This is an outstanding, must-read essay published by Fondation Robert Schuman – The Research and Studies Center on Europe.
The essay proposes five strategic priorities for Europe to strengthen her policy towards Russia, recognizing that under Putin, Russia will be Europe’s competitor.
I must say that this essay has caused me to reconsider my own views. I have been critical of the effectiveness of economic sanctions on Russia. I suppose that I had hoped simplistically that Russia would want to return to her policy of opening the Russian economy to Western investment – this would provide ordinary Russians with the greatest chance at economic prosperity, after all look at modern China.
I still have some deep doubts. Firstly, I’m not convinced that Putin can ignore the needs of the Russian people indefinitely. Secondly, I’m not convinced that Europe wants to throw a massive amount of money into the Ukraine – in many respects the Ukraine would be a bigger risk than Greece.