KIEV, March 13 – Observation of the ceasefire is the key precondition for restoring the Ukrainian economy, International Monetary Fund European Department Deputy Director Thanos Arvanitis said.

"As we have said in the report, the essential assumption for the program is the non intensification of the conflict. So we have assumed both for macro framework and as you mentioned the growth for 2015 and beyond is that ceasefire agreement holds and there is the flare-ups that we have seen in recent periods do not repeat themselves, and we thing with this, economy not effected directly by the conflict can start been delinked from the conflict," he said at a briefing in Washington on Thursday.