Polls showed Yanukovich with a clear lead going into the Sunday elections, albeit without the majority required to avoid a second round run-off against his main challenger, the glamorous Prime Minister Yulia Tymoshenko.
The Orange Revolution protests of late 2004 swept Ukraine's old order from power and created hopes of a new era of prosperity and European integration for the country of 46 million people bridging the EU and Russia.
But amid grave public disillusionment after five years of botched reform and political stalemate, the Revolution's hero, pro-Western President Viktor Yushchenko, is set to be bundled out in the first round.
With Tymoshenko making much of her warm ties with Russia's strongman Prime Minister Vladimir Putin, the outcome of the February 7 run-off is already being seen as good news for the Kremlin, which cut off all business with Yushchenko.
After a frenetic campaign that saw the main protagonists exchange stinging insults, Saturday was an official "day of calm" with all campaigning banned and posters supposed to be removed from the streets.
Yanukovich was due to pray at Kiev's millennium-old Caves Monastery, one of the the most revered sites of Orthodox Christianity. Yushchenko, an avowed history buff, was to attend a pan-Ukrainian meeting of Cossacks.
Tymoshenko, her voice hoarse from weeks of campaigning, issued a stern warning against the perils of voting for Yanukovich, saying the country risked becoming "internationally isolated, ruled by oligarch clans and criminals."
Yanukovich spat back: "What have the Orange leaders promised and not done over the last five years? They deceived the people."
Yanukovich should win around 40 percent of the vote in the first round and Tymoshenko 23 percent, according to the latest polls by the Kiev International Institute of Sociology.
But analysts believe the image-conscious prime minister -- famed for her traditional hair braid -- can still make up ground in the run-off.
Third place is expected to go to businessman Sergiy Tigipko who appears to have made a late surge and is given an outside chance of springing a first round upset.
Yushchenko won the presidency in a re-run election in December 2004 ordered by the courts after tens of thousands took to the streets to accuse Yanukovich of vote-rigging in the original polls that he won.
Yushchenko and Tymoshenko were comrades-in-arms in the Orange Revolution but later became sworn enemies, their relationship poisoned by a perennial power struggle and mutual accusations of criminal wrongdoing.
Since 2004, Yanukovich has sought to reinvent himself with the help of Western PR strategists and to show he is not a servant of the Kremlin but a defender of Ukrainian interests.
In a television appearance Friday he pledged to renegotiate gas supply deals with Russia that were agreed by Tymoshenko and Putin, describing the price Ukraine pays for Russian gas as "unjust."
He has also sought more support in the country's Ukrainian-speaking west -- traditionally the heartland of Tymoshenko and Yushchenko supporters -- while holding on to his powerbase in the Russian-speaking east.
The gloves-off campaign has also seen the past of the candidates once again dredged up.
Yanukovich was jailed twice in the Soviet era for theft and assault, though the convictions were erased in the late 1970s. Tymoshenko herself was briefly detained in 2001 on smuggling charges that were later quashed.
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