From January 2007
RE: VANCO ENERGY COMPANY is a member of the U.S.-Ukraine Business
Council (USUBC). USUBC strongly supports the statement about the Vanco
case made today by U.S. Ambassador to Ukraine William Taylor in Kyiv. See
his statement below.
Public Affairs Section, U.S. Embassy
4 Hlybochytska St., Kyiv 04050 Ukraine
Tel (380 44) 490-4026, 490-4090
Fax (380 44) 490-4050
PRESS STATEMENT
May 21, 2008
STATEMENT BY U.S. AMBASSADOR TAYLOR ON VANCO CASE
Public Affairs Section, U.S. Embassy
Kyiv, Ukraine, Wednesday, May 21, 2008
I am very disappointed that the Cabinet of Ministers today took unilateral action to revoke the Production Sharing Agreement the Government of Ukraine negotiated with the U.S. company Vanco.
For the Government of Ukraine to attract investors, particularly in those sectors vital to its energy security, it needs to make clear that it respects the sanctity of contracts and the rule of law.
We continue to believe a direct discussion between the two parties could remove misunderstandings that lie at the heart of this controversy. This has not happened to date, despite a clear promise to do so.
We urge the Government to reconsider its decision and return to a policy of dialogue, so this project, important to Ukraine’s energy security, can get back on track.
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http://kyiv.usembassy.gov/infocentral_eng.html
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Public Affairs Section
United States Embassy Kyiv
4 Hlybochytska St.
Kyiv 04050 Ukraine
(380 44) 490-4026, 490-4090
Fax (380 44) 490-4050
http://kyiv.usembassy.gov/
info@usembassy.kiev.ua
