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Jacob Wallenberg.
Wallenberg: "We're not ready for peace"
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Published 13 February 2026 at 07.55

Domestic. He has made billions from the Ukraine war and the Swedish NATO entry. Now the gun oligarch Jacob Wallenberg warns of the many negative consequences of there being risks peace

Europe is at risk of losing momentum in the rearmament if the war in Ukraine ends.

That warning came from Investor Chairman Jacob Wallenberg during the Swedish-Finnish summit Hanalys 2026 outside Helsinki, Samnytt reports.

"Most of us are not so well prepared for a potential peace and all that it entails," Wallenberg said.

The oligarch sounded the alarm that a peace can create new political priorities that slow the defense efforts.

We are where we are today because of self-righteousness. We thought the world was a nice place. I think we've learned that it isn't. History teaches us that there is always someone on stage, and that we must therefore continue to invest in our own defense, Wallenberg said, stating that the United States will not pay for European defense in the future.

And we have a long way to go.

Wallenberg describes a possible peace as the beginning of a "very difficult" and "enormous" work.

There is a lot that needs to fall into place before then.

At the same time, he expresses concern that the multi-billion bets now being made on defence can be questioned whether the weapons are silenced in the trenches of Ukraine.

We all know what happens when peace comes. We will have long discussions that money is needed for other things and so on,” says Jacob Wallenberg.

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Pope warns of Orwellian news
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In a speech, Pope Leo XIV stressed the significance of freedom of expression and warned at the same time that the “mark of words is becoming increasingly fluid” and even “a weapon” used to deceive or punish opponents.

It was in its first major speech to the ambassadors about the state of the world that the pope spoke of war, multilateralism and human rights, but also the importance of words and language.

Some of the speech devoted the pope to warn about how “a new Orwellian language is developing” which, even if it claims to be inclusive, ultimately excludes those who do not adapt.
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The Pope also said that “freedom of expression is guaranteed precisely by the certainty of language and the fact that every term is rooted in the truth.” At the same time, he noted that the scope for genuine freedom of speech is shrinking rapidly in the Western world.

Words mean he must be used to once again “express clear and clear realities”, something that is of the utmost importance to be able to engage in a “genuine dialogue”.
1984

With “Orwellian” refers to the type of language that George Orwell warned about in his 1946 essay. He argued that political writing often turns concrete realities into airy generalizations. Orwell dramatized the same idea in 1984 with “newspeak”, a controlled vocabulary designed to shrink what people might say.

The pope also condemned jihadist violence and addressed the persecution of Christians and called it “one of the most widespread human rights crises today, affecting over 380 million believers worldwide.”