities investing in economy of Ukraine. Traditional meetings with the U.S. Embassy is a unique opportunity provided by the USUBC that allows to share in an informal setting the most up-to-date information on Ukraine’s business environment and other relevant issues with foreign companies operating in Ukraine and companies with foreign investments.
In particular, the newly appointed U.S. Embassy Economic Section officers wanted to hear firsthand about Ukraine’s investment climate, fiscal policy and current business trends. Special attention was dedicated to Ukraine’s energy independence, gas market changes and internal gas production. The matter was addressed by Vadym Pozharskyi, Advisor to the Board of Directors at Burisma Group.
“Burisma Group is closely cooperating with the U.S. Embassy in Ukraine and the Economic Section and is leading several projects in the energy sector. In particular, last year alone we started cooperating with several U.S. oil and gas service companies with a view to purchasing drilling equipment for new wells, conducting seismic surveys and engaging U.S. experts to Ukrainian fields”, says Vadym Pozharskyi.
It is important to mention that the company’s Board of Directors includes prominent U.S. legal advisers and political figures that implement a whole new strategy of corporate governance in the Group. As explained by Vadym Pozharskyi, cooperation with American organizations allowed Burisma Group to demonstrate its business transparency and contribute to strengthening of Ukraine–United States relations.
For the newly appointed Counselor for Economic Affairs John Paul Schutte this is the second tour in Kyiv, where he also worked from 2004 to 2007. Afterwards he has served overseas in Warsaw as Deputy and Acting Counselor for Political and Economic Affairs. He also served in embassies in Thailand, Uzbekistan and the Netherlands. He has served twice in Washington, most recently as Deputy Director of the State Department’s Office of European Union and Regional Affairs.
Doug O’Neill is a new Deputy Counselor for Economic Affairs at U.S. Embassy in Kyiv. Prior to Kyiv, Doug worked in Hanoi, Vietnam as one of two Deputy Economic Chiefs, leading the Embassy’s Environment, Science, Technology and Health Unit.
Michael Latham joined the Economic Section of the Embassy this summer and manages a team that covers macroeconomics, the financial sector and trade issues. Previously he worked in the State Department’s Economic Bureau on trade issues in Eastern Europe and in the Environmental Bureau coordinating U.S. policy with the United Nations Environment Program. His previous overseas assignments include the Dominican Republic, Ecuador, the Republic of Macedonia and Kyrgyzstan.
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