The deal was reached after 15 hours of tense negotiations between Putin and his Ukrainian counterpart along with Hollande and German Chancellor Angela Merkel. The four way summit in Minsk began at around 6.20 p.m. Wednesday and continued through the night amid a tense atmosphere. Hollande and Merkel travelled to Brussels for the EU summit immediately after the meeting.
"The agreement doesn't guarantee that there will be lasting success in the coming days, that supposes that we will continue to be vigilant and apply pressure and pursue the action that has been taken thanks to the initiative launched by the chancellor (Angela Merkel) and myself," Hollande said.
He said everything could still go both ways and that the coming hours would be decisive.
"We're at a crucial point in time, an agreement has been reached, it's more than a ray of hope, and at the same time it's a point where everything can still be decided in one way or the other, and the coming hours will be decisive," French president said.
At the same time, it is worth noting that the French president did not explain what exactly should happen in 'the next few hours', since the agreement concluded in Minsk provides that the cease-fire is established only from Feb. 15.