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This paper argues that Ukraine, because of its tight relation with Russiaand geographic appurtenance with Europe has the privileged opportunity tofunction as an economic bridge between its two main economic vectors. The paperis divided in two parts, one that analyses Ukraines recent history as to determineits relation with Russia, its economic and politic limitations and background. Thesecond part presents the main economic areas of Ukraine that show interest to EUand Russia, as to determine its overall economic potential.