RIA Novosti citing Mr Yuriy Boyko Ukraine's Energy Minister as saying that a Ukrainian delegation is holding gas price talks in Moscow.

He said the Ukrainian delegation was holding gas price talks in Moscow in line with agreements reached by Mr Yanukovych with the Russian leaders.

Ukraine is seeking a review of gas deals with Russia claiming the 2009 contract gas price formula is unfair. Moscow has tied the price for gas to the international spot price for oil which rose strongly after that year due to the instability in the Middle East.

Last weekend Mr Viktor Yanukovych Ukrainian President held a meeting with Russian President Mr Dmitry Medvedev and Prime Minister Mr Vladimir Putin to settle the long-running deadlock.

Following the meeting, the Ukrainian president's press office said that considerable progress had been reached during the negotiations but declined to specify.

Mr Mykola Azarov Ukrainian Prime Minister said Kiev hoped to agree a new gas pricing formula with Moscow in October and to start implementing it from 2012.

(Sourced from RIA Novosti)