Ukraine Plans to Import Oil From Saudi Arabia

Ukraine’s prime minister has told a visiting Saudi delegation that her country is willing to import oil from the Kingdom and take other measures to correct the balance of trade which tilts heavily in Ukraine’s favor.

It is the first time ever that Ukraine has offered to import Saudi oil as part of its move to diversify its sources of oil supply, which was mainly from Russia. The new direction in its foreign and economic policy has come in the wake of the recent elections in Ukraine, whose new President Viktor Yushchenko has pledged to follow an independent foreign policy.