On Friday, Ukrainian President Petro Poroshenko signed an historic agreement with the EU involving trade to the region.
Poroshenko signed a free-trade agreement with the EU and former Soviet republics Georgia and Moldova, according to The Guardian.
"We are talking about possible sanctions against Russia but we do not have to introduce sanctions for the sake of sanctions. We do have a need for a dialogue. I hope this dialogue will take place and we will have a real ceasefire," Poroshenko told a news conference in Brussels, according to Reuters.
The European Union could impose more sanctions on Moscow, depending on escalating tensions by Ukrainians rebels. The sanctions would impact both people and companies. There are 60 names already on the list.
It is a pivotal agreement with the EU that was signed after the Ukraine’s former president refused to sign. Former President Victor Yanukovich was eventually forced into exile.
Fighting in the Ukraine has escalated since May, and the region has closely been monitored by American forces and members of the United Nations.