Business News Politics, 18/04/2018

US Atlantic Council Discusses Energy Security in Kharkiv

On April 17, the Atlantic Council, the USA, and Burisma Group, Ukraine, held an investment forum in Kharkiv to discuss energy independence and security issues.

Among the main topics of the public discussion, organized by the authoritative American non-governmental think tank in international relations, there were the Ukrainian economy, prospects of investment in the Kharkiv region and partnership between the United States and Ukraine.

The discussion was moderated by John Herbst, former US Ambassador to Ukraine, director of the Eurasia Center of the Atlantic Council. Former US Ambassador to Ukraine Roman Popadiuk,  Atlantic Council representative and national security analyst Dr. Evelyn N. Farkas, Burisma Group’s adviser of the board of directors Vadym Pozharsky and Head of Kharkiv Reginal State Administration Yulia Svitlychna took part in the event.

“We are witnessing the aggressive policy of Russia. And we are ready to help Ukraine in resisting current Russian aggression. Reforms in the gas sector have the major importance for the country’s economic growth,” said John Herbst, expert of the Atlantic Council of the United States.

Herbst specified that Ukraine should ensure favorable terms for those overseas companies, which can supply cutting-edge equipment to Ukrainian companies.

Dr. Evelyn N. Farkas pointed out that current events in Ukraine are relevant for the whole world. This is the reason why the international community and the USA, in particular, have been supporting Ukraine.

Also, the largest private gas producer in Ukraine, Burisma Group, presented to the forum participants the development of the Vodyane gas field in the Kharkiv region as an example of successful cooperation between the United States and Ukraine. Now the most powerful drilling rigs in Ukraine are installed there. It is noted that in recent years, Burisma Group has invested more than $100 million in the new drilling equipment.

Text: Olena Sokolynska

Photo:  Facty, Kharkiv Reginal State Administration