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Ukraine Deal Signed

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Ukraine Deal Signed, Ukraine’s opposition leaders signed an EU-mediated peace pact with President Viktor Yanukovich on Friday, winning a raft of concessions in a delicate deal to end violence that killed at least 77 people and turned the capital into a battle zone.

By nightfall, opposition leaders who signed the deal were addressing peaceful crowds from a stage in Independence Square, which for the past 48 hours had become an inferno of blazing barricades, where protesters were shot dead by police snipers.

But the crowd was still defiant, holding aloft open coffins of slain demonstrators and making speeches denouncing the opposition leaders for shaking hands with Yanukovich.

If it holds, the deal – hammered out with the mediation efforts of the foreign ministers of France, Germany and Poland – would mark a victory for Europe in a tug-of-war with Moscow for influence in the divided ex-Soviet state of 46 million people.

But it remains to be seen whether violence can be halted and whether a lurch away from Moscow will cost Ukraine a $15 billion Russian financial lifeline it needs to stave off bankruptcy.

Under pressure to quit from mass demonstrations in Kiev, Russian-backed Yanukovich agreed to create a national unity government, change the constitution to reduce his powers and leave office early for new elections.

“There are no steps that we should not take to restore peace in Ukraine,” the president said in announcing his concessions before the agreement was signed. “I announce that I am initiating early elections.”

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