Relations between Russia and the West have reached their lowest point since the Cold War. Unfortunately we cannot be sure that they won’t deteriorate even further. It is time to start to mend ties, but the only consensus view shared by both sides is that business as usual is not an option. The relationship cannot be restored; it should be rebuilt. To do this, we first need to reassess the entire international atmosphere, what happened to the relationship, and how it can be transformed based on new realities.