Vice President Joe Biden recently visited Ukraine telling President Petro Poroshenko that he needed to form a new government "within days, not weeks." Disclosure: Biden's son Hunter sits on the Board of Directors of Burisma, Ukraine's largest gas producer. Thus, it would be helpful to appoint Western oriented cabinet members.
Poroshenko's party proposed three foreigners (to his new cabinet): Natalie Jaresko, a U.S. citizen, for finance minister, Lithuanian Aivaras Abromavicius for economics minister and Georgian Alexander Kvitashvili for health minister. Poroshenko granted them Ukrainian citizenship yesterday, hours before the parliamentary vote that approved the appointments.
Ukraine's new finance minister is a private equity underwriter (PEU), having co-founded Horizon Capital. Jaresko served as President of Western NIS Enterprise Fund, capitalized with $150 million in U.S Government funds.
WNISEF is managed by Horizon Capital, a private equity fund manager that originates and manages investments in mid-cap companies with outstanding growth and profit potential in Ukraine and Moldova.
The Lithuanian works at Swedish investment firm East Capital and the Georgian oversaw the large scale privatization of his country's health care system. It sounds like a corporafornication paradise.
Update 12-5-14: NakedCapitalism ran a piece on Jaresko. The success Horizon Capital claims for its funds appears not to have
been reported in the lossmaking years, 2003, 2004, 2005, 2006, 2008,
2009, 2010, and 2012. In the only two years which Jaresko managed in the
black, 2007 and 2011, the net gains reported were $1.8 million and
$401,662, respectively.
Update 3-26-17: EPJ reported Jaresko has been named chief executive of the Financial Oversight and Management Board for Puerto Rico
Update 9-28-19: ZeroHedge reported Hunter Biden and his partner Devon Archer received $3 million from Burisma. The story mentions opportunistic USAID funding.
Update 1-16-20: President Trump will speak at the World
Economic Forum in Davos, Switzerland next week. The billionaire boys
will attend. Horizon Capital is sponsoring Davos' Ukraine House. The
Ukraine Venture Capital and Private Equity Association will meet at the Ukraine House Ukrainian President Volodymyr Zelensky.will host the invitation-only meeting of the National Investment Council of Ukraine at the Ukraine House
Update 3-1-22: Biden partner Devon Archer was convicted of fraud for defrauding a Native American tribe. Oddly, doing deals with Native Alaskans is how David Rubenstein got his Carlyle Group seed money.
Update 8-1-23: ZeroHedge reported Hunter's partner Devon Archer shed light on Vice President Joe Biden's influence on the Burisma board appointment. Archer said the family's "brand" had value at a time when the firm was facing corruption allegations.
