Russian President Vladimir Putin. AP
Russian President Vladimir Putin. AP
Russian President Vladimir Putin. AP
Russian President Vladimir Putin. AP

EU threatens to impose sanctions on Russia as Nato backs Ukraine


Soraya Ebrahimi
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Western allies on Thursday rejected Russia's bid to thwart Kiev's Nato ambitions and urged Moscow to stop its military build-up along Ukraine's border and return to talks led by France and Germany.

EU leaders, meeting in Brussels, insisted on "the urgent need for Russia to de-escalate tensions caused by the military build-up along its border with Ukraine and aggressive rhetoric".

They repeated a threat to impose "massive consequences and severe cost" on Moscow through sanctions, co-ordinated with the EU's partners in London and Washington.

The US has used similar language of retaliation in the event of a Russian invasion, while trying to speak with Moscow to defuse the situation.

Nato Secretary General Jens Stoltenberg called Russia the "aggressor".

Russian President Vladimir Putin wants direct dialogue with US leader Joe Biden to resolve the stand-off, and is seeking security guarantees to stand down his troops.

But the European leaders in their summit pushed for a return to the "Normandy format", a four-way dialogue between Paris, Berlin, Kiev and Moscow.

On Wednesday, Russia handed a list of security demands to US assistant secretary of state Karen Donfried, who then went to Nato headquarters in Brussels to discuss them with Mr Stoltenberg.

The Nato chief also met Ukraine's President Volodymyr Zelenskiy. The two insisted that any decision on membership was a matter for Kiev and the alliance's 30 member states.

"We will not compromise on the right of Ukraine to choose its own path," Mr Stoltenberg said. "We will not compromise on the right for Nato to protect and defend all Nato allies."

He said there would also be no compromising on Nato's partnership with Ukraine, calling it important for both sides and "not in any way a threat to Russia".

On Wednesday, Mr Zelenskiy attended a summit with EU leaders, most of whose countries are also Nato members, and said the majority of them supported Ukraine's position in the conflict.

But he is frustrated that European powers in particular have refused to take preventive action against Russia, instead issuing threats in the event of action.

"Since 2014, since the start of the war, I believe that basically Russia pushed Ukraine into Nato," Mr Zelenskiy said. "Basically I believe that today Russia itself is paving the difficult path of Ukraine to Nato."

He said that, in his view, some EU members did not seem to understand the extent of Ukraine's peril and urged them to act swiftly.

On Wednesday, Russia's deputy foreign minister Sergei Ryabkov told Ms Donfried that Nato should halt its eastward expansion and withdraw a promise that Ukraine could become a candidate for membership.

The US said Ms Donfied would stress "we can make diplomatic progress on ending the conflict in the Donbas through implementation of the Minsk agreements in support of the Normandy Format".

Ukraine and its closest supporters in the West want to cancel the opening of the Nord Stream 2 pipeline, which will carry Russian gas supplies to Germany, bypassing Ukraine.

Germany's new leader, Chancellor Olaf Scholz, has been cautious on this point, and some of the leaders meeting in Brussels fear pre-emptive sanctions would provoke rather than deter Russia.

Getting Russia back to the negotiating table will not be easy.

"Moscow does not want to return to the Normandy format and wants to negotiate with the United States," a senior European diplomat said.

The diplomatic track was established at a summit in Minsk in 2015 where Mr Putin accepted that France and Germany should be moderators in the talks between the two.

"The Americans support a return to this format, and talks are under way with Moscow but nothing has been agreed yet," the European envoy said.

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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.

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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.

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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.

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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.

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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.

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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.

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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 

Updated: December 16, 2021, 11:00 PM