Ukrainian Peace Talks Being Held in Minsk, Belarus

European Leaders are meeting in Minsk for crucial Ukraine peace talks.

The leaders of France, Germany, Russia and Ukraine negotiated into the early hours Thursday to try to find a way to halt the fighting in eastern Ukraine that has killed more than 5,300 people.

The talks on ending the conflict between Ukrainian forces and Russian-backed separatist rebels were held amidst intense anxiety.

Fighting has increased in recent weeks, and Europe is nervously awaiting word on whether Washington will send lethal aid to Ukraine. Additionally, Russia's economy is also deteriorating under the sanctions imposed by the West and lower petrol prices.

The Ukrainian President said, "The entire world is waiting to see whether the situation moves toward de-escalation, a weapons pullback, a cease-fire, or ... spins out of control,"

Details of a possible peace deal haven't been released.

At a news conference in Moscow, the Russian Foreign Minister said there was "notable progress" in the peace process, but gave no details.

While the Ukrainian President said, he was "ready to impose martial law across the country if we are not able to reach an agreement in Minsk."

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