French president Emmanuel Macron addresses his supporters during the first rally of his Presidential campaign held after the announcement of his candidacy in the upcoming French Presidential elections in Poissy, near Paris, France, 07 March 2022. EPA
French president Emmanuel Macron addresses his supporters during the first rally of his Presidential campaign held after the announcement of his candidacy in the upcoming French Presidential elections in Poissy, near Paris, France, 07 March 2022. EPA
French president Emmanuel Macron addresses his supporters during the first rally of his Presidential campaign held after the announcement of his candidacy in the upcoming French Presidential elections in Poissy, near Paris, France, 07 March 2022. EPA
French president Emmanuel Macron addresses his supporters during the first rally of his Presidential campaign held after the announcement of his candidacy in the upcoming French Presidential elections

Russia-Ukraine crisis: France's Emmanuel Macron criticises Putin's 'moral cynicism'


Soraya Ebrahimi
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Live updates: follow the latest news on Russia-Ukraine

French President Emmanuel Macron on Monday accused Russian leader Vladimir Putin of hypocrisy and cynicism after Moscow announced humanitarian corridors to move civilians from Ukrainian cities, but only to Russia or Belarus.

"All this is not serious. It is moral and political cynicism, which I find intolerable," Mr Macron told LCI television.

Promises to protect civilians only so they could flee towards Russia were "hypocritical", he said,.

"I do not know many Ukrainians who want to go to Russia," Mr Macron said, adding that full ceasefires to protect civilians were needed, rather than corridors.

Moscow announced the proposed escape routes from Kharkiv, Kyiv, Mariupol and Sumy after Mr Putin and Mr Macron spoke by phone on Sunday, saying the move was taken after a "personal request" by the French president.

But the Elysee Palace said no such request had been made and Mr Macron described Moscow's announcement as a "PR stunt".

The situation was worsening by the day, he warned.

A top priority was to avoid "catastrophes" with Ukraine's nuclear power plants after Europe's largest such plant Zaporizhzhia was attacked and seized by invading Russian forces last week.

There are four active nuclear plants in the country as well as the Chernobyl plant, which was the site of the 1986 nuclear disaster.

  • Cars are left abandoned on a road as residents flee the town of Irpin, Ukraine after days of heavy shelling. Reuters
    Cars are left abandoned on a road as residents flee the town of Irpin, Ukraine after days of heavy shelling. Reuters
  • A Ukrainian soldier helps a family fleeing from Irpin. Reuters
    A Ukrainian soldier helps a family fleeing from Irpin. Reuters
  • A bus passes the Duke of Wellington statue, which has a traffic cone in the colours of the flag of Ukraine placed on top of it, in Glasgow, Scotland. AP
    A bus passes the Duke of Wellington statue, which has a traffic cone in the colours of the flag of Ukraine placed on top of it, in Glasgow, Scotland. AP
  • Ukrainian children sleep at the reception point at the train station in Przemysl, Poland. Reuters
    Ukrainian children sleep at the reception point at the train station in Przemysl, Poland. Reuters
  • Smoke rises as a Ukrainian soldier stands by the only escape route used by locals to flee from the town of Irpin. Reuters
    Smoke rises as a Ukrainian soldier stands by the only escape route used by locals to flee from the town of Irpin. Reuters
  • A man flees from Irpin. Reuters
    A man flees from Irpin. Reuters
  • A screengrab from footage released by the Russian Defence Ministry shows a purported Russian tank unit advancement in the Kyiv region. AFP
    A screengrab from footage released by the Russian Defence Ministry shows a purported Russian tank unit advancement in the Kyiv region. AFP
  • People walk on debris of residential buildings damaged by shelling in the Zhytomyr region. Reuters
    People walk on debris of residential buildings damaged by shelling in the Zhytomyr region. Reuters
  • A damaged residential building after Russian multiple rocket launchers shelled the area in the southern city of Mykolaiv. AFP
    A damaged residential building after Russian multiple rocket launchers shelled the area in the southern city of Mykolaiv. AFP
  • Ukrainian soldiers sit in their armoured vehicle after fighting against Russian troops and Russia-backed separatists near Zolote village, Luhansk region. AFP
    Ukrainian soldiers sit in their armoured vehicle after fighting against Russian troops and Russia-backed separatists near Zolote village, Luhansk region. AFP
  • A woman offers accommodation for people fleeing Ukraine at the main railway station in Berlin, Germany. Getty Images
    A woman offers accommodation for people fleeing Ukraine at the main railway station in Berlin, Germany. Getty Images
  • A soldier holds a helmet as a wedding crown during the ceremony for members of the Ukrainian Territorial Defence Forces Lesia Ivashchenko and Valerii Fylymonov, at a checkpoint in Kyiv. AP
    A soldier holds a helmet as a wedding crown during the ceremony for members of the Ukrainian Territorial Defence Forces Lesia Ivashchenko and Valerii Fylymonov, at a checkpoint in Kyiv. AP
  • Ukrainian soldiers carry a woman fleeing the town of Irpin. AP
    Ukrainian soldiers carry a woman fleeing the town of Irpin. AP
  • A factory and warehouse burn after being bombarded in Irpin. AP
    A factory and warehouse burn after being bombarded in Irpin. AP
  • Ukrainian soldiers near Zolote. AFP
    Ukrainian soldiers near Zolote. AFP
  • A Ukrainian refugee boy, wearing a blanket on his shoulders, warms his hands with a gas heater shortly after crossing the Siret border into northern Romania. EPA
    A Ukrainian refugee boy, wearing a blanket on his shoulders, warms his hands with a gas heater shortly after crossing the Siret border into northern Romania. EPA
  • People demonstrate against the Russian military operation in Ukraine in Buenos Aires, Argentina. EPA
    People demonstrate against the Russian military operation in Ukraine in Buenos Aires, Argentina. EPA
  • First responders work at the scene after a missile hit a building at Havryshivka Vinnytsia International Airport in Vinnytsia, Ukraine. Reuters
    First responders work at the scene after a missile hit a building at Havryshivka Vinnytsia International Airport in Vinnytsia, Ukraine. Reuters
  • A woman at a checkpoint on the road to Kyiv after her evacuation from a nearby town. AFP
    A woman at a checkpoint on the road to Kyiv after her evacuation from a nearby town. AFP
  • A placard in the Ukrainian colours is held up at an anti-war demonstration the Bebelplatz square in Berlin, Germany. Reuters
    A placard in the Ukrainian colours is held up at an anti-war demonstration the Bebelplatz square in Berlin, Germany. Reuters
  • A Ukrainian serviceman helps an elderly woman in Irpin, 20 kilometres north-west of the capital Kyiv. AP Photo
    A Ukrainian serviceman helps an elderly woman in Irpin, 20 kilometres north-west of the capital Kyiv. AP Photo
  • Protesters cry during a demonstration in support of Ukraine at the Plaza Catalunya square in Barcelona. AFP
    Protesters cry during a demonstration in support of Ukraine at the Plaza Catalunya square in Barcelona. AFP
  • A man walks past a machine gun at a checkpoint next to the last bridge on the road that connects the town of Stoyanka to the outskirts of Ukraine's capital Kyiv. AFP
    A man walks past a machine gun at a checkpoint next to the last bridge on the road that connects the town of Stoyanka to the outskirts of Ukraine's capital Kyiv. AFP
  • Ukrainian servicemen put a wounded man on a stretcher in Irpin. AP Photo
    Ukrainian servicemen put a wounded man on a stretcher in Irpin. AP Photo
  • People board a train to return to Ukraine after getting supplies in Zahony, Hungary. AP Photo
    People board a train to return to Ukraine after getting supplies in Zahony, Hungary. AP Photo
  • Balloons in the colors of Ukraine during a demonstration against the Russian attack on Ukraine, in Mainz, Germany. AP
    Balloons in the colors of Ukraine during a demonstration against the Russian attack on Ukraine, in Mainz, Germany. AP
  • A Ukrainian girl helps to weave a camouflage net for the Ukrainian army, in Odesa. EPA
    A Ukrainian girl helps to weave a camouflage net for the Ukrainian army, in Odesa. EPA
  • Molotov cocktails prepared by a group of volunteers in Odesa. Hundreds are made every day. EPA
    Molotov cocktails prepared by a group of volunteers in Odesa. Hundreds are made every day. EPA
  • Ukrainian servicemen assist people fleeing the town of Irpin after crossing the Irpin River on an improvised path under a bridge that was destroyed by a Russian air strike. AP Photo
    Ukrainian servicemen assist people fleeing the town of Irpin after crossing the Irpin River on an improvised path under a bridge that was destroyed by a Russian air strike. AP Photo
  • A woman holds a dog while crossing the Irpin River on an improvised path under a bridge that was destroyed by a Russian airstrike, while assisting people fleeing the town of Irpin, Ukraine. AP Photo
    A woman holds a dog while crossing the Irpin River on an improvised path under a bridge that was destroyed by a Russian airstrike, while assisting people fleeing the town of Irpin, Ukraine. AP Photo
  • Marina Yatsko and her boyfriend Fedor comfort each other at a hospital in Mariupol after her 18-month-old son Kirill was killed by shelling. AP Photo
    Marina Yatsko and her boyfriend Fedor comfort each other at a hospital in Mariupol after her 18-month-old son Kirill was killed by shelling. AP Photo
  • Ukrainian civilians receive weapons training in a cinema in Lviv, western Ukraine. AP Photo
    Ukrainian civilians receive weapons training in a cinema in Lviv, western Ukraine. AP Photo
  • Residents flee the town of Irpin, near Kyiv, Ukraine. AP Photo
    Residents flee the town of Irpin, near Kyiv, Ukraine. AP Photo
  • Ukrainian soldiers carry a sick woman as civilians flee Irpin, on the outskirts of Kyiv, after Russian attacks. AP Photo
    Ukrainian soldiers carry a sick woman as civilians flee Irpin, on the outskirts of Kyiv, after Russian attacks. AP Photo
  • Captured Russian soldiers at a press conference in the Interfax news agency in Kyiv, Ukraine. AP Photo
    Captured Russian soldiers at a press conference in the Interfax news agency in Kyiv, Ukraine. AP Photo
  • Ukrainians beneath a destroyed bridge in Irpin. AP Photo
    Ukrainians beneath a destroyed bridge in Irpin. AP Photo
  • A woman fleeing Ukraine on a bus near the border crossing in Korczowa, Poland. AP Photo
    A woman fleeing Ukraine on a bus near the border crossing in Korczowa, Poland. AP Photo
  • A Ukrainian soldier and a militia man help a fleeing family on the outskirts of Kyiv, Ukraine, on March 5, 2022. AP Photo
    A Ukrainian soldier and a militia man help a fleeing family on the outskirts of Kyiv, Ukraine, on March 5, 2022. AP Photo
  • Smoke rises after shelling by Russian forces in Mariupol. AP Photo
    Smoke rises after shelling by Russian forces in Mariupol. AP Photo
  • People at a hospital during shelling by Russian forces in Mariupol. AP Photo
    People at a hospital during shelling by Russian forces in Mariupol. AP Photo
  • Displaced Ukrainians at the Resurrection New Athos Monastery in the western Ukrainian city of Lviv. AFP
    Displaced Ukrainians at the Resurrection New Athos Monastery in the western Ukrainian city of Lviv. AFP

But Mr Macron also insisted that "France is not at war with Russia", and that "what we want is to stop this war without becoming belligerents ourselves".

He spoke to Mr Putin on Sunday for an hour and 45 minutes, in the fourth time they had spoken since the Russian invasion of Ukraine on February 24.

Russia would reach its objectives in Ukraine "either through negotiation or through war", Mr Putin told Mr Macron, according to a French presidential official.

The official said Mr Putin also pledged "it was not his intention" to attack Ukrainian nuclear sites.

Later on Monday, Russia announced a ceasefire in Ukrainian cities including Kyiv, Mariupol and Sumy from 7am GMT on Tuesday, so civilians could be evacuated to Russia or other parts of Ukraine through humanitarian corridors.

But later on Monday, Mr Macron said it was unlikely that Russia and Ukraine would be able to find a way to end the war in the days and weeks ahead.

"In the short term ... the war is going to continue to be waged," he said during a visit to Poissy, not far from Paris.

"I don't think that, in the coming days and weeks, there will be a real negotiated solution.

"Talks are difficult with Putin because he refuses a ceasefire," which was a condition for any real talks between Russia and Ukraine, Mr Macron said.

"Our responsibility" was to keep talking to the Russian and Belarusian people, as well as their leaders, and to "always respect Russia as a country" if there was to be any lasting peace.

"We are all full of admiration for the resistance of the Ukrainian people, their leaders and their president," he said.

Mr Macron said France would play its part in welcoming Ukrainians fleeing the war, and might also take steps to help relieve the pressure from Ukraine's neighbour Moldova, which has taken in more than 80,000 refugees.

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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.”

Most sought after workplace benefits in the UAE
  • Flexible work arrangements
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  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

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Fight card

1. Bantamweight: Victor Nunes (BRA) v Siyovush Gulmamadov (TJK)

2. Featherweight: Hussein Salim (IRQ) v Shakhriyor Juraev (UZB)

3. Catchweight 80kg: Rashed Dawood (UAE) v Khamza Yamadaev (RUS)

4. Lightweight: Ho Taek-oh (KOR) v Ronald Girones (CUB)

5. Lightweight: Arthur Zaynukov (RUS) v Damien Lapilus (FRA)

6. Bantamweight: Vinicius de Oliveira (BRA) v Furkatbek Yokubov (RUS)

7. Featherweight: Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)

8. Flyweight: Shannon Ross (TUR) v Donovon Freelow (USA)

9. Lightweight: Mohammad Yahya (UAE) v Dan Collins (GBR)

10. Catchweight 73kg: Islam Mamedov (RUS) v Martun Mezhulmyan (ARM)

11. Bantamweight World title: Jaures Dea (CAM) v Xavier Alaoui (MAR)

12. Flyweight World title: Manon Fiorot (FRA) v Gabriela Campo (ARG)

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Normcore explained

Something of a fashion anomaly, normcore is essentially a celebration of the unremarkable. The term was first popularised by an article in New York magazine in 2014 and has been dubbed “ugly”, “bland’ and "anti-style" by fashion writers. It’s hallmarks are comfort, a lack of pretentiousness and neutrality – it is a trend for those who would rather not stand out from the crowd. For the most part, the style is unisex, favouring loose silhouettes, thrift-shop threads, baseball caps and boyish trainers. It is important to note that normcore is not synonymous with cheapness or low quality; there are high-fashion brands, including Parisian label Vetements, that specialise in this style. Embraced by fashion-forward street-style stars around the globe, it’s uptake in the UAE has been relatively slow.

The specs

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Transmission: eight-speed automatic

Power: 325bhp

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Price: Dh289,000

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

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GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
'Munich: The Edge of War'

Director: Christian Schwochow

Starring: George MacKay, Jannis Niewohner, Jeremy Irons

Rating: 3/5

Updated: March 08, 2022, 4:00 AM