• A Ukrainian soldier walks past the shell of a burnt military vehicle, on a street in Kiev. AP
    A Ukrainian soldier walks past the shell of a burnt military vehicle, on a street in Kiev. AP
  • A screengrab from CCTV footage shows a missile hitting a residential building in Kiev. Reuters
    A screengrab from CCTV footage shows a missile hitting a residential building in Kiev. Reuters
  • A man inspects a broken window, after shelling carried out by Russian troops in the Ukrainian capital. Reuters
    A man inspects a broken window, after shelling carried out by Russian troops in the Ukrainian capital. Reuters
  • Ukrainian soldiers take positions outside a military centre as two cars burn on a street in Kiev. AP
    Ukrainian soldiers take positions outside a military centre as two cars burn on a street in Kiev. AP
  • Medical specialists transport a woman, who was wounded in the shelling of an apartment building, to an ambulance, as her husband looks on. Reuters
    Medical specialists transport a woman, who was wounded in the shelling of an apartment building, to an ambulance, as her husband looks on. Reuters
  • A woman outside her apartment building after it was damaged by a rocket, in Kiev. AP
    A woman outside her apartment building after it was damaged by a rocket, in Kiev. AP
  • A Ukrainian police officer detains a driver on a street in Kiev. AP
    A Ukrainian police officer detains a driver on a street in Kiev. AP
  • A soldier's helmet with a bullet hole on a street in the Ukrainian capital. AP
    A soldier's helmet with a bullet hole on a street in the Ukrainian capital. AP
  • Ukrainian soldiers walk by a damaged vehicle, at the site of fighting with Russian troops, in Kiev. Reuters
    Ukrainian soldiers walk by a damaged vehicle, at the site of fighting with Russian troops, in Kiev. Reuters
  • Ukrainian policemen move parrots to safety after a high-rise apartment block was damaged by shelling in Kiev. EPA
    Ukrainian policemen move parrots to safety after a high-rise apartment block was damaged by shelling in Kiev. EPA
  • A screengrab from a video shows rescue workers carrying a person at the site of a damaged multi-storey residential building, south-west of the Ukrainian capital. Reuters
    A screengrab from a video shows rescue workers carrying a person at the site of a damaged multi-storey residential building, south-west of the Ukrainian capital. Reuters
  • A building damaged by shelling carried out by Russian troops in Kiev. EPA
    A building damaged by shelling carried out by Russian troops in Kiev. EPA
  • Helga Tarasova comforts her daughter Kira Shapovalova as they wait in an underground shelter during a bombing alert in Kiev. AFP
    Helga Tarasova comforts her daughter Kira Shapovalova as they wait in an underground shelter during a bombing alert in Kiev. AFP
  • A man walks past a building damaged by a rocket attack in the Ukrainian capital. AP
    A man walks past a building damaged by a rocket attack in the Ukrainian capital. AP
  • Emergency services workers near an apartment building damaged by shelling in Kiev. Reuters
    Emergency services workers near an apartment building damaged by shelling in Kiev. Reuters
  • Ukrainian soldiers collect unexploded shells in the capital. AFP
    Ukrainian soldiers collect unexploded shells in the capital. AFP
  • An apartment building damaged by shelling in Kiev. Reuters
    An apartment building damaged by shelling in Kiev. Reuters
  • Debris of a burnt military truck on a street in Kiev. AP
    Debris of a burnt military truck on a street in Kiev. AP
  • Natali Sevriukova stands next to her home after a rocket attack in Kiev, Ukraine. AP
    Natali Sevriukova stands next to her home after a rocket attack in Kiev, Ukraine. AP
  • People on foot and in cars move to cross from Ukraine to Poland at the Korczowa-Krakovets border crossing following the Russian invasion of Ukraine. AFP
    People on foot and in cars move to cross from Ukraine to Poland at the Korczowa-Krakovets border crossing following the Russian invasion of Ukraine. AFP
  • Servicemen from the Ukrainian National Guard in central Kiev. Reuters
    Servicemen from the Ukrainian National Guard in central Kiev. Reuters
  • Ukrainian soldiers in downtown Kiev after Russian troops reached the outskirts of the capital. AP Photo
    Ukrainian soldiers in downtown Kiev after Russian troops reached the outskirts of the capital. AP Photo
  • Police officers detain demonstrators in St. Petersburg, Russia. Hundreds of people gathered in Moscow and St. Petersburg on Thursday, protesting against Russia's attack on Ukraine. Similar protests took place in other Russian cities, and activists were also arrested. AP Photo
    Police officers detain demonstrators in St. Petersburg, Russia. Hundreds of people gathered in Moscow and St. Petersburg on Thursday, protesting against Russia's attack on Ukraine. Similar protests took place in other Russian cities, and activists were also arrested. AP Photo
  • Hungarian troops in Vasarosnameny, close to the border with Ukraine, prepare to help refugees. AP Photo
    Hungarian troops in Vasarosnameny, close to the border with Ukraine, prepare to help refugees. AP Photo
  • Wrecked Russian army rocket launchers in Kharkiv, Ukraine. Reuters
    Wrecked Russian army rocket launchers in Kharkiv, Ukraine. Reuters
  • The aftermath of a rocket attack in Kiev. AP Photo
    The aftermath of a rocket attack in Kiev. AP Photo
  • A US Air Force jet refuels over Poland. Reuters
    A US Air Force jet refuels over Poland. Reuters
  • Devastation after shelling in Ukraine's Luhansk enclave. Reuters
    Devastation after shelling in Ukraine's Luhansk enclave. Reuters
  • The Royal Welsh Battlegroup from the UK makes its way to Estonia. Reuters
    The Royal Welsh Battlegroup from the UK makes its way to Estonia. Reuters
  • Firefighters tackle a blaze in a building in Kiev. AFP
    Firefighters tackle a blaze in a building in Kiev. AFP
  • The wreckage of an unidentified aircraft in a residential area in Kiev. Reuters
    The wreckage of an unidentified aircraft in a residential area in Kiev. Reuters
  • Smoke rises near the Ukrainian Defence Ministry in Kiev. Reuters
    Smoke rises near the Ukrainian Defence Ministry in Kiev. Reuters
  • Russian military helicopters fly over the Ukrainian capital. AP
    Russian military helicopters fly over the Ukrainian capital. AP
  • An anxious wait to board a train to leave Kiev as the attack loomed. AP Photo
    An anxious wait to board a train to leave Kiev as the attack loomed. AP Photo
  • Ukrainian servicemen on tanks in the Donetsk region, eastern Ukraine. AP Photo
    Ukrainian servicemen on tanks in the Donetsk region, eastern Ukraine. AP Photo
  • Ukraine troops said this destroyed armoured vehicle outside Kharkiv belonged to the Russian army. Reuters
    Ukraine troops said this destroyed armoured vehicle outside Kharkiv belonged to the Russian army. Reuters
  • Rescuers at the crash site after a Ukraine armed forces Antonov aircraft was shot down in Kiev, according to the Ukrainian authorities. Reuters
    Rescuers at the crash site after a Ukraine armed forces Antonov aircraft was shot down in Kiev, according to the Ukrainian authorities. Reuters
  • Ukrainian tanks that aim to repel an attack by the Russian military in the Luhansk enclave of Ukraine. AFP
    Ukrainian tanks that aim to repel an attack by the Russian military in the Luhansk enclave of Ukraine. AFP
  • A Ukrainian State Border Guard Service base is ablaze after heavy shelling near Kiev. Reuters
    A Ukrainian State Border Guard Service base is ablaze after heavy shelling near Kiev. Reuters
  • Damaged radar at a Ukrainian military plant outside Mariupol. Officials in Kiev say Russian troops have rolled into the country from the north, east and south. AP Photo
    Damaged radar at a Ukrainian military plant outside Mariupol. Officials in Kiev say Russian troops have rolled into the country from the north, east and south. AP Photo
  • Firefighters attend a blaze after bombing in the eastern Ukrainian town of Chuguiv, as Russian armed forces appeared to be bombarding Ukraine from several directions. AFP
    Firefighters attend a blaze after bombing in the eastern Ukrainian town of Chuguiv, as Russian armed forces appeared to be bombarding Ukraine from several directions. AFP
  • A traffic jam in Kiev, with many Ukrainians leaving their capital after Russian troops entered. EPA
    A traffic jam in Kiev, with many Ukrainians leaving their capital after Russian troops entered. EPA
  • The Border Service of Ukraine released CCTV footage purporting to show Russian military vehicles passing a checkpoint to drive into Crimea. AP
    The Border Service of Ukraine released CCTV footage purporting to show Russian military vehicles passing a checkpoint to drive into Crimea. AP
  • A man picks up fragments of military materiel on the street after an apparent Russian strike in Kharkiv, Ukraine. AP
    A man picks up fragments of military materiel on the street after an apparent Russian strike in Kharkiv, Ukraine. AP
  • Workers load the debris of a rocket on to a lorry in the aftermath of Russian shelling in Kiev. AP
    Workers load the debris of a rocket on to a lorry in the aftermath of Russian shelling in Kiev. AP
  • Emergency staff treat an injured man after bombing in Chuguiv. AFP
    Emergency staff treat an injured man after bombing in Chuguiv. AFP
  • An American woman in distress after crossing the border to flee the violence in Ukraine, in Medyka, Poland. Reuters
    An American woman in distress after crossing the border to flee the violence in Ukraine, in Medyka, Poland. Reuters
  • People take shelter in a Kiev subway station, after Russian President Vladimir Putin authorised a military operation in eastern Ukraine. Reuters
    People take shelter in a Kiev subway station, after Russian President Vladimir Putin authorised a military operation in eastern Ukraine. Reuters
  • People in a rush near Kiev-Pasazhyrskyi railway station in the Ukrainian capital. AFP
    People in a rush near Kiev-Pasazhyrskyi railway station in the Ukrainian capital. AFP
  • A Flightradar24.com screengrab shows a dearth of civilian aircraft in Ukrainian airspace after the Russian invasion. AP
    A Flightradar24.com screengrab shows a dearth of civilian aircraft in Ukrainian airspace after the Russian invasion. AP
  • The aftermath of bombing in Chuguiv. AFP
    The aftermath of bombing in Chuguiv. AFP
  • A Ukrainian rocket launcher vehicle prepares for action. Reuters
    A Ukrainian rocket launcher vehicle prepares for action. Reuters
  • Cars are driven across a field to leave the city of Kharkiv. Reuters
    Cars are driven across a field to leave the city of Kharkiv. Reuters
  • People chant, carry placards and wave Ukrainian flags as they gather in Sydney, to demonstrate against Russian attacks on its neighbour. AP
    People chant, carry placards and wave Ukrainian flags as they gather in Sydney, to demonstrate against Russian attacks on its neighbour. AP
  • People with many of their belongings packed take shelter in a Metro station in Kiev. AFP
    People with many of their belongings packed take shelter in a Metro station in Kiev. AFP
  • Emergency services at the scene of an explosion at a military unit building in Kiev. EPA
    Emergency services at the scene of an explosion at a military unit building in Kiev. EPA
  • A Kiev resident sweeps up debris after Russian shelling. AP
    A Kiev resident sweeps up debris after Russian shelling. AP
  • The first 40 soldiers of the 173rd US Army Airborne Brigade step off a military plane in Latvia. EPA
    The first 40 soldiers of the 173rd US Army Airborne Brigade step off a military plane in Latvia. EPA
  • More damage from shelling in Kiev. AP
    More damage from shelling in Kiev. AP
  • People wait at a bus station to travel to western parts of Ukraine, after violence in the east. Reuters
    People wait at a bus station to travel to western parts of Ukraine, after violence in the east. Reuters
  • A woman carries her cats in a quest for a safe haven. AFP
    A woman carries her cats in a quest for a safe haven. AFP
  • Ukrainian President Volodymyr Zelenskyy holds an urgent government meeting in Kiev to discuss the next step. AFP
    Ukrainian President Volodymyr Zelenskyy holds an urgent government meeting in Kiev to discuss the next step. AFP
  • European Commission President Ursula von der Leyen and foreign policy chief Josep Borrell give a joint statement in Brussels, updating the press about the situation in Ukraine. EPA
    European Commission President Ursula von der Leyen and foreign policy chief Josep Borrell give a joint statement in Brussels, updating the press about the situation in Ukraine. EPA
  • People survey the damage after bombing in Chuguiv. AFP
    People survey the damage after bombing in Chuguiv. AFP
  • A building on fire in Chuguiv. AFP
    A building on fire in Chuguiv. AFP

Business

Money

Russian billionaires lose $39bn in wealth barely 24 hours after Ukraine attack

Benchmark MOEX Russia Index closed 33% lower, the fifth-worst plunge in stock market history

Bloomberg

February 25, 2022

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Live updates: follow the latest news on Russia-Ukraine

Russia’s wealthiest people were already feeling the squeeze from the escalating tension between their nation and Ukraine.

It got much worse for their net worth after Russian President Vladimir Putin’s decision to invade Ukraine. In less than 24 hours, they lost $39 billion — more than they had lost up to that point this year.

The damage was across asset classes. Russia’s benchmark MOEX Russia Index closed 33 per cent lower in Moscow, the fifth-worst plunge in stock market history in local currency terms.

It marked the first time since 1987’s Black Monday crash that a decline of that magnitude hit a market worth more than $50bn.

Meanwhile, the UBS Group triggered margin calls on some wealth management clients that use Russian bonds as collateral for their portfolios after cutting the lending value of some debt from the country to zero. The Swiss wealth manager says it caters to half of the world’s billionaires.

One of the worst security crises in Europe since the Second World War threatens to deepen market declines in the region, but especially in Russia, which has been hit with sanctions by the US and UK.

A handful of billionaires, including Gennady Timchenko, are also subject to penalties for their ties to Mr Putin, although there are calls to widen the list of potential targets.

“There are a lot of people in the US and Europe who want to hit them directly,” Chris Miller, co-director of the Russia and Eurasia programme at Tufts University’s Fletcher School, said of Russian billionaires. “I don’t think there’s any good news in the sanctions for them.”

There are a lot of people in the US and Europe who want to hit them [Russian billionaires] directly
Chris Miller,
co-director of the Russia and Eurasia programme at Tufts University’s Fletcher School

Lukoil chairman Vagit Alekperov suffered the sharpest decline, with his net worth slashed by about a third in a day, falling by about $6.2bn to $13bn, according to the Bloomberg Billionaires Index.

Shares of the Moscow-based oil producer slumped by about 33 per cent on Thursday.

Alexey Mordashov, chairman of steel maker Severstal, lost $4.2bn, bringing his fortune to $23bn.

Vladimir Potanin, president of Norilsk Nickel and currently Russia’s richest person, lost $3bn.

Russian President Vladimir Putin and Volga Group founder Gennady Timchenko, who is now subject to penalties for his ties to Kremlin. Getty
Russian President Vladimir Putin and Volga Group founder Gennady Timchenko, who is now subject to penalties for his ties to Kremlin. Getty
Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The specs: 2017 Lotus Evora Sport 410

Price, base / as tested Dh395,000 / Dh420,000

Engine 3.5L V6

Transmission Six-speed manual

Power 410hp @ 7,000rpm

Torque 420Nm @ 3,500rpm

Fuel economy, combined 9.7L / 100km

Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

Brief scores:

Toss: Australia, chose to bat

Australia: 272-9 (50 ov)

Khawaja 100, Handscomb 52; Bhuvneshwar 3-48

India: 237 (50 ov)

Rohit 56, Bhuvneshwar 46; Zampa 3-46

Player of the Match: Usman Khawaja (Australia)

Player of the Series: Usman Khawaja (Australia)

About%20My%20Father
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELaura%20Terruso%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERobert%20De%20Niro%2C%20Sebastian%20Maniscalco%2C%20Kim%20Cattrall%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%26nbsp%3B%3C%2Fp%3E%0A
Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Brief scoreline:

Manchester United 2

Rashford 28', Martial 72'

Watford 1

Doucoure 90'

While you're here
Wenger's Arsenal reign in numbers

1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.

Updated: February 25, 2022, 6:49 AM
Personal financeEconomyRussiaUkraine