SASKATCHEWAN WILL BE PART OF FUTURE ECONOMIC GROWTH IN UKRAINE

Released on October 6, 1995

Premier Roy Romanow said today he is pleased Saskatchewan has
established a program of co-operation to allow Saskatchewan businesses
to be part of future economic growth in Ukraine.

Romanow signed agreements today in the areas of energy, agriculture and
cultural industries at a special gathering of Saskatchewan and
Ukrainian business, community and government representatives at the
Canadian embassy in Kyiv, Ukraine.

Romanow is wrapping up a trade and investment mission to western Europe
and Ukraine which is focusing on key economic sectors such as
ag-biotech, agricultural machinery, energy and cultural industries.

"I am very impressed with all we have accomplished in these few short
days of the Ukraine portion of the trade mission," Romanow said. "We
have improved and expanded our ties in government, in the energy
sector, in agricultural industries and culture.

"We have just signed a Memorandum of Understanding (MOU) on
co-operation in the energy sector, and Saskatchewan is willing to
proceed quickly with the implementation of this memorandum, which is
intended to lead to investment by Saskatchewan companies in Ukraine's
energy sector."

Romanow said Ukraine is interested in consulting with the Saskatchewan
government and oil industry regarding oil production technology,
legislation, and regulation.


"Ukraine is interested in learning from Saskatchewan's experience at
increasing oil production from existing reservoirs using various
technologies such as horizontal drilling."

Romanow said a co-ordinating council will be established between
Saskatchewan Energy and Mines and senior officials of the Ukraine
government to share information, exchange personnel and identify
concrete projects for joint development.

Saskatchewan and Ukraine have also signed a letter of intent in
agriculture in order to share knowledge, information and technology
through the establishment of a demonstration farm.

"Both Saskatchewan and Ukraine agree the development of agricultural
technologies, production methods and management practices are required
to ensure that agriculture maintains its vital role in the development
of both economies."

Romanow said the development and implementation of the forage operation
and farm management training program at the Pereyaslav Khmelnitsky
demonstration farm is a good example of the benefits that co-operation
can bring to Ukraine and Saskatchewan.

Also signed today were nine letters of intent representing
approximately $5 million in activity in the cultural industries
including:

a $4 million feature film involving Minds Eye Pictures and
Dovchenko Studios;

a documentary featuring three generations of families from Ukraine
and Saskatchewan between Four Square Productions and State TV
Broadcasting Company;

five letters of intent between Saskatchewan Communications Network
and a variety of public and private sector producers for the
purpose of potential broadcast in Saskatchewan and;
two agreements for the publication of visual arts and childrens'
books between Coteau Books and Veselka Publishing and Mystetstvo
Publishing.

"The main purpose of the cultural industries letters of intent is to
enhance the understanding and friendship between the peoples of
Saskatchewan and Ukraine by creating greater awareness of our
respective history, culture and art, and to continue to promote
economic development in both Ukraine and Saskatchewan.

"I am proud that our economic co-operation will support and assist
Ukraine in its important program of political and economic reform.

"We have also agreed, within the context of the Saskatchewan-Ukraine
Co-operation Agreement, to work toward establishing effective
mechanisms to steadily increase Saskatchewan's trade and investment in
Ukraine in order to build a long-term economic relationship." Romanow
said.

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For more information, contact:

Lynn Gidluck
Media Relations
Regina
Phone: (306) 787-0850