The EU failed to counter Putin and needs to now strike flexible alliances across the world and search for new friends, current and former leaders told CNBC.
Stubb, who also served as finance and foreign affairs minister of Finland, said that the war in Ukraine has ignited a bigger debate about the new global world order.
In order to achieve its foreign policy aims, the EU may have to look beyond the United States, with Borrell saying the bloc needed to work out how "we engage with everybody in the world in order to explain what's going on in Ukraine."This is where the EU will have to "be a bit more flexible" in its thinking, Stubb said, suggesting that flexible alliances are the answer going forward.
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