As world leaders gather in Munich this week for their annual security conference, Ukraine will once again take center stage – though mainly because of the two people who won’t be there. Presidents Trump and Putin discussed the war and committed to work towards peace in a phone call, but didn’t commit to involving Ukraine in the talks. Meanwhile, Defense Secretary Pete Hegseth told his counterparts in Brussels that the U.S. had other interests and Europe needed to take care of its own security. A new Council report explains how Europe can do so. To discuss how these transatlantic tensions will play in Munich, Stefan Kornelius and Steven Erlanger join Ivo Daalder in Munich for a special episode of World Review, recording on the sidelines of the year’s most important security conference.