Political scandal with Burisma not good for Ukraine's mining industry, - expert

It could affect the investment climate in this country, - Oleksandr Sirenko, the expert in the oil products market
17:21, 5 November 2019

The scandal between the U.S. and Ukraine with Burisma company involved in it is a bad signal for Ukraine's production industry. Oleksandr Sirenko, the expert in the oil products market said so in the interview with the ZIK TV channel.

When asked about any possible influence on the investment climate in this country, Sirenko said the following:

"Burisma enters top five of Ukraine's largest private production companies. This particular enterprise is into the development of this area. It mines gas, enjoys powerful service companies that provide services to state-run and private companies".

According to him, Ukraine demands technologies and investments, as well as transparent rules of the game in order to develop the industrial branch.

Related: Hunter Biden's lawyer denies Joe Biden's influnce on son's business in Burisma and Chinese BHR

"So it remains unknown how after these scandals where Burisma was involved (...) the company would cooperate with the American companies, which enjoy good relations with it", he said.

Sirenko said he saw several powerful production stations bought in the U.S.; however, these projects will be apparently halted for several years. 

Hunter Biden, the son of Joe Biden, the ex-Vice President of the U.S. joined the Board of Directors of Burisma Group. Prosecutor Kostyantyn Kulyk composed a dossier against the Bidens in English; the document contributed to the struggle that led to an investigation against President Trump himself.   

Related: Trump blackmails Ukraine with Bidens' and Burisma company investigations


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