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    February 2, 2016

    Biden's Son Continues to Buy Gas Assets in Ukraine

    Translated by Ollie Richardson for Fort Russ
    2nd February, 2016




    Entrepreneur Hunter Biden has acquired equity securities of a company in the country which his father, Vice-President of USA Joe Biden, called the most corrupt in the world.

    An American businessman is increasing his assets in the energy sector of Ukraine through a third party.

    According to available information, the Canadian firm Serinus Energy sold a 70 percent stake in KUB-Gas Holdings Limited company Resano Trading Ltd for $30 million - an affiliate of one of the largest Ukrainian gas companies Burisma Holdings.

    As a reminder, in April 2014, Hunter Biden joined the Board of Directors of Burisma Holdings. It is noteworthy that the British side had frozen their bank assets worth $23 million, allegedly belonging to the ex-Minister of ecology Mykola Zlochevsky. Moreover, the cancellation of this judicial decision caused outrage from the U.S. Ambassador to Ukraine Geoffrey R. Pyatt.

    "Leaving this matter to the National anti-corruption Bureau was my decision, because when I met with our international partners, I was frequently asked questions about the legality of the withdrawal of the arrest of the accounts of Zlochevsky in London, and how it was possible to avoid it, if the case was investigated properly," said the head of the National anti-corruption Bureau, Artem Sytnik.

    It should be noted that during the Vice-President's (Joe Biden) speech in Parliament, he said that it was impossible to find another country where the "cancer of corruption" is booming at the same pace as it is in Ukraine.
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