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The unravelling of the post‐Cold War security order in Europe was both cause and consequence of the crisis in Ukraine. The crisis was a symptom of the three‐fold failure to achieve the aspirations to create a ‘Europe whole and free’ enunciated by the Charter of Paris in 1990, the drift in the European Union's behaviour from normative to geopolitical concerns, and the failure to institutionalize some form of pan‐continental unity. The structural failure to create a framework for normative and geopolitical pluralism on the continent meant that Russia was excluded from the new European order. No mode of reconciliation was found between the Brussels‐centred wider Europe and various ideas for greater European continental unification. Russia's relations with the EU became increasingly tense in the context of the Eastern Partnership and the Association Agreement with Ukraine. The EU and the Atlantic alliance moved towards a more hermetic and universal form of Atlanticism. Although there remain profound differences between the EU and its trans‐Atlantic partner and tensions between member states, the new Atlanticism threatens to subvert the EU's own normative principles. At the same time, Russia moved from a relatively complaisant approach to Atlanticism towards a more critical neo‐revisionism, although it does not challenge the legal or normative intellectual foundations of international order. This raises the question of whether we can speak of the ‘death of Europe’ as a project intended to transcend the logic of conflict on the continent.

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President Vladimir Putin's foreign policy can be characterized as a ‘new realism’, repudiating some of the exaggerated ambitions of Yevgeny Primakov's tenure as foreign minister in the late 1990s while asserting Russia's distinctive identity in world politics. Rather than acting as a classic ‘balancing’ power prescribed by classic realist theory as the response to the hegemonic power of a single state, Russia under Putin tended to ‘bandwagon’ and the country has been a vigorous ‘joiner’. Putin insisted that Russia retains its ‘autonomy’ in international politics while moving away from earlier ideas that Russia could constitute the kernel of an alternative power bloc. However, the opportunity to integrate Russia into the hegemonic international order may have been missed because of what is seen in Moscow as the resolute hostility of groups in the West who continue to pursue Cold War aims of isolating and containing Russia. The Cold War was transcended in an asymmetrical manner, and this has given rise to four major failures: political, strategic, intellectual and cultural. The world faces the danger of the onset of a new era of great power bloc politics, thus restoring a Cold War structure to the international system. With none of the major strategic issues facing the international community at the end of the Cold War yet resolved, we may be facing a new twenty years’ crisis.