It has been two years since Russia launched its invasion of Ukraine. Getty Images
It has been two years since Russia launched its invasion of Ukraine. Getty Images
It has been two years since Russia launched its invasion of Ukraine. Getty Images
It has been two years since Russia launched its invasion of Ukraine. Getty Images


As the Ukraine war enters its third year, Kyiv faces an uphill battle


Mary Dejevsky
Mary Dejevsky
  • English
  • Arabic

February 23, 2024

This time last year, on the first anniversary of what Russia called its “special military operation” in Ukraine, it looked likely that there would, alas, be a second anniversary, as neither Russia nor Ukraine – nor the latter’s western backers – showed any interest in bringing the war to an end. And a second anniversary meant that what happened next would be complicated by presidential elections in the US, Russia and Ukraine.

Well, the second anniversary is upon us, and what is now more often known as Russia’s all-out war in Ukraine – to distinguish it from the limited hostilities in eastern Ukraine after 2014 – goes on. As forecast, the Russian and US elections will indeed be complications, although Ukraine’s election has been cancelled because of martial law.

But the elections are far from the only, or main, complications. Much has changed in the past year, starting with the situation in Ukraine. The steely unity of the Ukrainian leadership, and the solidarity between leaders and people, and between people and military, that held through the first year of the conflict has developed cracks.

In August, Ukrainian President Volodymyr Zelenskyy suddenly announced that he was dismissing all heads of regional military recruitment offices in connection with corruption and draft dodging. The next month, he replaced the generally well-regarded defence minister. Then, two weeks ago, he signed a decree dismissing his military chief, Valery Zaluzhnyi, ending weeks of rumours that Gen Zaluzhnyi had been asked, and refused, to resign.

It is too early to gauge the fall-out from this decision. Gen Zaluzhnyi was popular with the troops, and a Ukrainian of the post-independence generation. His replacement, the former army chief, Oleksandr Syrskyi, is by training and age more in the Soviet mould. But it could be argued that this is what is needed now.

Still, it hardly seems a good sign for Mr Zelenskyy to remove such senior people in the heat of a conflict, and there are reasons, other than fatigue and the need for new energy, that explain why they might have been replaced.

One was the course of the fighting. Ukraine’s early success – a success that surprised western allies, encouraged promises of more weapons and raised hopes of actual victory – was fading. A long-touted Ukrainian counter-offensive in early summer failed – a failure that may have cost Gen Zaluzhnyi his job. Ukraine has now been forced to retreat from the town of Avdiivka after a long and gruelling battle, which cost many lives. Under its new commander, the country is now pursuing a new plan focusing on defence.

But there may also be political reasons. Mr Zelenskyy’s constitutionally correct decision to cancel the presidential election has fuelled increasingly open criticism of his leadership. True, this comes primarily from a few who may harbour ambitions of their own, including the mayor of Kyiv, Vitaly Klitschko, and former president Petro Poroshenko. The dismissal of Gen Zaluzhnyi may also be seen in the same light. He and Mr Zelenskyy were also locked in a dispute about a new round of mobilisation, with the former insisting that the military needed more men, and the latter – probably rightly – seeing a new round of conscription as politically risky.

Ukraine's military has been forced to retreat from the town of Avdiivka. Reuters
Ukraine's military has been forced to retreat from the town of Avdiivka. Reuters
The steely unity of the Ukrainian leadership has developed cracks

Periodic accusations of corruption are another factor, although it is not clear how far such claims are objectively justified and how far they are being used as weapons in a political struggle underway in Kyiv.

Views differ, too, about how far civilian and grassroots morale is being sapped by signs of discord at the top and the battlefield setbacks. On the one hand, Ukraine’s will to fight on appears strong, although there is evidence of weariness among fighters. On the other, the scale of Ukraine’s casualties, and the absence of new recruits to relieve those who have been fighting without a break, has spawned a small protest movement among wives and families of those in the field. Manpower appears to be becoming a problem.

This is not something often mentioned by Ukrainian officials or by its allies, who prefer to complain about the shortage of weapons and especially ammunition, which can be blamed on the West. How far to trust western statements that they are running out of resources to ensure their own security, let alone that of Ukraine, is also a question. Might smaller and slower deliveries rather reflect growing war fatigue among allies and their fears of sending good weapons after bad, now that Ukraine’s winning streak seems to have ended? Probably, it is a bit of both, with reduced faith in a Ukrainian victory and western countries’ own dwindling reserves militating against upping supplies.

This seems especially true of the US, where military and financial aid to Ukraine has become the subject of a fierce political stand-off in the legislature at the start of this election year. The quarrels may also be exacerbated by the prospect of Donald Trump winning back the White House. Mr Trump’s sceptical view of aid for Ukraine and the sense of the war is well-known. A U-turn on support for Ukraine, however, might not have to wait for a Trump victory; as things stand, Congress could halt any more aid packages on the current President’s watch.

The potentially dire consequences for Ukraine, should US aid dry up, have prompted much hard thinking in Europe – in the EU and among European members of Nato – about how and even whether it could fill any gap in support to Ukraine left by the US. The mood at the recent Munich Security Conference in Germany was downbeat, with some warning that a Russian victory in Ukraine could presage a Russian advance into the Baltic, Poland and beyond. How far such scaremongering is justified, or whether it is just another means of arguing for continued US support, however, is another matter. Given the difficulties Russia has experienced gaining even a few kilometres of Ukrainian territory in the past year, it seems unrealistic to think Russia could reach western Ukraine, let alone take on Poland.

What can be said, however, is that the fortunes of Russia over the past year have improved even as Ukraine’s have been sliding. Western sanctions have not had the longer-term effect, except perhaps in the automotive sector, that had been hoped for. Russia has found new markets for its energy, new arms suppliers and revived some military production. Russians have by and large rallied to the flag.

A little-explained mutiny by the Wagner private military group in June was quickly seen off by President Vladimir Putin, whose power may even have been strengthened as a result. Whatever the truth of the death of the opposition leader, Alexei Navalny, he was never going to be an electoral threat to Putin. With Avdiivka now giving Mr Putin a military victory to capitalise on, he looks set to sail through next month’s presidential elections to another six-year term. The war with Ukraine may not be exactly an election asset, but – barring a new spectacular advance from Ukraine – it will probably not be a liability either.

Perhaps the biggest potential game changer in the Russia-Ukraine conflict so far, however, came out of the clear blue sky, thousands of kilometres away from either Kyiv or Moscow. This came on October 7, when Hamas fighters burst out of Gaza, killing and injuring thousands of Israelis and taking more than 250 people captive.

Within hours of the news breaking, the international political and media spotlight had swung away from Ukraine and on to the Middle East, where it has stayed pretty much since, damaging Ukraine’s cause in many different ways.

It has left Ukraine suddenly competing for already depleted military supplies from the US. It has diverted US diplomatic and political attention back to its older client, Israel, and it deprived Ukraine of the western media attention that it had used so effectively to its advantage.

It has also had an unpredicted moral impact. Ukraine had long found it hard to build a strong international coalition in its support. Many countries outside the western orbit, including those in the so-called “global South”, had declined to take sides, treating Ukraine’s conflict with Russia as a bilateral quarrel. Western efforts to blame Russia’s Black Sea blockade for a global food crisis did not have the desired effect.

But Gaza made everything considerably worse for Ukraine. Supporters of the Palestinian cause the world over complained of a glaring double standard. How could the West invest so much in the defence of Ukraine’s statehood while ignoring Palestinian demands for their own state. To which the western world struggled to find an answer, and it is hard to see this changing.

Israel is of greater interest to the US – though probably not to the Europeans – than Ukraine, and for all the US insistence that Ukraine is a war the West cannot afford to lose, it is hard to see how Kyiv can command the attention of the US in the same way again, at least not until the presidential election is decided.

Washington could even decide that it prefers peace to war in Ukraine and try to push Kyiv towards talks – which it, and many of Ukraine’s most fervent European champions, would resist.

Most, but not all, of the changes over the past year have been in Russia’s favour. Ukraine has had its successes: it has loosened Russia’s hold on Crimea with attacks on its ships and its naval base at Sevastopol, and deterred Russian holidaymakers. It has unsettled Russia with drones that have reached Moscow, acts of sabotage behind Russian lines and strikes on cities, such as Belgorod, near the border. There is, though, a question about how much further such attacks could go, even if Ukraine had the capability, without eliciting a devastating Russian response.

Some call the current situation a stalemate; others – the continuation of a slow, but steady, Russian advance. As things stand, though, it is hard to envisage the fighting, if not the conflict, lasting another year. Russia has vastly more reserves, in men and materiel. Ukraine risks running out of both. Public sentiment in much of Europe, as in the US, seems to be gravitating towards talks. This will be a hard sell in Ukraine. It might mean the downfall of Mr Zelenskyy. But the combination of Russian resilience, US distraction, and Europe’s lack of resources, will have added to divisions in Kyiv and a simple shortage of Ukrainians to fight, as well as to bring the hot war, at least, to an end. The negotiators need to be ready.

Western Region Asia Cup T20 Qualifier

Sun Feb 23 – Thu Feb 27, Al Amerat, Oman

The two finalists advance to the Asia qualifier in Malaysia in August

 

Group A

Bahrain, Maldives, Oman, Qatar

Group B

UAE, Iran, Kuwait, Saudi Arabia

 

UAE group fixtures

Sunday Feb 23, 9.30am, v Iran

Monday Feb 25, 1pm, v Kuwait

Tuesday Feb 26, 9.30am, v Saudi

 

UAE squad

Ahmed Raza, Rohan Mustafa, Alishan Sharafu, Ansh Tandon, Vriitya Aravind, Junaid Siddique, Waheed Ahmed, Karthik Meiyappan, Basil Hameed, Mohammed Usman, Mohammed Ayaz, Zahoor Khan, Chirag Suri, Sultan Ahmed

Timeline

1947
Ferrari’s road-car company is formed and its first badged car, the 125 S, rolls off the assembly line

1962
250 GTO is unveiled

1969
Fiat becomes a Ferrari shareholder, acquiring 50 per cent of the company

1972
The Fiorano circuit, Ferrari’s racetrack for development and testing, opens

1976
First automatic Ferrari, the 400 Automatic, is made

1987
F40 launched

1988
Enzo Ferrari dies; Fiat expands its stake in the company to 90 per cent

2002
The Enzo model is announced

2010
Ferrari World opens in Abu Dhabi

2011
First four-wheel drive Ferrari, the FF, is unveiled

2013
LaFerrari, the first Ferrari hybrid, arrives

2014
Fiat Chrysler announces the split of Ferrari from the parent company

2015
Ferrari launches on Wall Street

2017
812 Superfast unveiled; Ferrari celebrates its 70th anniversary

Global Fungi Facts

• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Company%C2%A0profile
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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.”

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

UAE currency: the story behind the money in your pockets
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

RESULT

Bayern Munich 3 Chelsea 2
Bayern: Rafinha (6'), Muller (12', 27')
Chelsea: Alonso (45' 3), Batshuayi (85')

UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP

Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan

Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

CONFIRMED%20LINE-UP
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COMPANY%20PROFILE
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Jawan
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Results:

6.30pm: Mazrat Al Ruwayah (PA) | Group 2 | US$55,000 (Dirt) | 1,600 metres

Winner: AF Al Sajanjle, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

7.05pm: Meydan Sprint (TB) | Group 2 | $250,000 (Turf) | 1,000m

Winner: Blue Point, William Buick, Charlie Appleby

7.40pm: Firebreak Stakes | Group 3 | $200,000 (D) | 1,600m

Winner: Muntazah, Jim Crowley, Doug Watson

8.15pm: Meydan Trophy Conditions (TB) | $100,000 (T) | 1,900m

Winner: Art Du Val, William Buick, Charlie Appleby

8.50pm: Balanchine Group 2 (TB) | $250,000 (T) | 1,800m

Winner: Poetic Charm, William Buick, Charlie Appleby

9.25pm: Handicap (TB) | $135,000 (D) | 1,200m

Winner: Lava Spin, Richard Mullen, Satish Seemar

10pm: Handicap (TB) | $175,000 (T) | 2,410m

Winner: Mountain Hunter, Christophe Soumillon, Saeed bin Suroor

Company%20profile
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Updated: February 23, 2024, 6:00 PM