The relations between Russia and the European Union have reached an all-time low since the modern-day EU came into existence. The frustration that has accumulated over a number of years, surfaced during the Ukraine crisis. As a result, the old model has run out of steam, and the return to a «strategic partnership» that characterized relations during the 1990s and 2000s is no longer possible, and the idea of a «common future» is no longer on the agenda. Nevertheless, a high degree of interdependence remains, and there is a desire to preserve and strengthen economic, cultural and human ties, while it remains necessary to collaborate in response to common challenges. The crisis will pass sooner or later, but what will be the shape of the new model of relations equitable, pragmatic, based on mutual respect yet recognizing differences? And what place will Russia and the EU occupy in the new global architecture of the world, which is becoming increasingly fragmented, unpredictable, less unified and less «European», yet still interdependent?