Son Of Vice President Biden Joins Ukraine Gas Company

Due to the fact he is apparently a legal commodity market expert, Hunter Biden, the son of US Vice President Joe Biden, has a new position with Ukraine’s largest private gas producer, Burisma Holdings.

Son Of Vice President Biden Joins Ukraine Gas Company

According to a statement released on its website, the Ukraine gas company will utilize Biden’s talents to engage in “support” efforts with international organizations.

Escalating tensions between Ukraine and Russia

Escalating tensions between Ukraine and Russia have been a major issue, with military implications if gas is cut off from Russia to the European Union.  In the the past several weeks the European Commission, the executive body of the European Union, has tried to step in to influence Russia not to stop natural gas shipments to Ukraine.  Russia is demanding that Ukraine pays $3.5 billion in debts, using this as a chip in a high stakes poker game.

This is the high stakes entanglement that Biden, and the US government, may find themselves entangled. Biden’s hiring, however, has in no way been endorsed by the White House, presidential spokesperson Jay Carney was quoted as saying.  “Hunter Biden and other members of the family are obviously private citizens and where they work is not an endorsement by the president or vice president,” he said in the report.

Vice president Biden’s response

Vice President Biden’s press spokeswoman, Kendra Barkoff, did not respond to questions about whether Hunter Biden discussed the job with his father or sought his approval before accepting it, the report said.  “Hunter Biden is a private citizen and a lawyer,” she said. “The vice president does not endorse any particular company and has no involvement with this company. For any additional questions, I refer you to Hunter’s office.” A spokeswoman for Boies, Schiller & Flexner LLP, a national law firm based in New York where Hunter Biden works, did not immediately respond to a request for comment, the report noted.

Alan Apter, chairman of Burisma Holdings board of directors, said in a statement: “The company’s strategy is aimed at the strongest concentration of professional staff and the introduction of best corporate practices, and we’re delighted that Mr. Biden is joining us to help us achieve these goals.”



About the Author

Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing a trading program’s strategy and mapping it to a market environment and performance driver. He provides analysis of managed futures investment performance and commentary regarding related managed futures market environment. A portfolio and industry consultant, he was an adjunct instructor in managed futures at Northwestern University / Chicago and has written or edited three books, including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008). Mark was director of the managed futures division at Alaron Trading until they were acquired by Peregrine Financial Group in 2009, where he was a registered associated person (National Futures Association NFA ID#: 0348336). Mark has also worked as a Commodity Trading Advisor himself, trading a short volatility options portfolio across the yield curve, and was an independent consultant to various broker dealers and futures exchanges, including OneChicago, the single stock futures exchange, and the Chicago Board of Trade. He is also Editor, Opalesque Futures Intelligence and Editor, Opalesque Futures Strategies. - Contact: Mmelin(at)valuewalk.com