Ukrainian President, Pro-Russian Rebel Leader Agree To Ceasefire

Ukrainian President Petro Poroshenko and the main pro-Russian rebel leader said they would both order cease-fires on Friday, provided that an agreement is signed on a new peace plan to end the five-month war in Ukraine's east, according to The Associated Press.

The breakthrough came after a week in which the pro-Moscow separatists scored major victories with what NATO says is the open support of thousands of Russian troops, the AP reported.

Speaking on the sidelines of a NATO summit in Wales, Poroshenko said the ceasefire would be conditional on a planned meeting going ahead in Minsk on Friday of envoys from Ukraine,Russia and Europe's OSCE security watchdog, according to the AP.

"At 1400 local time (0700 ET on Friday), provided the (Minsk) meeting takes place, I will call on the General Staff to set up a bilateral ceasefire and we hope that the implementation of the peace plan will begin tomorrow," he told reporters, the AP reported.

There have been local agreements to hold fire, for example during the recovery of bodies from a Malaysian airliner shot down over rebel territory in July, but Thursday's announcements were the first time the two sides have called for a full truce, according to the AP.

The announcements come a day after Russia's President Vladimir Putin put forward a seven-point peace plan, which would end the fighting in Ukraine's east, bring in outside monitors and aid, while leaving rebels in control of their territory, the AP reported.

To keep the pressure up on Russia, a White House official attending the NATO summit said the United States was preparing a new round of economic sanctions, but progress towards a truce could halt new European financial sanctions that EU leaders had been expected to agree on Friday, according to the AP.

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