The deal has five points, which are stated in a Joint Statement:
• All sides refrain from violence, and reject expressions "of extremism, racism and religious intolerance, including antisemitism".
• All illegal armed groups must be disarmed; all illegally seized buildings must be returned; all illegally occupied streets and other public places in Ukrainian cities and towns must be vacated.
• Amnesty will be granted to protesters and to those who have left buildings and other public places and surrendered weapons, with the exception of those found guilty of capital crimes.
• The OSCE would play a leading role in helping the authorities implement the agreement.
• Constitutional reform would be inclusive, transparent and accountable,the Guardian reports.
However, the question remains whether the agreement is going to be fully implemented and how each side interprets the agreement. In any event, this was the first instance of multilateral talks with an aim to de-escalate the crisis, which is laudable. But now, it is both internal and external factors in the crisis that have to be involved in the process. Read more in this analysis by Council on Foreign Relations.
April 17: After several weeks of crisis that resulted in separation of the Crimea from Ukraine and continuation of unrest throughout the cities in the east of the the country, the top diplomats from Ukraine, Russia, EU and the United States met in Geneva for the first time to discuss the ways to ease the present crisis. Following the takeover of the local administration buildings by pro-Russian protesters in Donetsk and several other cities of Ukraine.
Russian president Vladimir Putin said earlier this week that the Ukrainian "anti-terrorist" actions are pushing that country on toward civil war. On the other hand, the US president said: "Mr Putin's decisions aren't just bad for Ukraine. Over the long term, they're going to be bad for Russia."
"I think we still have a chance to de-escalate the situation using the diplomatic means," Ukraine's foreign minister, Andrii Deshchytsia, told reporters late Wednesday ahead of the talks. "And we are trying hard", AP reports.
Before the meeting, the atmosphere suggested no major breakthroughs, according to this RFE report.
For more on the meeting in Geneva and latest updates, see this live feed by the Guardian:
April 15:The crisis in the east of Ukraine shows no sign of abating, and central government has lost control in some of its cities to pro-Russia protesters in the past couple of days - most notably in Donetsk and Sloviansk. The tension has not loosen up, as the pro-Russia insurgents continue to use violent means in those cities. Breaking news suggest that the government in Kiev has ordered the movement of tanks toward those cities on Monday, to regain control.
For more, read this featured BBC article Ukraine crisis: What is happening where?
Also, read the Economist correspondent Tim Judah's report from Gorlivka, and this VICE News photo reportage from site.
Cover Image: BBC