Burisma

Extracted Attributes

• Founded

  2002

• Industry

  Energy exploration and production

• Dissolved

  2023

• Full Name

  Burisma Holdings Limited

• Headquarters

  Kyiv, Ukraine

• Legal Registration

  Limassol, Cyprus

• Market Share (2016)

  26% of all natural gas produced by privately owned companies in Ukraine

• Legal Settlement (Taxes)

  180 million hryvnias (approximately US$7.44 million) paid to avoid criminal proceedings

• Natural Gas Production (2018)

  1.3 billion cubic metres

Timeline

• Burisma Holdings is founded. (Source: Wikipedia)

  2002-01-01

• Burisma acquires Ukrainian companies Esko-Pivnich and Pari through Sunrise Energy Resources. (Source: Web Search)

  2004-01-01

• Hunter Biden joins the Burisma board of directors to lead the legal unit and provide support among international organizations. (Source: Senate Finance Committee Report)

  2014-05-12

• Burisma becomes the second largest privately owned natural gas producer in Ukraine; pays 50 million hryvnias in additional taxes following a state audit of Esko-Pivnich. (Source: Web Search)

  2016-01-01

• Russian GRU military hackers launch a phishing campaign targeting the email credentials of Burisma employees. (Source: ABC News)

  2019-11-01

• Burisma Holdings Limited is dissolved. (Source: Wikipedia)

  2023-01-01

Burisma

Burisma Holdings Limited (Ukrainian: Бурісма Холдингс) was a holding company based in Kyiv, Ukraine, for a group of energy exploration and production companies. It was founded in 2002 and registered in Limassol, Cyprus, until being dissolved in 2023. It was one of the largest private natural gas producers in Ukraine circa 2019. It was owned by Ukrainian oligarch Mykola Zlochevsky through his company Brociti Investments Limited (Ukrainian: Бросіті Інвестментс Лімітед). Burisma's subsidiaries included Esko-Pivnich, Pari, Persha Ukrainska Naftogazova Kompaniya, Naftogaz Garant, KUB-Gas and Astroinvest-Ukraine.

Web Search Results

• Burisma - Wikipedia

  ## History [edit] Burisma was founded in 2002. Consolidation of the Burisma Group took place mainly in 2006 and 2007. It became a major shareholder of Sunrise Energy Resources, a Delaware Corporation, which in 2004 acquired Ukrainian companies Esko-Pivnich (Ukrainian: Еско-Північ) and Pari (Ukrainian: Парі), which owned natural gas exploration licences. In 2009, shares in these companies were transferred to Millington Solutions Limited. However, shortly thereafter Millington ceased to exist, at which point Burisma claimed ownership of those two companies. [...] In 2016, Burisma was the second largest privately owned natural gas producer in Ukraine after DTEK, accounting for 26% of all natural gas produced by privately owned companies and more than 5% of total gas production in Ukraine. According to the company, it produced 1.3 billion cubic metres (4.6×1010 cubic feet) of natural gas in Ukraine in 2018. In Kazakhstan, the company provided drilling services to KazMunayGas and its subsidiaries, including at the Urikhtau gas field. In Italy, Burisma developed three geothermal power projects in partnership with Gesto Investimento e Gestão. [...] The Ukrainian prosecutor general's office and the National Anti-Corruption Bureau of Ukraine (NABU) have conducted a total of 15 investigations of Burisma's owner Zlochevsky. In 2016, former Prosecutor General Yuriy Lutsenko accused Burisma subsidiaries of conspiracy and tax evasion of about one billion hryvnias (US$70 million) in 2014–2015, but later, during the investigation(s), subsidiaries of Burisma were not mentioned. A tax audit of Esko-Pivnich by the State Fiscal Service "State Fiscal Service (Ukraine)") found violations in 2016. As a result, 50 million hryvnias (US$1.9 million) of additional taxes was paid to avoid charges. In total, Burisma paid an additional 180 million hryvnias (US$7.44 million) of taxes to avoid further criminal proceedings. A criminal investigation was

• [PDF] Hunter Biden, Burisma, and Corruption - Senate Finance Committee

  BOARD, BURISMA’S OWNER, ZLOCHEVSKY, ALLEGEDLY PAID A $7 MILLION BRIBE TO UKRAINE’S PROSECUTOR GENERAL’S OFFICE TO CLOSE THE CASE. On May 12, 2014, Burisma trumpeted the addition of Hunter Biden to its board of directors, stating, “Biden will be in charge of the [Burisma] Holdings’ legal unit and will provide support for the Company among international organizations.”102 In that same press release, Hunter Biden stated, “As a new member of the Board, I believe that my assistance in consulting the company on matters of transparency, corporate governance and responsibility, international expansion and other priorities will contribute to the economy and benefit the people of Ukraine.”103 The company’s release went on to say that, Hunter was “a well-known public figure,” but the release did not [...] focused on determining whether Hunter Biden and Devon Archer sought to benefit financially from their relationship with then-Vice President Joe Biden or if they sought to influence U.S. policy in Ukraine on behalf of Burisma. Further, the Committees reviewed and evaluated the Obama administration’s handling of Ukraine policy to determine whether policy decisions related to Ukraine and Burisma were improperly influenced by the employment and financial interests of family members of the administration. For example, after joining Burisma’s board, Biden and Archer subsequently requested meetings with senior State Department officials, including then-Secretary of State John Kerry and then-Deputy Secretary of State Antony Blinken.8 Further, a Democratic lobbying firm, Blue Star Strategies, [...] on deaf ears. 56 Id. at 50 (emphasis added). 57 Id. at 117. 58 George Kent Testimony at 110. 19 V. SECRETARY OF STATE JOHN KERRY FALSELY CLAIMED HE HAD NO KNOWLEDGE ABOUT HUNTER BIDEN’S ROLE ON BURISMA’S BOARD. a. Introduction On Dec. 8, 2019, a reporter asked former Secretary of State John Kerry about his awareness of Hunter Biden on Burisma’s board during his time at the State Department.59 Kerry responded, “I had no knowledge about any of that. None. No.”60 The reporter pressed for more information and Kerry said, “What would I know about any—no. Why would I know about any company or any individual? No. The answer is no. No communication. No nothing.”61 Testimony and documents obtained by the Committees call into question the accuracy of Kerry’s statement. On May 13, 2014, the day

• The Bidens and Burisma: A Spotlight on Systemic Corruption - S-RM

  an estimated USD 3.5 million in remuneration at Burisma, reportedly for little more than attending several board meetings and energy forums in Europe. Despite the cost, his appointment was a coup for Burisma, who also brought in several other high-profile foreigners, including a former Polish president, as part of a public relations campaign intended to improve a corporate image tainted by corruption. [...] ## BURISMA’S CHECKERED PAST [...] cooperation from Ukrainian prosecutors. At the same time, a domestic corruption investigation into Burisma stalled, and an arrest warrant for Zlochevsky was cancelled in 2016. This should not be considered an indication of the company’s innocence, according to Kyiv-based watchdog the Anti-Corruption Action Centre, which claims that the last three Ukrainian prosecutor generals have helped sabotage investigations into Burisma and Zlochevsky. While Hunter has not been implicated in any of the investigations and the alleged crimes predate his appointment at Burisma, the effect on his reputation has been acute.

• Ukrainian gas firm Burisma hacked by Russians in all-too-familiar ...

  Hunter Biden, the former vice president's son, has faced criticism for accepting a position on Burisma's board of directors. When he joined the firm in 2014, his father was fronting U.S. foreign policy toward Kyiv, and while the Bidens have not been accused of doing anything illegal, the position presented the appearance of a conflict of interest, ethics experts have told ABC News. President Donald Trump's overtures to Ukraine's leader in July to investigate the Bidens prompted Congress' impeachment probe. [...] The Russians' phishing campaign described by Area 1 mirrors the Kremlin's efforts to penetrate Democrats leading up to the 2016 presidential election, when Russians successfully penetrated the email account of Hillary Clinton campaign adviser John Podesta through similar means. Russia has denied hacking into U.S. elections. "The Burisma Holdings campaign is yet another example of the phishing playbook being applied to great effect," the authors wrote. "The timing of the GRU's campaign in relation to the 2020 U.S. elections raises the spectre that this is an early warning of what we have anticipated since the successful cyberattacks undertaken during the 2016 U.S. elections." ### MORE: Ukraine's 2014 revolution to Trump's push for a Ukrainian probe of Biden: A timeline [...] ## ABC News ## Live ## Video ## Shows ## Shop ## Stream on stream logo # Ukrainian gas firm Burisma hacked by Russians in all-too-familiar phishing scheme, cybersecurity company finds The report found Russian military hackers used a phishing scheme. Russian government hackers successfully penetrated the internal systems of Burisma, the Ukrainian-based oil and gas firm that once employed former Vice President Joe Biden's son, a Silicon Valley-based cybersecurity company has found. Area 1, the cybersecurity outfit, issued a report detailing Russian GRU phishing efforts beginning in November 2019 aimed at "targeting the email credentials of employees at Burisma Holdings and its subsidiaries and partners" in an effort to "gain control of [Burisma's] internal systems."

• Biden, Burisma, and Ukraine: Why Moscow's Evolving Narrative of ...

  Why is Burisma the latest in this string of incredibly unlikely masterminds and financiers of the terrorist attacks? One possibility is that it is part of Russia's campaign to interfere in U.S. elections. With elections a little over six months away, America's competitors and adversaries will likely begin ramping up efforts to influence the results. What better way to play to the American voters' pathos than evoking controversial stories involving the president, his family, Burisma, and Ukraine—stories that have been in U.S. news cycles for years? With elections a little over six months away, America's competitors and adversaries will likely begin ramping up efforts to influence the results. [...] Claims of Burisma's involvement in U.S. politics ring an all too familiar bell. After all, the first impeachment inquiry into former President Trump alleged that he sought to withhold aid to Ukraine in exchange for a commitment that Ukraine would openly investigate the Biden-Burisma connection ahead of the 2020 presidential election. As the ongoing Russian invasion of Ukraine remains a key issue in the upcoming U.S. elections, there will likely be more questionable claims from Russian entities seeking to dissuade the American public from continuing to support Ukraine—a notable stance of the Biden administration. [...] After the terrorist attack, Moscow and its associated propagandists levied accusations against multiple entities: Western spy agencies, the Ukrainian government, and now Burisma. Accusing the West allows Putin to continue stoking the flames of an “us vs. them” mentality, preying on the fears of Russian citizens and keeping his domestic support strong. Accusing Ukraine gives Putin further justification to continue his invasion of the sovereign country.