Munich Security Conference
The Arctic is an arena of incredible global competition, says Alina Polyakova

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On NATO more broadly, Polyakova says Trump’s pressure has cut both ways, strengthening European defense spending while raising doubts about Article V, which ultimately rests on trust.
Turning to Ukraine, she cautions that Russia’s war is not about territory, but about weakening Europe through a widening “shadow war” of sabotage and cyberattacks. Still, she sees long-term opportunity: Ukraine could become Europe’s defense industrial base, fueling innovation, human capital, and economic growth.
This conversation is presented by GZERO Media in partnership with Microsoft. The Global Stage series convenes global leaders for critical conversations on the geopolitical forces reshaping our world.
Tune in on Saturday, February 14th at 12pm ET/6pm CET for the live premiere of our Global Stage from the 2026 Munich Security Conference, where our panel of experts takes aim at the latest global security challenges.
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Every year, the Munich Security Conference, the world’s leading forum on international security, releases data that sheds light on how citizens view global risks.
The US government reportedly plans to fund MAGA-aligned groups in Europe. The stated aim is to oppose European laws on online speech.