'I don't need a ride, I need ammo': Zelenskyy's pivotal moment in European history


Thomas Harding
  • English
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The words “I don’t need a ride, I need ammo” will echo in history as much as the opening salvos of Russia’s bungled invasion of Ukraine.

Joining President Volodymyr Zelenskyy’s words will be the 34-second video he shot in Maidan Square, the political heart of Kyiv, where 24 hours into the offensive, he stood shoulder to shoulder with key ministers proclaiming: “The President is here” — despite an offer from the US to fly him out.

It was a key moment in European history, in which a wartime leader stood defiantly, inspiring not only his people but the western world to back him.

With Russian tanks rumbling towards Kyiv and paratroopers seizing Hostomel international airport, Mr Zelenskyy’s personal survival was being measured in hours.

But rumours of Chechen assassination squads and Spetsnaz special forces “decapitating” the Ukraine government were instantly checked when he uploaded the video to Facebook.

Dressed in what would become his famous green fatigues, the President assured his people that “we are all here”, ending the clip with: “Glory to Ukraine. Glory to the heroes.”

It was a pivotal moment in the war, and the video was viewed three million times in the first hour after it was uploaded to social media.

History turns

“European history turned on that moment, it really did,” said leading military analyst Michael Clarke. “He went on to the streets and said, ‘I'm here and I’m not anywhere else’ and that he didn’t need a ride but ammo.

“I can't think of a wartime turning point that was quite so brief and dramatic as that.”

Western leaders — including US President Joe Biden — were among those who viewed the video, becoming convinced that their countries should robustly defend Ukraine against Russia.

The clip's imagery was “a reminder of the power of iconic leadership”, said Gen Sir Richard Barrons.

Volodymyr Zelenskyy in Kyiv on February 25, 2022, in a video posted on Facebook. AFP
Volodymyr Zelenskyy in Kyiv on February 25, 2022, in a video posted on Facebook. AFP

“Russia’s intent was to decapitate the regime, yet here was a figure who Ukraine in all its fractured glory could coalesce around,” said the former chief of Britain’s Joint Forces Command.

“But more than that, so many of the international community could identify with him. Foremost, Zelenskyy’s a naturally gifted communicator.”

His decision to stay in Kyiv, in addition to releasing the video, was a “masterstroke”, said Russian military expert Brig Ben Barry.

“Zelenskyy has been a very successful war leader in terms of messaging, not only the Ukrainian population but the global audience,” said the Land Warfare specialist at the IISS think tank.

Gen Barrons also contended that the words and video were “emblematic of the resistance” signalling “a spirit of fighting and defiance” in Ukraine.

“It was of course buttressed very early on by battlefield success, which meant he actually was never under any great pressure to run,” he added.

What if?

If Mr Zelenskyy had taken the US “ride” and decided to fight the war from Germany or Washington, then the consequences could have been very difficult.

Leaderless and without substantial western arms and financing, Ukraine’s army would likely have collapsed with significant geopolitical fallout, probably hastening America’s continued retreat from Nato, begun under President Donald Trump.

  • Volodymyr Zelenskyy with US President Joe Biden at St Michael's Golden-Domed Cathedral in Kyiv during Mr Biden's surprise visit, on February 20. AP
    Volodymyr Zelenskyy with US President Joe Biden at St Michael's Golden-Domed Cathedral in Kyiv during Mr Biden's surprise visit, on February 20. AP
  • The two presidents embrace each other at a wreath-laying ceremony at the Wall of Remembrance of the Fallen for Ukraine, in Kyiv. EPA
    The two presidents embrace each other at a wreath-laying ceremony at the Wall of Remembrance of the Fallen for Ukraine, in Kyiv. EPA
  • President of the European Council Charles Michel, European Commission President Ursula von der Leyen and Mr Zelenskyy at a EU summit in Brussels in February 2023. AFP
    President of the European Council Charles Michel, European Commission President Ursula von der Leyen and Mr Zelenskyy at a EU summit in Brussels in February 2023. AFP
  • British Prime Minister Rishi Sunak and Mr Zelenskyy arriving to visit Ukrainian troops being trained in southern England in February 2023. PA
    British Prime Minister Rishi Sunak and Mr Zelenskyy arriving to visit Ukrainian troops being trained in southern England in February 2023. PA
  • Mr Zelenskyy is applauded after his address to parliamentarians at Westminster Hall, London, in February 2023. AP
    Mr Zelenskyy is applauded after his address to parliamentarians at Westminster Hall, London, in February 2023. AP
  • Ukraine's President receives a warm welcome at No 10 Downing Street. Photo: Simon Walker / No 10 Downing Street
    Ukraine's President receives a warm welcome at No 10 Downing Street. Photo: Simon Walker / No 10 Downing Street
  • Mr Zelenskyy addresses a media conference after the EU-Ukraine summit in Kyiv in February 2023. AP
    Mr Zelenskyy addresses a media conference after the EU-Ukraine summit in Kyiv in February 2023. AP
  • Joe Biden speaks to Mr Zelenskyy in the Oval Office of the White House, Washington DC, in December 2022. AP
    Joe Biden speaks to Mr Zelenskyy in the Oval Office of the White House, Washington DC, in December 2022. AP
  • Rishi Sunak and Mr Zelenskyy meet in Kyiv in November 2022. Getty Images
    Rishi Sunak and Mr Zelenskyy meet in Kyiv in November 2022. Getty Images
  • Mr Zelenskyy makes a surprise visit to Kherson, Ukraine, in November 2022. Getty Images
    Mr Zelenskyy makes a surprise visit to Kherson, Ukraine, in November 2022. Getty Images
  • Romanian President Klaus Iohannis, Italian Prime Minister Mario Draghi, Mr Zelenskyy, France President Emmanuel Macron and German Chancellor Olaf Scholz hold a press conference in Kyiv in June 2022. Getty Images
    Romanian President Klaus Iohannis, Italian Prime Minister Mario Draghi, Mr Zelenskyy, France President Emmanuel Macron and German Chancellor Olaf Scholz hold a press conference in Kyiv in June 2022. Getty Images
  • Mr Zelenskyy meets US Speaker Nancy Pelosi during a visit by a US congressional delegation in April 2022 in Kyiv. Getty Images
    Mr Zelenskyy meets US Speaker Nancy Pelosi during a visit by a US congressional delegation in April 2022 in Kyiv. Getty Images
  • Mr Zelenskyy speaks to the press in the town of Bucha, north-west of Kyiv, in April 2022, where he said the Russian leadership was responsible for killing civilians. AFP
    Mr Zelenskyy speaks to the press in the town of Bucha, north-west of Kyiv, in April 2022, where he said the Russian leadership was responsible for killing civilians. AFP
  • Mr Zelenskyy receives a standing ovation before he addresses the German Bundestag, in Berlin, via live video link from Kyiv in March 2022. Getty Images
    Mr Zelenskyy receives a standing ovation before he addresses the German Bundestag, in Berlin, via live video link from Kyiv in March 2022. Getty Images
  • A still from a video posted on the Facebook account of Mr Zelenskyy in February 2022 shows him speaking to camera in Kyiv after Russia's invasion. He said 'we are all here'. AFP
    A still from a video posted on the Facebook account of Mr Zelenskyy in February 2022 shows him speaking to camera in Kyiv after Russia's invasion. He said 'we are all here'. AFP
  • Mr Zelenskyy holds a briefing at the Office of the Head of State in Kyiv in February 2022, after Russian President Vladimir Putin launched a full-scale invasion of Ukraine. AFP
    Mr Zelenskyy holds a briefing at the Office of the Head of State in Kyiv in February 2022, after Russian President Vladimir Putin launched a full-scale invasion of Ukraine. AFP
  • British prime minister at the time, Boris Johnson, meets Mr Zelenskyy in No 10 Downing Street, London, in October 2020. Getty Images
    British prime minister at the time, Boris Johnson, meets Mr Zelenskyy in No 10 Downing Street, London, in October 2020. Getty Images
  • Prince William and his wife Catherine meet Mr Zelenskyy and his wife Olena at Buckingham Palace in October 2020. Getty Images
    Prince William and his wife Catherine meet Mr Zelenskyy and his wife Olena at Buckingham Palace in October 2020. Getty Images
  • Mr Zelenskyy, Mr Macron, Mr Putin and then-German chancellor Angela Merkel attend a summit on Ukraine at Elysee Palace in Paris in December 2019. Getty Images
    Mr Zelenskyy, Mr Macron, Mr Putin and then-German chancellor Angela Merkel attend a summit on Ukraine at Elysee Palace in Paris in December 2019. Getty Images
  • Mr Zelenskyy casts his ballot in parliamentary elections in July 2019 in Kyiv. Getty Images
    Mr Zelenskyy casts his ballot in parliamentary elections in July 2019 in Kyiv. Getty Images
  • Mr Zelenskyy, as Ukrainian president-elect, walks into the parliament to be sworn in, in May 2019. Getty Images
    Mr Zelenskyy, as Ukrainian president-elect, walks into the parliament to be sworn in, in May 2019. Getty Images
  • Mr Zelenskyy celebrates his victory in Ukraine's presidential election in April 2019 in Kyiv. Getty Images
    Mr Zelenskyy celebrates his victory in Ukraine's presidential election in April 2019 in Kyiv. Getty Images
  • Mr Zelenskyy, as Ukrainian presidential candidate, and his wife Olena cast their ballots in April 2019 in Kyiv. Getty Images
    Mr Zelenskyy, as Ukrainian presidential candidate, and his wife Olena cast their ballots in April 2019 in Kyiv. Getty Images
  • Mr Zelenskyy takes centre stage before a debate with then-president Petro Poroshenko at the Olympiskiy Stadium in April 2019 in Kyiv. Getty Images
    Mr Zelenskyy takes centre stage before a debate with then-president Petro Poroshenko at the Olympiskiy Stadium in April 2019 in Kyiv. Getty Images
  • Playing table tennis with a journalist at his election night gathering in March 2019 in Kyiv. Getty Images
    Playing table tennis with a journalist at his election night gathering in March 2019 in Kyiv. Getty Images
  • Mr Zelenskyy holds his ballot at a polling station before voting in Ukraine's presidential election in March 2019 in Kyiv. Getty Images
    Mr Zelenskyy holds his ballot at a polling station before voting in Ukraine's presidential election in March 2019 in Kyiv. Getty Images
  • Mr Zelenskyy backstage during the filming of his comedy show Liga Smeha (League of Laughter) in March 2019 in Kyiv. Getty Images
    Mr Zelenskyy backstage during the filming of his comedy show Liga Smeha (League of Laughter) in March 2019 in Kyiv. Getty Images

“If the United States was not fighting for Ukraine, then they certainly wouldn't be reinforcing Europe,” said Mr Clarke. “And instead of being a shot in the arm for Nato, a Russian takeover would have been a shot in the head to Nato,”

The alliance’s south-eastern European members would probably have struck deals with Russian President Vladimir Putin similar to what Hungary has done, knowing that they, too, were now vulnerable.

Ukraine would have been eviscerated as a state, denied any access to the Black Sea, “strangled as an independent country” and “turned into another Belarus client state”, said Mr Clarke.

Open intelligence

Aside from Mr Zelenskyy’s trailblazing war leader communication abilities, the part British and US intelligence played in the weeks and days leading to the war were highly significant.

Their security agencies openly predicted when the Russians would invade almost down the exact day and hour, and had warned of Mr Putin’s belligerent intent for months.

Until a few days before February 24, Kyiv had chosen to listen to French and other European intelligence, which proposed that the massed Russian armoured columns on the borders were no more than bluster.

Gen Barrons contended that Europe’s intelligence failure was “because they preferred not to think an invasion was going to happen”.

CCTV footage of Russian military equipment crossing a Crimea border checkpoint on February 24, 2022. AFP
CCTV footage of Russian military equipment crossing a Crimea border checkpoint on February 24, 2022. AFP

But the absolute clarity of US and UK intelligence finally persuaded Mr Zelenskyy of the peril ahead, allowing the military, the population and the wider world to prepare for the coming onslaught.

Mr Clarke described the intelligence move as “very usual but very successful” in that “took away the element of surprise” when Russia did attack.

“It also gave great credibility to everything that was then said after the invasion because what they said was going to happen actually happened,” said the former director of the Rusi think tank.

Brig Barry added: “Politically that was very important. It didn't change the Russian calculus but it did make it a lot easier as soon as the war started for America and Britain to tell Europe ‘well, we told you the Russians are serious, now let's work hard together to keep Ukraine in being’.”

But this could not hide “two great tragedies” of the war, said Gen Barrons: One was the West’s failure to adequately arm Ukraine after Mr Putin’s 2014 invasion and the other was that Europe’s denial of the intelligence “inhibited the sort of preparations that we are still trying to do now”.

“Since February, we're catching up with our failure to equip Ukraine and now we're doing it piecemeal,” he added.

Dumb Artillery

The intelligence warnings also galvanised the US and Britain to step up their arms supply from late 2021, with Ukraine receiving thousands of NLAWs — Next Generation Light Anti-Tank Weapon — alongside anti-tank Javelins and the man-portable Stinger air defence missiles.

Twitter and Telegram were filled with videos of these apparent wonder weapons shooting down helicopters or smashing into tank turrets.

Despite those images, Gen Barrons argued that it was “dumb artillery” rather than the NLAWs that broke the back of the Russian attack as well as the invaders’ “sheer incompetence”.

Ukrainian Territorial Defence Forces members train to use an NLAW anti-tank weapon on the outskirts of Kyiv in March 2022. AP
Ukrainian Territorial Defence Forces members train to use an NLAW anti-tank weapon on the outskirts of Kyiv in March 2022. AP

“They got a stuffing and there's a lot of talk about NLAWs but that’s massively overstated, “Gen Barrons said.

“By far the decisive weapon system that broke the Russian assault on Kyiv was dumb artillery because the Russians obliged by providing concentrations for which dumb artillery is the ideal weapon.

“So, for all the technology in this evolving orchestra of war, dumb artillery remains the decisive factor.”

Mr Clarke attached greater importance to the hurriedly shipped arms, suggesting that their portability and the previous training Ukraine had received from Nato countries meant they were able to operate in small units, picking off Russian armour and their vital fuel tankers.

“The Ukrainians used them very cannily, making those logistical problems worse for the Russians, which made them simply run out of steam and literally run out of food,” he said. “Without the NLAWs, the Russians would have encircled key cities.”

Brig Ben suggested that the imagery of NLAW attacks had a key impact, saying that “Ukrainians were fighting, but also making good use of the externally supplied equipment”.

That encouraged the West to provide even more advanced weaponry, culminating last month in heavy tanks, including German Leopards 2s.

Sluice gates

Perhaps it was his years as an actor and in particular in his role as Ukraine’s fictional president in the television series Servant of the People that allowed Mr Zelenskyy to craft an appealing and credible personality.

Clearly no acting was required with his country under attack, but his ability to say things in a powerful way has resonated with domestic opinion in the West to the point that he has persuaded Nato to send tanks against Russia.

Ukrainian President Volodymyr Zelenskyy speaks to the press in the town of Bucha, north-west of the Ukrainian capital Kyiv, in April 2022. AFP
Ukrainian President Volodymyr Zelenskyy speaks to the press in the town of Bucha, north-west of the Ukrainian capital Kyiv, in April 2022. AFP

“People want leaders who are decisive, bold and courageous because it helps them put up with very difficult circumstances,” said Gen Barrons.

And if he had taken that US “ride”, in a practical sense, it would have made it much harder to run the country, said Brig Barry, denying the necessary close co-ordination between government and military.

“With the government remaining in the capital, it could co-ordinate which bridges should be blown up or which sluice gates opened to allow water to be exploited as a defence and to help run the trains to get the refugees out,” Gen Barrons added.

“That would have been a lot more difficult if Zelenskyy had taken the ‘ride’.”

One year of the Russia-Ukraine war — in pictures

  • February 24 will be a year since Russia started the Ukraine war. The National picks out the most powerful images from the conflict. AFP
    February 24 will be a year since Russia started the Ukraine war. The National picks out the most powerful images from the conflict. AFP
  • A member of Ukraine's 79th Air Assault Brigade fires a rocket-propelled grenade at Russian positions near Marinka in February. Reuters
    A member of Ukraine's 79th Air Assault Brigade fires a rocket-propelled grenade at Russian positions near Marinka in February. Reuters
  • Ukrainian President Volodymyr Zelenskyy addresses MPs in Westminster Hall, London, in February 2023. Getty Images
    Ukrainian President Volodymyr Zelenskyy addresses MPs in Westminster Hall, London, in February 2023. Getty Images
  • Destroyed buildings 32km west of the front lines in Donetsk in January. Getty Images
    Destroyed buildings 32km west of the front lines in Donetsk in January. Getty Images
  • An anti-aircraft gun in January fires at Russian positions near Bakhmut, Donetsk. Reuters
    An anti-aircraft gun in January fires at Russian positions near Bakhmut, Donetsk. Reuters
  • Destruction in the village of Bohorodychne, Donetsk. AFP
    Destruction in the village of Bohorodychne, Donetsk. AFP
  • A Ukrainian artilleryman discards an empty shell on the outskirts of Bakhmut, eastern Ukraine, in December 2022. AFP
    A Ukrainian artilleryman discards an empty shell on the outskirts of Bakhmut, eastern Ukraine, in December 2022. AFP
  • Children receive presents from a Ukrainian soldier dressed as Santa on Christmas Eve in Sloviansk. Getty Images
    Children receive presents from a Ukrainian soldier dressed as Santa on Christmas Eve in Sloviansk. Getty Images
  • More than 1,000 missiles and rockets fired by Russian forces collected for cataloguing in Kharkiv in December 2022. Getty Images
    More than 1,000 missiles and rockets fired by Russian forces collected for cataloguing in Kharkiv in December 2022. Getty Images
  • The Metro provides shelter as Russia launches another missile attack on Kyiv, Ukraine's capital, in December 2022. Getty Images
    The Metro provides shelter as Russia launches another missile attack on Kyiv, Ukraine's capital, in December 2022. Getty Images
  • Children at a PE class in Kyiv after Russia abandoned its attempt to seize the capital in November 2022. Getty Images
    Children at a PE class in Kyiv after Russia abandoned its attempt to seize the capital in November 2022. Getty Images
  • A sniper searches for Russian positions on the bank of the Dnipro river in Kherson in November 2022. Getty Images
    A sniper searches for Russian positions on the bank of the Dnipro river in Kherson in November 2022. Getty Images
  • Graffiti by Banksy on a wall among the debris in Borodyanka in November 2022. Getty Images
    Graffiti by Banksy on a wall among the debris in Borodyanka in November 2022. Getty Images
  • Ukrainian flags flutter around graves in a cemetery for soldiers killed in action in Kharkiv in October 2022. Getty Images
    Ukrainian flags flutter around graves in a cemetery for soldiers killed in action in Kharkiv in October 2022. Getty Images
  • Parts of a drone, which Ukrainian authorities said was Iranian-made, after a Russian strike in Kyiv in October 2022. Reuters
    Parts of a drone, which Ukrainian authorities said was Iranian-made, after a Russian strike in Kyiv in October 2022. Reuters
  • An elderly woman is helped across a damaged bridge in Bakhmut in October 2022. Getty Images
    An elderly woman is helped across a damaged bridge in Bakhmut in October 2022. Getty Images
  • Fuel tanks ablaze on damaged sections of the Kerch bridge in Crimea, in October 2022. Reuters
    Fuel tanks ablaze on damaged sections of the Kerch bridge in Crimea, in October 2022. Reuters
  • A destroyed bridge makes crossing the Donets river difficult, in Staryi Saltiv, east of Kharkiv, in September 2022. AFP
    A destroyed bridge makes crossing the Donets river difficult, in Staryi Saltiv, east of Kharkiv, in September 2022. AFP
  • Firefighters at a thermal power plant in Kharkiv damaged by a Russian missile strike in September 2022. Reuters
    Firefighters at a thermal power plant in Kharkiv damaged by a Russian missile strike in September 2022. Reuters
  • Ukrainian soldier Oleksandr with his daughter Nikole at Lviv railway station in August 2022. Getty Images
    Ukrainian soldier Oleksandr with his daughter Nikole at Lviv railway station in August 2022. Getty Images
  • Ukrainian President Volodymyr Zelenskyy and then-British prime minister Boris Johnson read a plaque in Kyiv in August 2022 dedicated to the latter for his support. Getty Images
    Ukrainian President Volodymyr Zelenskyy and then-British prime minister Boris Johnson read a plaque in Kyiv in August 2022 dedicated to the latter for his support. Getty Images
  • Destroyed Russian military equipment on Khreshchatyk street in Kyiv. The materiel was turned into an open-air military museum ahead of Ukraine's Independence Day on August 24. AFP
    Destroyed Russian military equipment on Khreshchatyk street in Kyiv. The materiel was turned into an open-air military museum ahead of Ukraine's Independence Day on August 24. AFP
  • Shakhtar Donetsk v Metalist Kharkiv kicks off the Ukrainian Premier League season in August 2022 amid fears of bomb and missile alerts. EPA
    Shakhtar Donetsk v Metalist Kharkiv kicks off the Ukrainian Premier League season in August 2022 amid fears of bomb and missile alerts. EPA
  • Ukrainian servicemen fire an American-made 155mm M777 howitzer in July 2022 in the Kharkiv area. EPA
    Ukrainian servicemen fire an American-made 155mm M777 howitzer in July 2022 in the Kharkiv area. EPA
  • A bomb crater on the Antonovsky bridge across the Dnipro river in Kherson, July 2022. AFP
    A bomb crater on the Antonovsky bridge across the Dnipro river in Kherson, July 2022. AFP
  • Maksym and Andrii with plastic guns at a 'checkpoint' they set up while playing in Kharkiv, July 2022. AP
    Maksym and Andrii with plastic guns at a 'checkpoint' they set up while playing in Kharkiv, July 2022. AP
  • Ukrainian troops on Snake Island in June 2022. Reuters
    Ukrainian troops on Snake Island in June 2022. Reuters
  • A woman evacuated from an area of conflict in June 2022 contemplates what the next move might be. AP
    A woman evacuated from an area of conflict in June 2022 contemplates what the next move might be. AP
  • Romanian President Klaus Iohannis, Italian Prime Minister Mario Draghi, Ukrainian President Volodymyr Zelenskyy, French President Emmanuel Macron and German Chancellor Olaf Scholz in Kyiv in June 2022. Getty Images
    Romanian President Klaus Iohannis, Italian Prime Minister Mario Draghi, Ukrainian President Volodymyr Zelenskyy, French President Emmanuel Macron and German Chancellor Olaf Scholz in Kyiv in June 2022. Getty Images
  • Graves in Irpin cemetery, May 2022. Getty Images
    Graves in Irpin cemetery, May 2022. Getty Images
  • A Ukrainian soldier trapped within the besieged Azovstal Iron and Steel Works complex in Mariupol in May 2022. Reuters
    A Ukrainian soldier trapped within the besieged Azovstal Iron and Steel Works complex in Mariupol in May 2022. Reuters
  • The wreckage of a Russian helicopter in a bomb-cratered field in Biskvitne, May 2022. Getty Images
    The wreckage of a Russian helicopter in a bomb-cratered field in Biskvitne, May 2022. Getty Images
  • A Ukrainian army officer inspects a grain warehouse shelled by Russian forces in May 2022 near Novovorontsovka, Kherson. Getty Images
    A Ukrainian army officer inspects a grain warehouse shelled by Russian forces in May 2022 near Novovorontsovka, Kherson. Getty Images
  • A boy from Mariupol arriving at an evacuation point in Zaporizhzhia in May 2022. Getty Images
    A boy from Mariupol arriving at an evacuation point in Zaporizhzhia in May 2022. Getty Images
  • A Russian serviceman on guard outside Zaporizhzhia nuclear power station in May 2022. AFP
    A Russian serviceman on guard outside Zaporizhzhia nuclear power station in May 2022. AFP
  • Oksana searches for salvageable items on the destroyed second floor of her home in Hostomel, April 2022. Getty Images
    Oksana searches for salvageable items on the destroyed second floor of her home in Hostomel, April 2022. Getty Images
  • A floral memorial wall in Lviv for Ukrainian civilians killed during the Russian invasion, April 2022. Getty Images
    A floral memorial wall in Lviv for Ukrainian civilians killed during the Russian invasion, April 2022. Getty Images
  • People fleeing Lviv, eastern Ukraine, in April 2022, wait for a bus that will take them to Poland. Getty Images
    People fleeing Lviv, eastern Ukraine, in April 2022, wait for a bus that will take them to Poland. Getty Images
  • A Russian soldier patrols a bombed Mariupol theatre in April 2022, as Moscow intensified its campaign to take the strategic port city. AFP
    A Russian soldier patrols a bombed Mariupol theatre in April 2022, as Moscow intensified its campaign to take the strategic port city. AFP
  • A Ukrainian celebrates success in Hostomel in April 2022. Getty Images
    A Ukrainian celebrates success in Hostomel in April 2022. Getty Images
  • Julia Palovskaya reads to children during an air raid drill in the basement shelter at a preschool in Lviv, April 2022. Getty Images
    Julia Palovskaya reads to children during an air raid drill in the basement shelter at a preschool in Lviv, April 2022. Getty Images
  • Volodymyr Zelenskyy in Bucha in April 2022, where hundreds of bodies were found in the street and it was claimed the Russian leadership was responsible for killing civilians. AFP
    Volodymyr Zelenskyy in Bucha in April 2022, where hundreds of bodies were found in the street and it was claimed the Russian leadership was responsible for killing civilians. AFP
  • Oleh Smolin, 23, who suffered leg injuries from Russian shelling in April 2022, in hospital in Chuhuiv. Getty Images
    Oleh Smolin, 23, who suffered leg injuries from Russian shelling in April 2022, in hospital in Chuhuiv. Getty Images
  • Fleeing refugees arrive at the border train station of Zahony, Hungary, in March 2022. Getty Images
    Fleeing refugees arrive at the border train station of Zahony, Hungary, in March 2022. Getty Images
  • A father says goodbye to his daughter on an evacuation train about to leave Odesa in March 2022. AFP
    A father says goodbye to his daughter on an evacuation train about to leave Odesa in March 2022. AFP
  • Ukrainians under a destroyed bridge as they try to cross the Irpin river on the outskirts of Kyiv in March 2022. AP
    Ukrainians under a destroyed bridge as they try to cross the Irpin river on the outskirts of Kyiv in March 2022. AP
  • People cram into Kyiv station to catch trains to Poland or to western parts of Ukraine, shortly after the initial invasion in February 2022. Getty Images
    People cram into Kyiv station to catch trains to Poland or to western parts of Ukraine, shortly after the initial invasion in February 2022. Getty Images
  • A demonstration in support of Ukraine in Trafalgar Square, London, February 2022 . Getty Images
    A demonstration in support of Ukraine in Trafalgar Square, London, February 2022 . Getty Images
  • Russian army vehicles in Armyansk, Crimea, in February 2022. AFP
    Russian army vehicles in Armyansk, Crimea, in February 2022. AFP
  • Volodymyr Zelenskyy in Kyiv on February 25, 2022, in a video on Facebook. He said 'we are all here', shortly after the Russian invasion began. AFP
    Volodymyr Zelenskyy in Kyiv on February 25, 2022, in a video on Facebook. He said 'we are all here', shortly after the Russian invasion began. AFP
  • A residential building damaged by a missile strike in Kyiv in February 2022. Getty Images
    A residential building damaged by a missile strike in Kyiv in February 2022. Getty Images
  • A metro station in Kyiv in February 2022, crowded with people trying to escape the invasion. AFP
    A metro station in Kyiv in February 2022, crowded with people trying to escape the invasion. AFP
  • A police officer addresses people gathered to protest against the invasion of Ukraine, in central Saint Petersburg, Russia, February 2022. AFP
    A police officer addresses people gathered to protest against the invasion of Ukraine, in central Saint Petersburg, Russia, February 2022. AFP
  • A protester in support of Ukraine, in Berlin, Germany, in February 2022. Getty Images
    A protester in support of Ukraine, in Berlin, Germany, in February 2022. Getty Images
  • Ukrainian soldiers prepare to repel an attack in Ukraine's Lugansk region on February 24, 2022. AFP
    Ukrainian soldiers prepare to repel an attack in Ukraine's Lugansk region on February 24, 2022. AFP
  • Volodymyr Zelenskyy in Kyiv on February 24, 2022, after Russia launched a full-scale invasion. AFP
    Volodymyr Zelenskyy in Kyiv on February 24, 2022, after Russia launched a full-scale invasion. AFP
  • A mass exodus from Kyiv after pre-offensive missile strikes by Russian armed forces on February 24, 2022. Getty Images
    A mass exodus from Kyiv after pre-offensive missile strikes by Russian armed forces on February 24, 2022. Getty Images
  • Security personnel inspect the remains of a shell in Kyiv on February 24, 2022, soon after Russian President Vladimir Putin announced a military operation in Ukraine. AFP
    Security personnel inspect the remains of a shell in Kyiv on February 24, 2022, soon after Russian President Vladimir Putin announced a military operation in Ukraine. AFP
  • CCTV footage shows Russian military equipment crossing a Crimea border checkpoint on February 24, 2022. AFP
    CCTV footage shows Russian military equipment crossing a Crimea border checkpoint on February 24, 2022. AFP
  • Russian President Vladimir Putin in the Kremlin early on February 24, 2022, when he announced a 'military operation' in Ukraine. AFP
    Russian President Vladimir Putin in the Kremlin early on February 24, 2022, when he announced a 'military operation' in Ukraine. AFP

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

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Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
MATCH INFO

Champions League quarter-final, first leg

Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

Villains
Queens of the Stone Age
Matador

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.”

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

The bio

Who inspires you?

I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist

How do you relax?

Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.

What is favourite book?

The Perks of Being a Wallflower - I think I've read it more than 7 times

What is your favourite Arabic film?

Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki

What is favourite English film?

Mamma Mia

Best piece of advice to someone looking for a career at Google?

If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.  

 

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
%3Cp%3E%3Cstrong%3EUAE%20results%3C%2Fstrong%3E%0D%3Cbr%3EIreland%20beat%20UAE%20by%20six%20wickets%0D%3Cbr%3EZimbabwe%20beat%20UAE%20by%20eight%20wickets%0D%3Cbr%3EUAE%20beat%20Netherlands%20by%2010%20wickets%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFixtures%3C%2Fstrong%3E%0D%3Cbr%3EUAE%20v%20Vanuatu%2C%20Thursday%2C%203pm%2C%20Zayed%20Cricket%20Stadium%0D%3Cbr%3EIreland%20v%20Netherlands%2C%207.30pm%2C%20Zayed%20Cricket%20Stadium%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EGroup%20B%20table%3C%2Fstrong%3E%0D%3Cbr%3E1)%20Ireland%203%203%200%206%20%2B2.407%0D%3Cbr%3E2.%20Netherlands%203%202%201%204%20%2B1.117%0D%3Cbr%3E3)%20UAE%203%201%202%202%200.000%0D%3Cbr%3E4)%20Zimbabwe%204%201%203%202%20-0.844%0D%3Cbr%3E5)%20Vanuatu%203%201%202%202%20-2.180%3C%2Fp%3E%0A
Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

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

MATCH INFO

Fixture: Thailand v UAE, Tuesday, 4pm (UAE)

TV: Abu Dhabi Sports

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
SPECS
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Updated: February 22, 2023, 9:46 AM