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.
“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.
“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”.
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”.
“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.
“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
Tentative schedule of 2017/18 Ashes series
1st Test November 23-27, The Gabba, Brisbane
2nd Test December 2-6, Adelaide Oval, Adelaide
3rd Test Dcember 14-18, Waca, Perth
4th Test December 26-30, Melbourne Cricket Ground, Melbourne
5th Test January 4-8, Sydney Cricket Ground, Sydney
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
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Tips on buying property during a pandemic
Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.
While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.
While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar.
Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.
Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.
Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities.
Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong.
Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.
The Dark Blue Winter Overcoat & Other Stories From the North
Edited and Introduced by Sjón and Ted Hodgkinson
Pushkin Press
Under 19 World Cup
Group A: India, Japan, New Zealand, Sri Lanka
Group B: Australia, England, Nigeria, West Indies
Group C: Bangladesh, Pakistan, Scotland, Zimbabwe
Group D: Afghanistan, Canada, South Africa, UAE
UAE fixtures
Saturday, January 18, v Canada
Wednesday, January 22, v Afghanistan
Saturday, January 25, v South Africa
Racecard:
6.30pm: Mazrat Al Ruwayah (PA) | Group 2 | US$55,000 (Dirt) | 1,600 metres
7.05pm: Meydan Sprint (TB) | Group 2 | $250,000 (Turf) | 1,000m
7.40pm: Firebreak Stakes | Group 3 | $200,000 (D) | 1,600m
8.15pm: Meydan Trophy | Conditions (TB) | $100,000 (T) | 1,900m
8.50pm: Balanchine | Group 2 (TB) | $250,000 (T) | 1,800m
9.25pm: Handicap (TB) | $135,000 (D) | 1,200m
10pm: Handicap (TB) | $175,000 (T) | 2,410m.
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
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match info
Manchester United 3 (Martial 7', 44', 74')
Sheffield United 0
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 specs: Lamborghini Aventador SVJ
Price, base: Dh1,731,672
Engine: 6.5-litre V12
Gearbox: Seven-speed automatic
Power: 770hp @ 8,500rpm
Torque: 720Nm @ 6,750rpm
Fuel economy: 19.6L / 100km
Napoleon
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