G20 leaders at an October summit in Rome. Countries including China, Brazil and South Africa have been vocal about rejecting measures to remove Russia. AP
G20 leaders at an October summit in Rome. Countries including China, Brazil and South Africa have been vocal about rejecting measures to remove Russia. AP
G20 leaders at an October summit in Rome. Countries including China, Brazil and South Africa have been vocal about rejecting measures to remove Russia. AP
G20 leaders at an October summit in Rome. Countries including China, Brazil and South Africa have been vocal about rejecting measures to remove Russia. AP

Why Russia's G20 standing is not threatened by its military offensive in Ukraine


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The last time Russia invaded Ukraine, in 2014, world leaders removed it from the Group of Eight industrialised nations, which was rebranded as the Group of Seven.

Eight years later, the G7 is holding at seven — a collection of countries that meet to talk through big issues such as trade, economics and security.

This past week, as leaders gathered in Washington for spring meetings involving the International Monetary Fund, World Bank, G7 and the Group of 20, it became apparent that despite Russia's assault on Ukraine, its membership in the G20 is intact.

While Russia has been ostracised by western states, it remains part of the G20 and associated organisations unless members decide that it should go. That appears less likely, as several countries, including China, Brazil and South Africa, have made plain that they will support Russia's membership in the G20, which represents industrial and emerging-market countries.

Why would Russia stay when its presence in the group is unwelcome?

It has much to gain from sowing discord between countries in the forums. A glimpse of this was seen in the past week when Russia blocked the IMF’s advisory committee from issuing a communique condemning its invasion of Ukraine.

Faced with the questions over what to do about Russia’s membership, finance leaders squirmed, dodged, walked out in protest or stayed put.

IMF managing director Kristalina Georgieva, when asked about the prospect of removing Russia from the G20, avoided calling for such a move.

“There are clearly very, very unsettling facts we have to deal with,’’ she said of Russia's aggression. Then she called for focus on the “need for co-operation” to solve world problems.

“Make a list of questions that no country can solve on its own,” she said, “and it’s obvious that co-operation must continue.’’

Nadia Calvino, Spain’s Economy Minister and chairwoman of the IMF advisory committee, said the meeting had “obviously not been business as usual".

To expel Russia would only isolate it and make it more difficult to achieve constructive engagement
Clayson Monyela,
spokesman for South Africa's Department of International Relations and Cooperation

“Russia’s war against Ukraine has made it impossible to come to a consensus on a communique,” she said. The committee “has traditionally worked on the basis of consensus, so when one member breaks away, we cannot reach the agreement that the overwhelming majority of us would have wanted,” she added.

The World Bank said it stopped all of its programmes in Russia and allied Belarus after the invasion in February and has not approved any new investments in Russia since 2014 or in Belarus since the middle of 2020.

The IMF said it has not lent money to Russia in decades and does not support programmes there.

The dispute at the IMF meeting highlighted the problems that government leaders are expected to face in Indonesia in November, when G20 leaders are scheduled to gather in Bali.

US President Joe Biden has called for Russia to be removed from the group, but the US has not said whether Mr Biden would boycott the gathering if Russia participates.

The G20 members are Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the US and the EU. Spain is invited as a permanent guest.

The US and Canada have been the biggest critics of Russia's membership.

US Treasury Secretary Janet Yellen and Canadian Finance Minister Chrystia Freeland were among a number of officials who walked out of a G20 meeting on Wednesday when Russia’s representative began talking.

Ms Freeland took to Twitter to explain why.

“This week’s meetings in Washington are about supporting the world economy — and Russia’s illegal invasion of Ukraine is a grave threat to the global economy. Russia should not be participating or included in these meetings,” she said.

But several countries, including China, Brazil and South Africa, have been vocal about rejecting measures to remove Russia. They said that engagement is more important than isolation in troubled times.

“To expel Russia would only isolate it and make it more difficult to achieve constructive engagement,” said Clayson Monyela, a spokesman for South Africa's Department of International Relations and Co-operation. “South Africa believes it is more useful to keep Russia in and to engage with it to find the lasting peace that we are all yearning for.”

  • A sign that reads 'Children' is fixed on to a car windscreen riddled with bulletholes in Irpin, Ukraine. AFP
    A sign that reads 'Children' is fixed on to a car windscreen riddled with bulletholes in Irpin, Ukraine. AFP
  • A woman weeps next to her husband's coffin at a cemetery in Irpin. AFP
    A woman weeps next to her husband's coffin at a cemetery in Irpin. AFP
  • Residents walk amid debris of a charred Russian tank next to destroyed houses in the village of Zalissya. AFP
    Residents walk amid debris of a charred Russian tank next to destroyed houses in the village of Zalissya. AFP
  • Volunteers distribute food to residents in Zalissya. AFP
    Volunteers distribute food to residents in Zalissya. AFP
  • A man walks past a damaged apartment building in the southern port city of Mariupol. Reuters
    A man walks past a damaged apartment building in the southern port city of Mariupol. Reuters
  • Tamara, 71, cries in front of a destroyed apartment building in Mariupol. Reuters
    Tamara, 71, cries in front of a destroyed apartment building in Mariupol. Reuters
  • Local residents push a cart with a child past destroyed buildings in Mariupol. Reuters
    Local residents push a cart with a child past destroyed buildings in Mariupol. Reuters
  • A record player sits among debris inside an apartment in Mariupol. Reuters
    A record player sits among debris inside an apartment in Mariupol. Reuters
  • Residents carry belongings past a destroyed building in Mariupol. Reuters
    Residents carry belongings past a destroyed building in Mariupol. Reuters
  • Security guards help an injured man following a Russian bombing of a factory in Kramatorsk. AP
    Security guards help an injured man following a Russian bombing of a factory in Kramatorsk. AP
  • A man receives first aid treatment. AP
    A man receives first aid treatment. AP
  • Soldiers collect explosives after recent battles in the village of Moshchun, close to Kyiv. AP
    Soldiers collect explosives after recent battles in the village of Moshchun, close to Kyiv. AP
  • The Komodor logistics park lies in ruins after being bombed and burnt during the Russian invasion near Makarov. Getty Images
    The Komodor logistics park lies in ruins after being bombed and burnt during the Russian invasion near Makarov. Getty Images
  • A room in a kindergarten stands windowless in Makarov. Getty Images
    A room in a kindergarten stands windowless in Makarov. Getty Images
  • A vehicle draped with a Ukrainian flag passes over a war-damaged bridge in Makarov. Getty Images
    A vehicle draped with a Ukrainian flag passes over a war-damaged bridge in Makarov. Getty Images
  • A man sits in a basement that was used as a bomb shelter in the village of Kukhari. EPA
    A man sits in a basement that was used as a bomb shelter in the village of Kukhari. EPA
  • Local residents clean the area around a destroyed farm in Kukhari. EPA
    Local residents clean the area around a destroyed farm in Kukhari. EPA
  • Nadia looks at her husband's coffin at a cemetery in Bucha. He was killed during the war. AFP
    Nadia looks at her husband's coffin at a cemetery in Bucha. He was killed during the war. AFP
  • Mangled buildings in Irpin point to the ravages of the ongoing war. Getty Images
    Mangled buildings in Irpin point to the ravages of the ongoing war. Getty Images
  • A burnt apartment tower in Irpin. Getty Images
    A burnt apartment tower in Irpin. Getty Images
  • Family members grieve during the funeral of Ruslan Nechyporenko, 47, in Bucha. Getty Images
    Family members grieve during the funeral of Ruslan Nechyporenko, 47, in Bucha. Getty Images
  • An abandoned Russian military position in Borodyanka town near Kyiv. EPA
    An abandoned Russian military position in Borodyanka town near Kyiv. EPA
  • Heavily pregnant Dr Marta Kopan, who fled Kyiv with her husband Dr Maxim Motsya and their three-year-old son Makar, narrates their ordeal at a relative's place in Lviv. AP
    Heavily pregnant Dr Marta Kopan, who fled Kyiv with her husband Dr Maxim Motsya and their three-year-old son Makar, narrates their ordeal at a relative's place in Lviv. AP
  • A Ukrainian officer searches for unexploded explosives as he passes by an Antonov An-225, the world's biggest cargo aircraft, destroyed during the war on the outskirts of Kyiv. AP
    A Ukrainian officer searches for unexploded explosives as he passes by an Antonov An-225, the world's biggest cargo aircraft, destroyed during the war on the outskirts of Kyiv. AP
  • A woman stands amid the destruction caused when a civilian building was hit by a Russian missile in Lviv, western Ukraine. Getty Images
    A woman stands amid the destruction caused when a civilian building was hit by a Russian missile in Lviv, western Ukraine. Getty Images
  • Ukrainian soldiers on an armoured personnel carrier, near the front line with Russian troops, in Izyum district, Kharkiv region, north-eastern Ukraine. AFP
    Ukrainian soldiers on an armoured personnel carrier, near the front line with Russian troops, in Izyum district, Kharkiv region, north-eastern Ukraine. AFP
  • Ukrainian refugees arrive at the Siret border crossing between Romania and Ukraine. AFP
    Ukrainian refugees arrive at the Siret border crossing between Romania and Ukraine. AFP
  • Ukranian soldiers in a trench look out across the front line near Kharkiv. AFP
    Ukranian soldiers in a trench look out across the front line near Kharkiv. AFP
  • Cars destroyed in Russian attacks, in Irpin, near Kyiv. The scene of fierce fighting, the town was occupied by Russian forces. Reuters
    Cars destroyed in Russian attacks, in Irpin, near Kyiv. The scene of fierce fighting, the town was occupied by Russian forces. Reuters
  • Damaged and destroyed vehicles at Illich Iron and Steel Works Metallurgical Plant, in an area controlled by Russian-backed separatists in besieged south-eastern city Mariupol. AP
    Damaged and destroyed vehicles at Illich Iron and Steel Works Metallurgical Plant, in an area controlled by Russian-backed separatists in besieged south-eastern city Mariupol. AP
  • Russian military vehicles in an area controlled by Moscow-backed separatists near Mariupol. AP
    Russian military vehicles in an area controlled by Moscow-backed separatists near Mariupol. AP
  • An elderly woman waits do be evacuated from a hospice in Chasiv Yar city, in Donetsk, eastern Ukraine. At least 35 residents have been helped to flee from the region that has been under attack for weeks. AP
    An elderly woman waits do be evacuated from a hospice in Chasiv Yar city, in Donetsk, eastern Ukraine. At least 35 residents have been helped to flee from the region that has been under attack for weeks. AP
  • A Ukrainian Interior Ministry serviceman collects unexploded shells, grenades and mines, following fierce fighting in Hostomel. AP
    A Ukrainian Interior Ministry serviceman collects unexploded shells, grenades and mines, following fierce fighting in Hostomel. AP

South African President Cyril Ramaphosa blamed Nato for the war in Ukraine.

Brazilian Foreign Minister Carlos Franca told a news conference in Brasilia that excluding Russia “doesn’t help us find a solution to the immediate problem that we have”, which is the need to cease hostilities and have Russia and Ukraine negotiate a lasting peace.

Stewart Patrick, director of the international institutions and global governance programme at the Council on Foreign Relations in Washington, said boycotting the G20 would be a mistake on the part of the US.

Rather, he said, “the US should take every opportunity to hammer the Russians and others should take every opportunity to hammer the Russians,” during the meetings.

“Boycotting is not sustainable,” he said. “There should be efforts to try to shame Russia. It would be a mistake for the US to take its ball and go elsewhere because we would leave a hole in the G20 to be controlled by China.”

Chinese Foreign Ministry spokesman Wang Wenbin last month said Russia remains an “important member” of the G20 and no member has the right to expel another.

The G20 should “practice genuine multilateralism, strengthen solidarity and co-operation, and work together to address outstanding challenges in the areas of economics, finance and sustainable development”, Mr Wang said.

Adam Lipsky, senior director of the Atlantic Council’s GeoEconomics Centre, said Russia has the most to gain from the discord that comes from the US calling for its removal.

“By showing up they're potentially derailing the whole G20,” he said of the Russians. “That’s giving them more control than they should have. If the US boycotts, then the G20 falls apart and that’s to Russia’s benefit.”

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

THE SPECS

Engine: 1.6-litre turbo

Transmission: six-speed automatic

Power: 165hp

Torque: 240Nm

Price: From Dh89,000 (Enjoy), Dh99,900 (Innovation)

On sale: Now

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Sunday Arsenal v Brighton (3pm), Everton v Burnley (5.15pm), Newcastle United v Liverpool (6.30pm)

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Red card: Sergi Roberto (Barcelona)

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Dominic Rubin, Oxford

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Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

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Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
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Mansoor Al Shehail won the 50-man Battle Royal

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Rating: 4.5/5

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Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor

Three stars

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 

W.
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(Rotana)

if you go

The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes. 

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.

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Updated: April 24, 2022, 4:30 AM