In a large mixing bowl combine the ground beef, tomato paste, 1/2 cup chicken stock, grape jelly, salt, white pepper, garlic, oregano and rosemary. Mix well. Shape the mixture into meatballs 1 inch in diameter.
In a large saucepan, heat the vegetable oil over a low heat. Add the meatballs and brown for 5 minutes. Add the remaining chicken broth and the dill and basil. Simmer for 15 minutes over a very low heat.