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Ukrainian President Viktor Yanukovych has predicted that the Verkhovna Rada will adopt the law on pension reform as a whole by the end of its current session.

"We have already adopted the law on pension reform at first reading, and next week we will adopt it as a whole," he said at a Ukrainian-Armenian business forum in Kyiv on Friday.

Yanukovych said that the adoption of the pension reform law should not be delayed. He said that one of the reasons was the fact that the level of pensions in the country remains low.

The Ukrainian parliament approved a government bill on pension reform at first reading on June 16.

According to the parliament’s schedule, the last plenary week of the Verkhovna Rada before vacation begins on Monday and ends on Friday, July 8.

The International Monetary Fund expects Ukraine to approve pension reform and resolve the problem with understated gas prices for the public in order to decide on the allocation of the next tranche to the country under the Stand-By Arrangement.