Despite the sympathy for Vladimir Putin’s Russia expressed by much of the European far right (EFR), the question of Europe and Russia has for decades represented a considerable ideological challenge for it. This essay examines the ways in which this challenge is addressed in the work of the French intellectual Guillaume Faye (1949-2019), one of the EFR’s most influential theoreticians. Faye’s writings reveal the full scope of the far right’s ambivalence toward Russia, identifying it alternatively as a mortal enemy of the pan-European project, a potential strategic ally that despite its non-European character was vital for Europe’s purposes of resisting the American behemoth, or finally as a thoroughly European country and an essential part of the European “bio-culture.” In order to support these various positions, Faye deploys alternative ideological narratives, one based on geopolitics and the other on the precepts of ethnopolitics. This particular ideological juxtaposition has a deep history in the thinking of the EFR, and Faye’s polemics reveal how it has become intertwined with the special complexities of the Russia problem.