The negotiation process with Russia over gas supplies and transit is far from completion, President Viktor Yanukovych of Ukraine said during a meeting in Kyiv with his Lithuanian counterpart, Dalia Grybauskaite.

"There is movement forward from both sides, but the process is far from completion," Viktor Yanukovych said, according to UKRINFORM.

According to him, this is a significant problem for Ukraine, because the price of gas influences both the economy and the social sphere.

The President also added that the price of gas tells on the formation of tariffs in the housing and utilities sector.

Earlier, the Ukrainian side stated that Kyiv had practically agreed with Moscow, and the results of gas talks would be announced shortly.

The Russian Government considers it premature to talk about any specific arrangements on gas price before signing the relevant documents.

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