President Putin has called for talks to discuss "statehood" for eastern Ukraine, reports GHN based on BBC.
He said the issue needed to be discussed to ensure the interests of local people "are definitely upheld".
His comments came after the EU gave Russian a one-week ultimatum to reverse course in Ukraine or face sanctions.
Russia denies Western accusations that its forces have illegally crossed into eastern Ukraine to support separatists there.
Speaking to Russian TV, Mr Putin said it was "impossible to predict" the end of crisis.
He dismissed the EU's threat of further sanctions, accusing the EU of "backing a coup d'etat" in Ukraine.
