Statement from Ian Steff, Performing the Non-Exclusive Functions and Duties of the Assistant Secretary for Global Markets, on Trip to Kyiv, Ukraine

June 25, 2019

On June 25, a U.S. Government delegation consisting of Ian Steff, Performing the Non-Exclusive Functions and Duties of the Assistant Secretary for Global Markets at the Department of Commerce’s International Trade Administration; Joseph F. Uddo III, Deputy Assistant Secretary for Energy Innovation and Market Development at the Department of Energy; and Todd Abrajano, Acting Deputy Director and Chief Operating Officer at the U.S Trade and Development Agency held a full day of meetings with senior Ukrainian officials to discuss ways to further strengthen U.S. – Ukrainian economic ties and expand energy cooperation.

The U.S. Government delegation met with the Deputy Head of Ukrainian President Volodymyr Zelenskyy’s Administration, the Minister of Finance, the Minister of Infrastructure, the Director of Ukraine’s National Investment Council, the American Chamber of Commerce in Ukraine, and the U.S.-Ukraine Business Council.

 “The U.S. delegation welcomes Ukraine’s progress to date on economic reform and encourages continued cooperation with the International Monetary Fund and key international financial institutions to strengthen your country’s macroeconomic stability and spur business growth,” said Steff. “American companies look forward to doing more business in Ukraine and are optimistic that further steps will reduce corruption, lessen the role of the state in the economy, strengthen corporate governance and intellectual property rights protections and increase transparency and competition in the energy sector.”

The U.S. delegation also discussed several projects where American companies can support Ukraine’s economic success including in telecommunications, infrastructure, and energy.

“The United States can also help boost Ukraine’s energy security through exports of U.S. commodities like LNG and coal, as well as through partnerships with American companies to expand Ukraine’s domestic gas production and natural gas storage utilization, allowing Ukraine to become not only energy independent, but also a future supplier of natural gas to its European allies,” said Uddo.