 Michel Fouchier, thank you very much for being with us at WPC, your former French ambassador, your expert on geopolitics, and particularly on Russia. With Vladimir Putin, I suppose, one has a new Tsar. What is the future of Russia? What are the future relations between Russia and the United States? I think it's a stage today and for the next three, four years of no relations, which is wasted time. Russia is facing a dilemma about its role in globalization. Among the major so-called brick or emerging countries where Russia doesn't fit really well, but they like that to be in the brick, this is a country in my view which takes less benefit from globalization. So there are playing muscles of big powers back based on military forces, military intervention in Syria, efficient diplomacy, they are the only one able to talk in the same weeks with King Salman, Putin in Tehran, and Minister of Defense Shoigu in Israel. Nobody is able to do that today except Russia and maybe China, but China only for business. They are doing diplomacy. So new military power, always traditional efficient diplomacy, and very weak economic basis. And will the economic base become worse? Because in a world when a car industry will decline, the oil advantage, the energy asset of Russia will diminish, let's say in the mid-long term, 20 years time. So there is a real problem for Russia, you know, contradiction, which is nothing new. It was the case already in the 18th century, structural internal problem of Russia. They want to be recognized as a big player, but they don't have the fundamentals of being a big player, which is strong economy and strong institution. And whatever you can say about Putin, he's a strong president, but he destroys institutions. And he is not interested by economic strength, except exporting nuclear device, weapons and oil and gas. So the new factor for Russia is China. And there will be never a military alliance between Russia and China. So my thesis is that we have to talk more, we in the European Union with Russia, because we are facing common challenges, terrorism, the Middle East, China rise, which is both threat and opportunity, and to adapt to globalization. So I think we should look at the mid-term, beyond sanction policy, and resume what we did in the past. I think the exit of the Cold War failed. This time we have a very narrow margin of error, taking into account two facts, Chinese rise, and no, not in economic terms, since the last Congress. It's about politics. And on the other side, beyond Trump, there is a trend to retreat from international affairs because the cost is too heavy, and the sheriff has put his star on the table. So Russia and Europe should maybe start to discuss again. Makes a lot of sense. Michel Foucher, thank you very much. Thank you. Thank you.