Ukrainian President Volodymyr Zelenskyy, left, and German Chancellor Olaf Scholz shake hands after a press conference at the event in Berlin on Tuesday. AP
Ukrainian President Volodymyr Zelenskyy, left, and German Chancellor Olaf Scholz shake hands after a press conference at the event in Berlin on Tuesday. AP
Ukrainian President Volodymyr Zelenskyy, left, and German Chancellor Olaf Scholz shake hands after a press conference at the event in Berlin on Tuesday. AP
Ukrainian President Volodymyr Zelenskyy, left, and German Chancellor Olaf Scholz shake hands after a press conference at the event in Berlin on Tuesday. AP

Zelenskyy appeals for air defences at Ukraine Recovery Summit in Berlin


Gillian Duncan
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Volodymyr Zelenskyy appealed for more air defences to shield Ukraine’s battered energy grid at a conference on Tuesday to rally support for its recovery from destruction wreaked by Russia.

The two-day Ukraine Recovery Conference in Berlin is bringing together 2,000 people from politics, business and other areas, who are arguing that the task of supporting the country’s recovery is too big for governments alone.

Ukraine’s power grid has been a frequent target of Russian attacks, forcing energy companies to institute rolling power cuts nationwide.

"Russia's greatest strategic advantage over Ukraine is superiority in the sky," Mr Zelenskyy told the forum. "It is missile and bomb terror that helps Russian troops advance on the ground. Air defence is the answer."

Opening the conference, German Chancellor Olaf Scholz had earlier on Tuesday also urged allies to provide more air defence for Ukraine.

"I would like to make a heartfelt plea to everyone here today: please support our initiative to strengthen Ukraine's air defence with everything that is possible," Mr Scholz said.

"The best reconstruction is the one that doesn't have to take place at all."

Dignitaries attending the 2024 Ukraine Recovery Conference in Berlin on Tuesday. Getty Images
Dignitaries attending the 2024 Ukraine Recovery Conference in Berlin on Tuesday. Getty Images

Germany has contributed three Patriot air defence systems to Kyiv, while Mr Zelenskyy said a total of seven Patriots were needed for Ukraine to protect its urban centres from Russian missiles.

Russian aerial attacks have already destroyed half of the country's electricity production capacity since winter, said Mr Zelenskyy.

Ukraine's state power operator said it was extending scheduled power cuts around the country because of increased consumption and "extensive damage" to the network.

Mr Zelenskyy said, in the coming month, Ukraine needs equipment for heating and electricity plants that are currently out of action. “This will allow us to respond to the situation here and now,” he said.

The Ukrainian leader said nine gigawatts of electricity-generating capacity have been destroyed – including 80 per cent of thermal power and one third of hydroelectric power – while the peak consumption in Ukraine last winter was 18 gigawatts. Energy, he said, continues to be “one of [Russian President Vladimir] Putin’s main targets”.

A man uses his phone torch during a partial power cut in Kyiv. Reuters
A man uses his phone torch during a partial power cut in Kyiv. Reuters

Looking beyond Ukraine's immediate problems, Mr Zelenskyy said foreign investment in energy would be mutually beneficial.

“Ukraine has all the natural foundations for modern energy but without your financing and investments we won’t be able to realise this,” he said.

“This is not about grants but about high-yield investments for your companies, about a large market for your equipment, about loan programmes for your institutions,” all of which could create tens of thousands of new jobs, he added.

The Berlin conference also focuses on support for reforms that Ukraine has embarked on in its bid to join the EU.

On Monday, the head of the State Agency for Restoration of Ukraine, Mustafa Nayyem, announced his resignation on Facebook. He cited “systemic obstacles that prevent me from exercising my powers effectively” and accused the government of bogging his agency down in red tape.

Ukraine has not had a minister dedicated to reconstruction since Oleksandr Kubrakov was dismissed in May. Mr Nayyem complained that Ukraine’s Prime Minister Denys Shmyhal had barred him from attending the Berlin conference.

After almost a year of stalemate, Ukraine has been forced to abandon dozens of frontline settlements this spring, with Russian troops holding a significant advantage in manpower and resources.

Ukraine's Defence Ministry said on Tuesday its forces had downed a Russian Su-25 jet a day earlier in the eastern Donetsk region, where Moscow has concentrated its firepower in recent weeks.

Ukrainian prosecutors in the industrial region, which the Kremlin claimed to have annexed in late 2022, meanwhile said five people had been wounded in an overnight Russian strike in the frontline town of Kostyantynivka.

ELIO

Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett

Directors: Madeline Sharafian, Domee Shi, Adrian Molina

Rating: 4/5

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

THE BIO

Favourite book: ‘Purpose Driven Life’ by Rick Warren

Favourite travel destination: Switzerland

Hobbies: Travelling and following motivational speeches and speakers

Favourite place in UAE: Dubai Museum

Updated: June 11, 2024, 2:49 PM