The talks came amid mounting tensions ahead of what could be a potentially explosive weekend in Kiev, with both the opposition and supporters of the ruling Regions Party vowing to hold mass rallies in the city centre.
The three main protest leaders -- world boxing champion Vitali Klitschko, nationalist leader Oleg Tyagnybok and the head of the party of jailed opposition leader Yulia Tymoshenko, Arseniy Yatsenyuk, -- were all in attendance.
Yanukovych promised an amnesty for those arrested during the protests and a "moratorium" on actions by the security forces, without giving further details.
"I address all citizens with a request to calm down and halt confrontation," said Yanukovych.
But the opposition, which has insisted that the government of Prime Minister Mykola Azarov should resign and riot police punished for beating protesters, said Yanukovych's promises were nowhere near enough.
The opposition has called for a new mass protest on Sunday, and pro-Yanukovych supporters are gearing up for a counter rally, with thousands to be bussed in from his home base in the east of the country.
Klitschko, dressed in jeans, for his part warned the president against sending riot police to break up the protest. "It will have terrible consequences for the country and for you personally."
The talks at a concert hall were chaired by post-Soviet Ukraine's first president Leonid Kravchuk and were also attended by top church leaders, parliament speaker, foreign minister and other top figures.
Akhmetov -- who according to the Ukrainian edition of Forbes magazine is the country's richest man with a USD 14.9 billion fortune -- said it was important now to have a "balanced approach.
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