Municipal workers attach a Russian national flag to a pole in Mariupol, in territory under the government of the Donetsk People's Republic, eastern Ukraine, earlier in May. AP Photo
Municipal workers attach a Russian national flag to a pole in Mariupol, in territory under the government of the Donetsk People's Republic, eastern Ukraine, earlier in May. AP Photo
Municipal workers attach a Russian national flag to a pole in Mariupol, in territory under the government of the Donetsk People's Republic, eastern Ukraine, earlier in May. AP Photo
Municipal workers attach a Russian national flag to a pole in Mariupol, in territory under the government of the Donetsk People's Republic, eastern Ukraine, earlier in May. AP Photo


What if Russia succeeds in Ukraine's Donbas region?


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May 30, 2022

The question preoccupying Europe is whether Russia is on the brink of a surprise breakthrough on the Ukraine battlefield, allowing it to declare a victory on its own terms. The big issue, were this to materialise, is to ask what then?

The artillery battles across the Donbas have recently been going well for the Russian high command. A traditional attack plan has been prosecuted, involving tactics that Russia has favoured for almost century. The original presumptions of Russian President Vladimir Putin's leadership are now within its sights.

Having annexed Crimea and sustained the two breakaway republics of Donetsk and Luhansk since the first round of this conflict in 2014, Moscow wants a contiguous strip of south-eastern Ukraine to say that it has secured the future of the Russian-speaking population in the area.

It has also overcome and vanquished the resistance of the neo-Nazi-tainted Azov Battalion after weeks of resistance to a Russian onslaught in Mariupol, the port city on the Black Sea. That means that the Kremlin’s “denazification” justification for the assault on Ukraine – it said the spectre of Nazism had risen in the country – can also be defined as a success.

Any such victory declaration would be viewed from several angles.

The western countries that backed Kyiv would be forced to confront the fear that they had not in the end done enough for their ally to withstand the Russia tempest. Yet, for Russia having drawn the broadest aim for its offensive, the resulting gains look awfully puny on a map.

Western officials view any move by Russia to draw a line north of Crimea and along to Donetsk and Luhansk as unsustainable peace

Faced with this, allies of Ukraine are stepping up the weapons shipments. The shoulder-fired missile systems that proved so effective when Russia’s army was advancing in columns and could be picked off are not the game changer they once were.

Ukrainian forces are only now getting access to mobile artillery. The French Caesar howitzer gun has turned up on the battlefield and offered a tantalising glimpse of what bulk deliveries could do. The US has been trying to get M777-towed 155-millimetre howitzers to Ukraine's frontline for a month.

The German government is being criticised for not enabling the next step, which is the delivery of main battle tanks. The Ukrainian military desperately needs these to meet the mass of forces that Russia is bringing to bear in a relatively small section of terrain.

Last week, UK Prime Minister Boris Johnson called for the delivery of M270 multiple launch rocket systems, or MLRS, to Ukraine after receiving a downbeat assessment from President Volodymyr Zelenskyy regarding how long Kyiv’s forces can hold out in the eastern region.

The introduction of this system has escalatory potential. Reports that US officials opened talks with Kyiv over placing limits on the range of outgoing fire for any donations Washington might make underline this. The MLRS can target as far away as 300 kilometres but the US cannot allow its guns to be striking inside Russia.

Russian Foreign Minister Sergey Lavrov came out to warn that the “few sane” minds in the West should think twice.

Intelligence reporting indicates that Russia has lost 1,000 of the tanks it sent to Ukraine. Its new-generation tanks have proved to be sitting ducks.

So it has removed from mothballs the hundreds of T-72s left over from the erstwhile Soviet Union's Red Army. Pictures of its heavy fire power are telling. Iron armour will now have to do the job that was not done by the smart or next-generation technology that Russia gambled on.

Russian Foreign Minister Sergey Lavrov, right, meets former US secretary of state Henry Kissinger in New York City in September. EPA
Russian Foreign Minister Sergey Lavrov, right, meets former US secretary of state Henry Kissinger in New York City in September. EPA

Days before the war was launched, a western think tank expert predicted to me that Russia would not rush to war because the modernisation of its armed forces was incomplete. To do so now would be to “waste” the heavy expenditure since 2012 under the New Look reform programme, the expert said. He pointed out that Russia's army could only say that its pace of change was well behind the target of renewing 70 per cent of its equipment inventory by 2020. It is believed to have been hovering near 50 per cent when the war began.

Western officials view any move by Russia to draw a line north of Crimea and along to Donetsk and Luhansk as unsustainable peace. Not only would Russia have an iron hand on the export of Ukraine’s all-important crops as a result. It is not clear that the boundaries it is currently targeting would guarantee the water supply to Crimea, a key Moscow objective.

Yet, this is the type of outcome Henry Kissinger, the realist diplomatic thinker and former US secretary of state, argued for last week in his controversial intervention in Davos. Mr Kissinger argued about two things: that Ukraine cede territory to Russia for a peace agreement, and that a humiliating defeat for Russia would endanger Europe's stability.

Currently serving European officials, instead, argue that a peace deal would be more likely to kick off a new eight-year cycle of rearmament by Moscow. The inevitable result would be a renewed effort thereafter to carve up Ukraine. In such an atmosphere, and with global food shortages, there can be no reliable turning point in the confrontation.

If Russia is able to achieve a short-term comeback, the outcome looks likely to merely open the next phase of a deeply destabilising situation.

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

RACE CARD

6.30pm Maiden (TB) Dh82.500 (Dirt) 1,400m

7.05pm Handicap (TB) Dh87,500 (D) 1,400m

7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m

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8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m

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Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

It's up to you to go green

Nils El Accad, chief executive and owner of Organic Foods and Café, says going green is about “lifestyle and attitude” rather than a “money change”; people need to plan ahead to fill water bottles in advance and take their own bags to the supermarket, he says.

“People always want someone else to do the work; it doesn’t work like that,” he adds. “The first step: you have to consciously make that decision and change.”

When he gets a takeaway, says Mr El Accad, he takes his own glass jars instead of accepting disposable aluminium containers, paper napkins and plastic tubs, cutlery and bags from restaurants.

He also plants his own crops and herbs at home and at the Sheikh Zayed store, from basil and rosemary to beans, squashes and papayas. “If you’re going to water anything, better it be tomatoes and cucumbers, something edible, than grass,” he says.

“All this throwaway plastic - cups, bottles, forks - has to go first,” says Mr El Accad, who has banned all disposable straws, whether plastic or even paper, from the café chain.

One of the latest changes he has implemented at his stores is to offer refills of liquid laundry detergent, to save plastic. The two brands Organic Foods stocks, Organic Larder and Sonnett, are both “triple-certified - you could eat the product”.  

The Organic Larder detergent will soon be delivered in 200-litre metal oil drums before being decanted into 20-litre containers in-store.

Customers can refill their bottles at least 30 times before they start to degrade, he says. Organic Larder costs Dh35.75 for one litre and Dh62 for 2.75 litres and refills will cost 15 to 20 per cent less, Mr El Accad says.

But while there are savings to be had, going green tends to come with upfront costs and extra work and planning. Are we ready to refill bottles rather than throw them away? “You have to change,” says Mr El Accad. “I can only make it available.”

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

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.”

WISH
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Secret Pigeon Service: Operation Colomba, Resistance and the Struggle to Liberate Europe
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'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

Updated: May 30, 2022, 4:00 AM