KIEV, April 8 – Ukraine can be ready to cancel its moratorium on farmland sales by January 1, 2013, provided market mechanisms are set up.

"The realization of the said tasks should provide for the cancellation of the moratorium on farmland sales in Ukraine from January 1, 2013," reads an annual address of the head of state to Parliament.

In particular, Yanukovych said that the law on the land market should be adopted this year to form the farmland market. He said that the document should foresee a minimum term of five years for land processing, during which restrictions on the sale of ownership rights to land plots should be in effect. In addition, the Ukrainian president proposed to permit the purchase of farmland, in particular, by those who are at an economically active age and have education allowing them to work the land.