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Home International Customs Ukraine

Hunter Biden had falling out with business partner over Ukraine gig

byadmin
01/10/2019
in Ukraine
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​Hunter Biden’s decision to join the board of gas company owned by a Ukrainian oligarch led to a falling out with his investment firm partner – the stepson of former Secretary of State John Kerry, according to a report.

Chris Heinz ended his business relationship when Biden in 2014 took a position on the board of Burisma Holdings, which was owned by Mykola Zlochevsky, even as his father then-Vice President Joe Biden was serving in the Obama administration and cracking down on corruption in Ukraine, the Washington Post reported.

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Hunter Biden, a partner with Heinz in the investment firm Rosemont Seneca, joined Burisma shortly after another of the firm’s partners, Devon Archer, also had accepted an invitation to the board.

Heinz parted ways with both men after raising concerns about corruption in Ukraine and questions about appearance.

“The lack of judgment in this matter was a major catalyst for Mr. Heinz ending his business relationships with Mr. Archer and Mr. Biden,” Heinz spokesman Chris Bastardi told the newspaper.

According to the report, Biden said he joined Burisma at the urging of the former Polish President Aleksander Kwasniewski, who was on the company’s board, and because he believed helping to create Ukraine’s energy independence would help ​shield the country from Russian leader Vladimir Putin.

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