With an estimated 100,000 Russian troops camped on the Ukrainian border, there has never been a more urgent need for Russian and Nato leaders to find a way to resolve their differences.
Even though the Kremlin has consistently denied that it has any plans to invade Ukraine, and that the troops massed on its southern neighbour’s border are undertaking a routine military exercise, concerns persist as to the Russian force’s ultimate objectives.
Speculation has been mounting that Russia is preparing to launch a full-scale invasion of Ukraine since Moscow first began deploying its forces near Ukraine in November, with some analysts predicting that the offensive would take place this month.
Washington is now warning that the operation has only been delayed because the region has experienced an unusually mild winter, prompting US President Joe Biden to order a team of meteorologists to help forecast when a possible Russian invasion might take place. US officials have reported that the relatively mild weather makes a January invasion now unlikely, with large areas across the border and near the frontline constituting a muddy quagmire, providing less-than-ideal conditions for fighting.
Hopes of de-escalating tensions in the area have not been helped, though, by the Russian decision earlier this week to move helicopters and fighter jets towards the Ukrainian border.
The move follows Russia’s recent military intervention in Kazakhstan, labelled a "peacekeeping" mission by Moscow, which is being seen as a clear demonstration of the Kremlin’s willingness to act in decisive fashion when it comes to defending what it believes to be its overseas interests.
The increased activity on the Ukrainian border has certainly increased tensions at a time when intensive diplomatic efforts are underway to de-escalate the situation, with Russian and Western officials engaging in a series of high-level talks throughout the week.
A satellite image shows a Russian battle group deployment in the Kursk Training Area, Russia, on December 21, 2021. Reuters
Russian forces in Soloti, Russia, on September 7, 2021. Reuters
A satellite image shows Russian forces in Soloti, Russia, on December 5, 2021. Reuters
Russian forces in Soloti, Russia, on September 7, 2021. Reuters
A satellite image released by Maxar Technologies shows Russian armoured units training in the Pogonovo Training Area near Voronezh, Russia, on November 26, 2021. Reuters
A satellite image released by Maxar Technologies reportedly shows Russian ground forces deployed at the Opuk Training Area on December 22, 2021. AFP
Russian ground forces deployed at the Opuk Training Area on December 22, 2021. AFP
A satellite image of a Russian troop location in Soloti, Russia, provided by Maxar Technologies and taken on December 5, 2021. AP
A Russian troop location in Bakhchysarai, Russia. AP
The talks have been convened after Russia set out a contentious set of demands at the end of last year, which sought to limit any extension of Nato influence in nations, such as Ukraine, that were formerly members of the Soviet Union.
Top of Moscow’s demands was that Nato provide a commitment that the likes of Ukraine and Georgia – another former Soviet state – would never be allowed to join the Nato alliance. In addition, Russia is calling on Nato to limit its military operations in eastern Europe, which Moscow views as a direct threat to its own security.
Tensions between Russia and the West have been steadily on the increase since Moscow’s 2014 military action against Ukraine, which resulted in the capture and annexation of Crimea, a move that has resulted in Moscow being subjected to wide-ranging sanctions.
Ukraine currently enjoys partner status with Nato, and Ukrainian President Volodymyr Zelenskiy has expressed interest in becoming a full Nato member, a move which would commit the alliance to protecting Ukraine’s sovereign integrity.
Another important factor in the dispute is that, under the terms of the 1994 Budapest Memorandum that Ukraine, together with Belarus and Kazakhstan, signed with the Organisation for Security and Co-operation in Europe (OSCE), the West agreed to provide the country with security guarantees in return for Kiev giving up its nuclear weapons.
Nato Secretary General Jens Stoltenberg in Brest. AP
But any attempt by Ukraine to press for Nato membership will be fiercely resisted by Mr Putin, who regards Ukraine as historically falling within Moscow’s sphere of influence and is bitterly opposed to the move.
Nor is the Ukraine issue the only one driving the recent increase in tensions between Moscow and the West. Apart from seeking to limit Nato from continuing its expansion in eastern Europe, a process that began with the fall of the collapse of the Soviet Union, Western diplomats believe Russia’s conduct on Ukraine’s border is also aimed at getting sanctions on its economy lifted. Moscow is also pressing for Europe to give approval for the controversial Nord Stream 2 gas pipeline, which runs from Russia to Germany, to become operational.
Hopes of any immediate breakthrough in the stand-off, though, have so far failed to materialise following four hours of talks between Nato and Russian officials in Brussels which ended on Wednesday with Western leaders flatly rejecting Moscow’s demands for no further expansion of alliance membership and the withdrawal of Nato forces from Eastern Europe.
Following the meeting, which followed a previous session of bilateral talks between the US and Russia, Nato Secretary-General Jens Stoltenberg said the allies were adamant they would not accede to Russia’s demand for a guarantee that Ukraine and Georgia never join the alliance, nor would they allow Moscow to dictate where allied countries choose to position their forces.
“We can discuss many issues but we cannot discuss some core principles,” he said. “There is a real risk of a new armed conflict in Europe,” Mr Stoltenberg said. “We are clear-eyed. So we also conveyed a message to Russia that if they use military force there will be severe consequences; economic sanctions; political sanctions.”
During the talks at Nato headquarters in Brussels, Nato officials proposed a series of additional meetings, but the Russians neither accepted nor rejected the offer, Stoltenberg said.
For the moment, diplomatic efforts to resolve the crisis are set to continue, with the dispute topping the agenda at Thursday’s OSCE meeting in Vienna, where the permanent council of the world’s largest security body, constituting 57 member states, will seek to break the impasse.
In an interview with the independent Russian TV channel Dozhd, Michael Carpenter, US ambassador to the OSCE, played down any immediate prospects of a breakthrough.
"I don't think there will be any concrete results this week," he said. "Our main goal is, in principle, to establish a dialogue. Yes, our positions are polar, but this does not mean that there are no elements and areas on which we cannot agree."
Nevertheless, with so much at stake, it is clearly in the interests of both sides to resolve their differences if a potentially disastrous conflict in Ukraine is to be avoided.
Total fights: 32 Wins: 28 Wins by KO: 26 Losses: 4
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.”
Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)
Managing the separation process
Choose your nursery carefully in the first place
Relax – and hopefully your child will follow suit
Inform the staff in advance of your child’s likes and dislikes.
If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
Be patient. Your child might love it one day and hate it the next
Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.
2:01:39: Eliud Kipchoge (KEN) on 16/9/19 in Berlin
2:02:57: Dennis Kimetto (KEN) on 28/09/2014 in Berlin
2:03:23: Wilson Kipsang (KEN) on 29/09/2013 in Berlin
2:03:38: Patrick Makau (KEN) on 25/09/2011 in Berlin
2:03:59: Haile Gebreselassie (ETH) on 28/09/2008 in Berlin
2:04:26: Haile Gebreselassie (ETH) on 30/09/2007 in Berlin
2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin
First Person
Richard Flanagan
Chatto & Windus
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11 What time: Each day’s play is scheduled to start at 2pm UAE time. TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Results
1.30pm Handicap (PA) Dh50,000 (Dirt) 1,400m
Winner Al Suhooj, Saif Al Balushi (jockey), Khalifa Al Neyadi (trainer)
2pm Handicap (TB) 68,000 (D) 1,950m
Winner Miracle Maker, Xavier Ziani, Salem bin Ghadayer
2.30pm Maiden (TB) Dh60,000 (D) 1,600m
Winner Mazagran, Tadhg O’Shea, Satish Seemar
3pm Handicap (TB) Dh84,000 (D) 1,800m
Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer
3.30pm Handicap (TB) Dh76,000 (D) 1,400m
Winner Alla Mahlak, Adrie de Vries, Rashed Bouresly
4pm Maiden (TB) Dh60,000 (D) 1,200m
Winner Hurry Up, Royston Ffrench, Salem bin Ghadayer
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.