• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Europe sent its gold to the U.S. for safekeeping during World War II. Central banks are now reshuffling their reserves for a new era of uncertainty

2

No wonder the White House wants Warsh to cut: A 1% Fed rate hike costs the Treasury an extra $95 billion a year in national debt interest

3

Zuckerberg spent years building on Apple’s terms. His $100 billion-plus AI bet is about owning everything

1

Europe sent its gold to the U.S. for safekeeping during World War II. Central banks are now reshuffling their reserves for a new era of uncertainty

2

No wonder the White House wants Warsh to cut: A 1% Fed rate hike costs the Treasury an extra $95 billion a year in national debt interest

3

Zuckerberg spent years building on Apple’s terms. His $100 billion-plus AI bet is about owning everything
PoliticsEnvironment

Trump’s threats to take Greenland, and Russia’s growing military, are pushing the EU to expand its Arctic presence

By
Lorne Cook
Lorne Cook
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Lorne Cook
Lorne Cook
and
The Associated Press
The Associated Press
Down Arrow Button Icon
October 20, 2026, 12:07 PM ET
A supply ship, operated by Royal Arctic Line A/S, the first to arrive after the break-up of sea ice in the town of Qaanaaq, northwestern Greenland.
A supply ship arrives in Qaanaaq, Greenland, after the breakup of sea ice in July 2026, as the EU looks to expand its Arctic presence amid growing geopolitical tensions.uliette Pavy/Bloomberg via Getty Images
Google source logo
Add Fortune on Google for similar content.

The European Union laid out a plan on Tuesday to increase its footprint in the Arctic as global warming, conflict and competition for energy resources and critical minerals pose fresh challenges.

Recommended Video

The EU move comes after threats from U.S. President Donald Trump to take control of Greenland, a self-governing territory of Denmark, and after he left Iceland uneasy by posting a map with the colors of the American flag over both islands.

Other pressures are mounting as the Arctic warms about four times faster than the global average. New shipping routes are opening, China is doing more trade through the Arctic region, and a Russian military buildup is also heightening security concerns.

“When we see that sovereignty, territorial integrity and the rules that have underpinned stability in the region can no longer be taken for granted, we have to act and change our strategic posture,” European Commission President Ursula von der Leyen said.

The EU wants to help set up a cable center to monitor, protect and repair undersea communications cables in the North Atlantic and Arctic. Russian submarines are suspected of planning to sabotage some marine infrastructure there.

EU funds would be spent on cameras, sensors and satellites to detect potential threats.

At the same time, the European Commission intends to “support the delivery of a sovereign, secure, and resilient submarine cable” that would connect Greenland directly to the EU, according to a new strategy document.

The cable monitoring operation would be part of a larger Maritime Security Hub the 27-nation bloc intends to set up to track the often-decrepit vessels that Russia uses in its shadow fleet to illicitly ship oil and raise funds for its war on Ukraine.

This hub would also be on the lookout for illegal fishing or pollution and help in search and rescue efforts.

In parallel, the EU wants to build up its fleet of icebreaker ships to move more effectively through the Arctic and expand research. Officials estimate that Europe has around 10 icebreakers, most of them in Finland. By comparison, Russia has around 40.

More broadly, transport connections between the Arctic and Europe will be improved, for both civilian and military use.

A key part of the EU’s plan is to link European infrastructure like ports, rail connections, energy terminals, satellite and digital infrastructure to Arctic trade and transport networks, with the aim of better connecting the region to Europe’s markets.

The EU believes it has an important stake in the Arctic. More than half a million EU citizens live there. Denmark, Finland and Sweden are members of the bloc, while Iceland and Norway are part of Europe’s single market.

It also intends to work closely with partners like Canada and the U.K.

At the same time, the EU insists it’s not trying to claim the Arctic as its own. It does not intend to drill for oil or gas and refuses to buy fossil fuels that are extracted there, including from its partner Norway.

Fortune Daily breaks the traditional barrier between audience and newsroom. The show transforms Fortune’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. Watch here.
About the Authors
By Lorne Cook
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Google source logo
Add Fortune on Google for similar content.

Latest in Politics


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Recommended For You

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.