Ukraine: Ukraineneft and Ukraineftgaz

This report looks at how the new Ukrainian government plans to decrease Russian influence over Ukraine's energy sector. President Viktor Yushchenko has declared goals which include the diversification of oil and gas supply sources, the reform of the domestic market, and the creation of a strategic oil stock. Ukraine's search for more partners in the energy sphere has affected the relationship between Ukraine and Russia. From a "brotherly" relationship to one of pragmatic interest, dialogue between the two countries has lessened. And despite various difficulties, the Ukrainian government is working to decrease Russian influence over Ukraine's energy sector. Part of the Russian Foreign Energy Policy Report series.