Hunter Biden resigns from Chinese firm, promises not to sit on any foreign boards

(Image credit: Moses Robinson/Getty Images for Usher's New Look Foundation)

It might not satisfy the Trump administration, but Hunter Biden, the son of Democratic presidential candidate and former Vice President Joe Biden, said in a statement Sunday that he's stepping down from his position on the board of a Chinese-backed private equity form.

The decision comes after the Bidens became entangled in President Trump's Ukraine-related impeachment saga. Members of the Trump administration, namely the president's personal attorney Rudy Giuliani, have accused the Bidens of corruption related to Hunter's foreign business ties, including in Ukraine and China. Although there's no evidence that either Hunter or Joe Biden did anything illegal, it looks like they aren't going to take any risks going forward.

"Under a Biden administration, Hunter will readily comply with any and all guidelines or standards a President Biden may issue to address purported conflicts of interest, or the appearance of such conflicts, including any restrictions related to overseas business interests," Hunter Biden's attorney, George Misers, said in the statement. "In any event, Hunter will agree to not serve on boards of, or work on behalf of, foreign owned companies." Read more at The Washington Post and CNBC.

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Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.