The European Union remains open to dialogue with Russia, provided that it renounces aggression against Ukraine. This was stated by Josep Borrell, head of European diplomacy, in a publication for the Complutense University of Madrid, in which he analyzes the impact of sanctions on Russia's future.

His paper concludes by stating that for Russia, which for 30 years has been trying to regain its status as a great power, the price of a break with the West will be very high.

In his view, the Russian regime will have to choose political survival "under the Chinese wing". Although China has always understood that integration into the global economy has been the basis of its rise, while Russian President Vladimir Putin makes the opposite choice.

"As for Europe, we remain open to dialogue with Russia, provided it renounces its imperial claims and respects the full integrity of all states, including Ukraine," Borrell added.