"There will be no early election; that will destroy our state,"Itar-Tass quoted Timoshenko as saying in a televised address to the nation on Sunday.

Ukrainian President Viktor Yushchenko dissolved parliament earlier this month and called an early election for Dec. 7, amid mounting political chaos at home and threat from the spreading international financial crisis.

The former alliance was split up when Yushchenko's "Our Ukraine-People's Self-Defense" bloc withdrew from a nine-month-old coalition with Tymoshenko on Sept. 3, following the latter's joining with the opposition Party of Regions in a parliamentary vote to adopt a series of law which strip the president of some powers.

In her Sunday address, Timoshenko urged the parliament to resume its activity despite the ordinance of Yushchenko, suggesting the parliament to form a new coalition that will lead to government reshuffle.

"This coalition and this government must exist until the threat of the world financial crisis is gone for Ukraine and the entire planet. Then they may hold whatever election they want. We also need a strict moratorium on political disputes," she said.

The two were strong allies in the 2004 presidential election and 2007 parliamentary votes, but they have long been at odds on how to tackle the country's rampant inflation, sell state assets and spend budgets.

On foreign policy, Yushchenko is seeking closer ties with the European Union and NATO, while the prime minister favors balanced ties with Russia.