It seems that the majority of Icelanders want to wait until the EU has armed itself and can match the Russian army on its own.

Iceland votes no to EU negotiations. Icelandic voters have voted no to resuming the suspended negotiations for membership in the EU. The result means that the government will not receive a mandate to resume negotiations with the EU Commission.
The vote has taken place, among other things, against the backdrop of a changed security policy situation in Europe. US President Donald Trump's threat to take control of Greenland has given the EU issue a new security policy dimension. See the feature on SVT Nyheter.
A setback for Brussels. Iceland's refusal to revive negotiations with the EU is a setback for Brussels. See the feature on SVT Nyheter.