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Rising crude oil, gas prices force Ukraine to tap domestic deposits
Journal Staff Report

KIEV, March 4 – Rising prices of crude oil and natural gas on world markets have forced Ukraine to reconsider its energy policy in favor of boosting domestic extraction, President Viktor Yushchenko said Saturday.

Ukraine has always thought that its oil and gas were too costly to extract and thus has been seeking to tap fields overseas, including in Libya or Kazakhstan. But Yushchenko’s comment shows the policy may have changed.




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Currencies (in hryvnias)
  17.07.2018 prev
USD 26.21 26.23
RUR 0.421 0.421
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