Due to Russia’sconflict with Ukraine and its annexation of Crimea, the ambience of Europe iscompletely changed. Not only has it shown that Europe’s efforts of transparencyhave failed but its security system which is considered to be one of the moststable systems has crashed. Hence, the European Union is focusing on neutralizingthe crisis in Ukraine and ensuring a secure and substantial future for all itscitizens.The EU has imposedmultiple sanctions over the past few years. They include restriction of accessto financial markets for Russian enterprises, ban on exports to Russia ofdesignated high technology oil exploration and production equipment, ban onexports to Russia of designated military and dual use goods. The EU hasprolonged its trade sanctions until 2018 which bans all imports from Crimea andexports to the peninsula that relate to transport and restricts access tointernational money markets along with asset freezes and travel banks ofunnamed Russians.
The European Union strongly condemns Russia’s violation ofUkrainian sovereignty and territorial integrity.Possible solutions forthe crisis are:· Ukraine must be willing to enter intoeconomic alliance with EU and Russia in an unbiased manner and preventingarbitrage.· Creating a platform for the youth of thepopulations of the European nations to discuss their idea regarding the issue.Such meetings must be held regularly to promote a understanding among thepeople which is necessary for the safe future of the EU.
· Upon convention ofstates invovled and with the lead of OCSE, unauthorized armed groups should bedisarmed. Therole of the European Union is to actively engage in supporting and assisting inthis substantial reform effort. The end goal is for Ukraine to come out ofthe current crisis as a showcase of successful reforms which will benefit thepeople and change their lives for the better.