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 Iceland |  Ukraine |
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Iceland–Ukraine relations are thebilateral relations betweenIceland andUkraine, as well as cooperation between the two countries ininternational organizations and otherinternational institutions.
Unlike otherScandinavian countries, Ukraine's political dialogue with Iceland is characterized by irregularity and low intensity. It seems that the Icelandic side is more interested in maintaining bilateral relations than the Ukrainian side.[1] The last high-level visit from Ukraine to Iceland took place in May 2002, when theUkrainian Foreign MinisterAnatoliy Zlenko visited the country. Since then, Icelandic Prime MinisterDavíð Oddsson (February 2004)[2] and Icelandic Foreign MinisterValgerður Sverrisdóttir (November 2006) have both paid an official visit to Ukraine.[3]
Icelandic Foreign MinisterÞórdís Kolbrún R. Gylfadóttir expressed support for Ukraine in the conflict, and said that Russia's actions "must have consequences".[4]
Trade and economic relations with Iceland since 2009 are limited to imports of Icelandic fresh and frozenfish to Ukraine. The volume of these imports and, accordingly, the total volume of bilateral trade in 2009 reachedUS$38.75 million. In previous years, Ukraine exported to Iceland, however, in small quantities, industrial products. At the same time, Iceland is the 40th among 123 countries-investors in terms of direct investment in Ukraine. Direct investment from Iceland - $ 25 million. The largest of the Icelandic investments in Ukraine was the acquisition in 2006 by the Icelandic International Private Investment Bank together with other investors of a controlling stake (92.5%) in the shares of the Ukrainian Joint-Stock Commercial Bank Lviv in the amount of 8 million USD.[5]
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