Ukraine will speed up the work on the conditions on which it is ready to sign an Association Agreement with the EU and is hoping to complete this work before the next Ukraine-EU summit, which is scheduled for March 2014, Ukrainian President Viktor Yanukovych said.

"We have sent the government a task to speed up this work […] As soon as we reach an understanding and such a compromise is achieved, it will be signed," Yanukovych said during a meeting with the three previous presidents of Ukraine in Kyiv on Tuesday.

A government delegation led by Fist Deputy Prime Minister Serhiy Arbuzov will leave for Brussels to discuss these conditions on Wednesday, Yanukovych said.

"Our purpose is very simple: we want to get conditions that will satisfy Ukraine, Ukrainian commodity producers, and the people of Ukraine now," he said.

"These questions will only be answered when we conduct these negotiations, when we tell each other the truth. If the conditions don't satisfy us, we will demand changes, we will defend our interests… We need to minimize the risks for our economy," Yanukovych said.