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beyondukraine.euandrussiainsearchofanewrelation

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Conclusions. What Policy Actions for the EU? 113<br />

issue would help rebuild at least some level of trust. In a nutshell,<br />

as Luca Ratti maintains in chapter 3 “… there will certainly not be<br />

a secure continent without a comprehensive reconciliation with<br />

Russia”.<br />

Such a comprehensive reconciliation must inevitably take into<br />

account the historical sensitivity of Eastern European countries<br />

towards Russia – with special attention to Poland’s, as highlighted<br />

by Stepan Bielanski in chapter 4 – but without jeopardizing the<br />

necessary strategic cooperation with Moscow. In the last two<br />

years, indeed, a kind of unofficial coalition including not only<br />

Poland and the Baltic States, but also Russoskeptics in Britain,<br />

Sweden, and other countries has influenced the EU’s attitude<br />

toward Russia. However Germany too, and consequently other<br />

states of “Old Europe”, have taken a tougher stance vis à vis<br />

Moscow. A more balanced approach is probably needed to support<br />

the EU’s economic and strategic interests.<br />

On the other hand, despite the strategic importance of acquiring<br />

the Crimea and great domestic support for it, Putin too should feel<br />

strongly motivated to get out of today’s trap of political isolation<br />

and the progressive economic decline of his country. One should<br />

note that this economic decline does not primarily stem from the<br />

Western sanctions or the recent fall of oil prices. Russia’s<br />

economy is overly dependent on exports of raw materials and still<br />

awaits deep structural reform. It is vital for Moscow to restart and<br />

invest in the partnership with Europe and the West, also with the<br />

view to modernizing its economy.<br />

Clearly, the current crisis between Russia and the West has<br />

wide-ranging geopolitical implications. Faced with political and<br />

economic pressures from the US and the EU, Russia is<br />

increasingly tilting towards China. However, as the balance of<br />

power between China and Russia continues to shift in favor of the<br />

former, Moscow risks becoming a junior partner of Beijing.<br />

A deep and long-term alienation from Russia may turn out to<br />

be dangerous for both the US and the EU. Indeed, Sino-Russian<br />

economic integration and political alignment may force the EU to

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