NATO Secretary General Stoltenberg pointed out another factor on Monday: the upcoming maneuvers of the Russian nuclear forces. This exercise is called Grom (thunder) and is usually held in October. Shortly before Christmas, however, it was announced that it would be brought forward to the beginning of the year. According to media reports last week, US intelligence coordinator Avril Haines informed members of Congress that the exercise should begin in mid-February. Moscow then usually tests ICBMs launched from submarines and from land, as well as shorter-range systems, all of which can be nuclear-armed in an emergency.
Allianz experts believe that Russia is using the maneuver to create a threatening backdrop to deter the West from intervening in a conflict with Ukraine. It was similar with the attack on Crimea in 2014. At that time, the Russians put their nuclear forces on alert. Strategic bombers patrolled the airspace near the country's western border. It was a signal that NATO understood, although it never considered militarily assisting Ukraine.

