KYIV, Oct 17 – Ukraine is negotiating with the International Monetary Fund (IMF) on the formula of calculating gas prices for domestic consumers before the complete liberalization of the market, Finance Minister Oleksandr Danyliuk said.

"We need to find a formula that will determine the price of gas for the period until the full liberalization of the market. And now we are working on it. I do not think that it will take us much time," Danyliuk said during a briefing in Washington on Sunday after a meeting with the IMF leadership the day before.