KIEV, July 21 - Ukraine may move to completely restrict bilateral trade with Russia, said Prime Minister Arseniy Yatseniuk.

"I'll give you the following forecast: we should prepare for the practically complete restriction of trade with Russia in the bilateral format," he said at a conference dedicated to diversification of markets and sources of industrial goods in Kiev.

According to the premier's estimates, if the Russian market were to be closed to Ukrainian goods, the decrease in exports would amount to about $5 billion.