The MoD states that its principal objectives are to defend the United Kingdom of Great Britain and Northern Ireland and its interests and to strengthen international peace and stability. With the collapse of the Soviet Union and the end of the Cold War, the MoD does not foresee any short-term conventional military threat; rather, it has identified weapons of mass destruction, international terrorism, and failed and failing states as the overriding threats to Britain's interests. The MoD also manages day-to-day running of the armed forces, contingency planning and defence procurement.