Ukrainian President Yanukovych has agreed to hold a presidential election before the end of the year, as part of a deal to end the crisis. He also agreed to a national unity government, and to reinstall the constitution of 2004, thereby reducing the power of the president.
"There are no steps that we should not take to restore peace in Ukraine," Yanukoych said. "I announce that I am initiating early elections."
The compromise came after hours of talks with the opposition leaders and the German, French and Polish foreign ministers. It still remains unclear whether protesters will back it. The German and Polish foreign ministers are now on their way to talk to protesters in Kiev's Independence Square.
Will it be enough?
NRC claims it remains to be seen whether these agreements will be enough for the demonstrators. After all that has happened, it might be the case that Maidan will remain occupied as long as Yanukovych does not resign.
"Delicate moment over agreement on the settlement of the crisis. All sides need to remember that compromise means getting less than 100%," Polish Foreign Minister Radoslaw Sikorski said.
According to the Ukrainian broadcaster ICTV, the deal contains that the the 2004 constitution will be restored within 48 hours, and a national unity government will be formed within 10 days. It also spoke of the immediate start of Constitutional reform balancing the powers of president, government and parliament which will be completed by September. Next to that a presidential election will be held after the new constitution is adopted but no later than December 2014.