The International Monetary Fund has pledged to provide Ukraine with up to $18 billion in loans.
But the country must enact tough economic reforms in exchange.
The IMF says the $14 to $18 billion it will provide will combine with contributions from the international community to total up to $27 billion in total assistance in the next two years.
Without the IMF-mandated austerity measures, Ukrainian Prime Minister Arseniy Yatsenyuk told parliament Thursday Ukraine's economy could contract by 10 percent this year. He said the country is on the brink of "economic and financial bankruptcy."