The violence has come to a halt in Ukraine after President Viktor Yanukovich and leaders of the opposition both agreed to a peace deal Friday morning. The deal addresses many of the protesters' demands, including the formation of a new coalition government and an earlier presidential election, to be held later this year.

The deal, aided by Western diplomats, aims to defuse an incredibly violent political protest that has resulted in over one hundred deaths, and many more injured. The most recent demonstration turned to a massacre as riot police descended on the gathering of protestors and government snipers fired into the crowd.

Recent attempts at a truce ended in failure as the two sides quickly clashed with one another again. The new deal is more promising in that it not only allows for earlier elections, but also limits President Yanukovich's influence by restoring the 2004 constitution, giving a more even balance of power between the president and parliament.

The deal also called for the release of former Prime Minister and champion of the anti government movement, Yulia Tymoshenko. Following a presidential run-off in 2010, Tymoshenko was tried and convicted for abuse of office in 2011. Many believe the trial to have been rigged.

Other terms of the agreement include possible amnesty for those involved in the protest and an investigation into the recent killings of protestors. In exchange for these concessions, opposition leaders agreed to hand over any illegal weapons to the Ukrainian government.

Not everyone is satisfied with this new deal however. Many involved in the anti-government movement feel that the recent violence demonstrated by the government is inexcusable and wants an immediate resignation from Yanukovich.

"Yanukovich went to long lengths to preserve his position in power for some more time, but it is not a fact that he may politically survive til [sic] the new presidential election," said Volodymyr Fesenko, head of Penta Applied Political Research Center, to the Los Angeles Times. "Very many protesters, if not a majority, are demanding Yanukovich step down immediately. They are driven by vengeance and euphoria of victory and it will be very difficult to persuade them to accept that compromise."