The present paper is an update of an earlier research paper on diversity and tolerance in the context of Euro 2012 and the situation of right-wing extremism in Ukraine, and focuses on prevention strategies (including institutions and counterparts). Issues of tolerance and growth of right-wing extremism are analyzed in this paper in the context of co-hosting the European Football Championship in 2012 (Euro 2012) in Ukraine and the upcoming parliamentary elections in Autumn 2012. The paper mainly emphasizes the potential for improvement in the areas of diversity and tolerance which, in their turn, will have a positive influence on labor and social standards, human rights, environment, healthy lifestyle, transparency and openness. And these will enhance the infrastructural, economic, investment and commercial perspectives of the country.