Ukraine welcomes a French-mediated agreement between Russia and Georgia on ending military actions in South Ossetia, the foreign ministry said Wednesday, according to Xinhua.

    All parties involved in the conflict should stick to the ceasefire agreement, the ministry said in a statement.

    The conflict should be settled on the basis of respecting Georgia`s sovereignty and territorial integrity, said the statement.

    Georgia began a military action against South Ossetia`s forces last week in an attempt to re-establish control over the region. In response, Russian troops moved into the region to fight Georgian forces.

    On Tuesday, Russian President Dmitry Medvedev announced an end to military operations in South Ossetia after meeting his French counterpart Nicolas Sarkozy.

    Ukraine expressed grave concern over the escalating conflict in South Ossetia last Friday, calling for a ceasefire.

    South Ossetia, formerly an autonomous region within Georgia, declared independence from Georgia in the early 1990s and it has been controlled by a secessionist government since then. But its independence has not been internationally recognized.