The International Monetary Fund has agreed on a 17.5 billion US dollar bailout to help stabilize Ukraine's finances.
The new economic reform programme is designed to stabilise Ukraine's economy, restore growth and improve living standards. Additional bilateral and multilateral funding to a total of 40 billion US dollars has also been agreed.
Ukrainian Prime Minister Arseniy Yatseniuk described the reforms needed as "very difficult."
It comes as Russian President Vladimir Putin, Ukraine's Petro Poroshenko, and leaders of France and Germany announced that a ceasefire would begin in eastern Ukraine on 15 February, following overnight peace talks.
IMF Chief Christine Lagarde said the deal could prove a "turning point" for Ukraine.
IN: Well clearly..
OUT: ...the objective.
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