Russian President Vladimir Putin has been nominated for a 2014 Nobel Peace Prize, but the ongoing conflict between Russia and Ukraine will likely be taken into consideration.

A record 278 candidates, including 47 organizations, received nominations for the 2014 prize, said the Norwegian Nobel Institute's director, Geir Lundestad. 

According to Lundestad, part of the purpose of the first committee meeting is to take into account recent global events. 

Russia seized control of Ukraine's Crimea region after President Viktor Yanukovich was ousted on Feb. 22, prompting the most serious confrontation between Moscow and the West since the end of the Cold War.