Ukraine ceasefire agreed upon: Lavrov

Russia's Foreign Minister Sergei Lavrov has said a ceasefire has been agreed to in the Ukraine and this time it shall not fail.

Russian Minister of Foreign Affairs Sergei Lavrov speaks during the 53rd Munich Security Conference. Source: AAP

Russia's Foreign Minister Sergei Lavrov says a ceasefire between Ukraine and Russian-backed separatists has been agreed.

The news came after a meeting between Lavrov and Ukrainian, German and French counterparts in Munich.

"On February 20 the ceasefire regime will start and withdrawal of heavy military hardware will also start," la vrov said.

"We have actively supported this decision and obviously expressed a conviction that this time, failure should not be allowed to take place."

Lavrov's comments came minutes after Ukrainian Foreign Minister Pavlo Klimkin told reporters he was "not at all" happy with the results of Saturday's meeting.