U.S.-UKRAINE BUSINESS COUNCIL (USUBC) MEETS OPIC
OFFICIALS REGARDING OUTSTANDING ISSUE WITH UKRAINE

U.S.-Ukraine Business Council (USUBC)
Washington, D.C., Monday, October 15, 2007

WASHINGTON - Four representatives of USUBC, Jack Heller,
Charles Camp, Ulyana Panchishin and Morgan Williams met with 5
officials of the Overseas Private Investment Corporation (OPIC) last week in Washington. 

Representing OPIC were:  Robert Mosbacher, Jr, President and
CEO; Dulce Zahniser, Chief of Staff; Brian Christaldi, Associate
General Counsel, Project Finance; Robert C. O'Cullivan, Associate
General Counsel, Insurance Claims; and Tara Blake, Senior
Investment Insurance Officer. 

President Mosbacher discussed several aspects of the OPIC claim
(1999) against Ukraine which has caused OPIC to close its program
for Ukraine...the background, the justification, the present status and
ideas on moving forward when there is a new government.  There
was then a discussion among the parties at the meeting about the
issues above.

The meeting was very positive and we all agreed to stay in touch
and meet again once there is a new government in place.  USUBC
is looking forward to working closely with OPIC, other officials
in the U.S. government and with the Ukrainian government regarding
ways to resolve the outstanding issue.