NATO is reportedly creating a new defense bank and planning for potential conflict with Russia

Multiple reports indicate NATO is establishing a new financial institution, often called a 'defense bank,' to fund military preparations. The alliance is also focusing on security in the Arctic region and along its borders with Russia.

Russian officials, including Foreign Minister Sergey Lavrov, have stated they view these moves as NATO preparing for a potential war. NATO military leaders have said there are no plans for a new Arctic mission, but the alliance has scrambled fighter jets in response to Russian military flights over the Baltic Sea.