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Finland to Sell Soviet Oil to Israel

August 19, 1988
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Finland may soon begin selling excess Soviet oil to Israel, according to a report Tuesday in the Israeli daily Haaretz.

According to the paper, an agreement to this effect has already been signed between the two countries, though the subject is being blacked out by both sides due to the sensitivities involved.

Israel’s Energy Minister Moshe Shahal visited Finland last year and met with his Finnish counterpart in order to discuss the issue.

The paper wrote that a commercial agreement has now been signed between Finland and the Soviet Union, by which Finland will obtain 4.5 million tons of Soviet oil in excess of its own needs. The USSR will in turn permit the Finns to sell the excess oil on the free market.

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