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DEBATES

What should be done to solve Ukrainian crisis?

European Union leaders were set to warn but not sanction Russia over its military intervention in Ukraine after Moscow rebuffed Western diplomatic efforts to persuade it to pull forces in.

Political leaders from around Europe and the world have had crisis talks for days in order to find the best way to deal with Russia over the divided country and prevent further escalation.
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The crisis began in November when Ukrainian President Viktor Yanukovich, under strong Russian pressure, turned his back on a far reaching trade deal with the EU and accepted a €10 billion bailout from Moscow. That prompted three months of street protests leading to the overthrow of Yanukovich on February 22.

Boris Tarasyuk, the Ukrainian government´s special envoy for Crimea, told the foreign affairs committee on Monday that Ukraine needed the EU to sign the association agreement as quickly as possible. He called Russia´s action "both intervention and aggression" and voiced his gratitude for MEPs´ solidarity.

The EU earlier offered 11bn euros of aid to Ukraine 

The European Union announced Wednesday it will offer Ukraine at least €11 billion in aid as the country struggles with dwindling cash and a military standoff with Russia. European Commission President Jose Manuel Barroso said the package of loans and grants over the next couple of years was "designed to assist a committed, inclusive and reforms-oriented government" in Kiev.

The package of support to Ukraine sets out the main concrete measures that the Commission is proposing for the short and medium term to help stabilise the economic and financial situation in Ukraine, assist with the transition and encourage political and economic reform.

Experts have been predicting Ukraine could default this month on its billions of dollars in debts. The country owes roughly €10 billion in debt this year.

Most people in Kharkiv want nothing but peace. However, the metropolis in Ukraine´s east, close to the Russian border, has recently seen violent protests aimed at the new regional government. Tensions are running high.

EU leaders are to begin an emergency summit to decide how strongly they should respond to Russia´s troop deployment in Ukraine´s Crimea region.


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