• Firefighters arrive at a military building in Kiev that was damaged in an explosion. EPA
    Firefighters arrive at a military building in Kiev that was damaged in an explosion. EPA
  • A man looks at the debris of an unidentified object in the aftermath of an explosion in Kiev. EPA
    A man looks at the debris of an unidentified object in the aftermath of an explosion in Kiev. EPA
  • Black smoke rises from a military airport in Chuguyev near Kharkiv. AFP
    Black smoke rises from a military airport in Chuguyev near Kharkiv. AFP
  • People take shelter in a Kiev subway station, after Russian President Vladimir Putin authorised a military operation in eastern Ukraine. Reuters
    People take shelter in a Kiev subway station, after Russian President Vladimir Putin authorised a military operation in eastern Ukraine. Reuters
  • A Kiev underground train station provides some shelter. Reuters
    A Kiev underground train station provides some shelter. Reuters
  • Clear airspace over Ukraine, shortly after the attack began, as shown on the Flightradar24 website. AP
    Clear airspace over Ukraine, shortly after the attack began, as shown on the Flightradar24 website. AP
  • Kiev residents leave the city following pre-offensive missile strikes by the Russian armed forces and Belarus. Getty
    Kiev residents leave the city following pre-offensive missile strikes by the Russian armed forces and Belarus. Getty
  • Russian President Vladimir Putin justified the attack in a televised address, saying it was to protect civilians in eastern Ukraine. AP
    Russian President Vladimir Putin justified the attack in a televised address, saying it was to protect civilians in eastern Ukraine. AP
  • Ukrainian President Volodymyr Zelenskyy addresses the nation in Kiev. He has declared martial law, saying Russia has targeted Ukraine's military infrastructure. AP
    Ukrainian President Volodymyr Zelenskyy addresses the nation in Kiev. He has declared martial law, saying Russia has targeted Ukraine's military infrastructure. AP
  • Firefighters extinguish a blaze at a house in Muratovo, in Ukraine's Luhansk enclave. AFP
    Firefighters extinguish a blaze at a house in Muratovo, in Ukraine's Luhansk enclave. AFP
  • The house is said to have been hit during shelling by Russian-backed separatists. AFP
    The house is said to have been hit during shelling by Russian-backed separatists. AFP
  • The coffin of Capt Anton Sidorov is carried by members of the honour guard during a ceremony held at the Ministry of Defence in Kiev, Ukraine. Getty
    The coffin of Capt Anton Sidorov is carried by members of the honour guard during a ceremony held at the Ministry of Defence in Kiev, Ukraine. Getty
  • A picture memorial for those killed in the confrontation between Ukraine's military and pro-Russia separatist forces, in the Luhansk region in eastern Ukraine. AP
    A picture memorial for those killed in the confrontation between Ukraine's military and pro-Russia separatist forces, in the Luhansk region in eastern Ukraine. AP
  • UN Secretary General Antonio Guterres and Russia's Ambassador to the UN, Vassily Nebenzia, attend a Security Council meeting in New York to discuss the crisis in Ukraine. Reuters
    UN Secretary General Antonio Guterres and Russia's Ambassador to the UN, Vassily Nebenzia, attend a Security Council meeting in New York to discuss the crisis in Ukraine. Reuters
  • Ukraine's UN ambassador Sergey Kyslytsya speaks during an emergency meeting of the Security Council. AP
    Ukraine's UN ambassador Sergey Kyslytsya speaks during an emergency meeting of the Security Council. AP
  • US Army soldiers from the 82nd Airborne Division head towards an air base near Arlamow, Poland. Reuters
    US Army soldiers from the 82nd Airborne Division head towards an air base near Arlamow, Poland. Reuters
  • An employee works at the gun counter of a tactical equipment shop in Kiev, Ukraine. Getty
    An employee works at the gun counter of a tactical equipment shop in Kiev, Ukraine. Getty
  • A Ukrainian soldier speaks on a walkie-talkie at his position at the line of separation between Ukraine-held territory and rebel-held territory near Svitlodarsk, eastern Ukraine. AP
    A Ukrainian soldier speaks on a walkie-talkie at his position at the line of separation between Ukraine-held territory and rebel-held territory near Svitlodarsk, eastern Ukraine. AP
  • A man removes his belongings from his house after it was struck by artillery shells in Novoluhanske, eastern Ukraine. AP
    A man removes his belongings from his house after it was struck by artillery shells in Novoluhanske, eastern Ukraine. AP
  • A damaged house in Vibrovka village. EPA
    A damaged house in Vibrovka village. EPA
  • A man shows a poster in support of Ukraine as he protests against the escalation of the tension between Russia and Ukraine, in Berlin. AP
    A man shows a poster in support of Ukraine as he protests against the escalation of the tension between Russia and Ukraine, in Berlin. AP
  • Soldiers carry the coffin of Capt Anton Sydorov, 35, after he was killed in eastern Ukraine. AP
    Soldiers carry the coffin of Capt Anton Sydorov, 35, after he was killed in eastern Ukraine. AP
  • Workers look into a destroyed house after shelling near the city of Novoluhanske in Donetsk. Reuters
    Workers look into a destroyed house after shelling near the city of Novoluhanske in Donetsk. Reuters
  • Destroyed buildings in Krasnogorivka, Ukraine. AFP
    Destroyed buildings in Krasnogorivka, Ukraine. AFP
  • Smoke rises from a power plant after shelling outside the town of Schastia, a day after Moscow recognised two Ukrainian separatist republics and ordered the Russian Army to send in troops as ‘peacekeepers’. AFP
    Smoke rises from a power plant after shelling outside the town of Schastia, a day after Moscow recognised two Ukrainian separatist republics and ordered the Russian Army to send in troops as ‘peacekeepers’. AFP
  • A Ukrainian Army soldier trudges through the wintry streets of Schastia on patrol. AFP
    A Ukrainian Army soldier trudges through the wintry streets of Schastia on patrol. AFP
  • Three women run for cover during shelling in Schastia, eastern Ukraine. AFP
    Three women run for cover during shelling in Schastia, eastern Ukraine. AFP
  • Russian tanks and armoured vehicles on the road in Rostov. EPA
    Russian tanks and armoured vehicles on the road in Rostov. EPA
  • A woman shares food with dogs in Stanytsia Luhanska, a crossing point between Ukrainian government-controlled areas and pro-Russian separatists' territory. AP
    A woman shares food with dogs in Stanytsia Luhanska, a crossing point between Ukrainian government-controlled areas and pro-Russian separatists' territory. AP
  • People wave Russian flags in Donetsk, the territory controlled by pro-Russian militants, in eastern Ukraine. AP
    People wave Russian flags in Donetsk, the territory controlled by pro-Russian militants, in eastern Ukraine. AP
  • A tank drives along a street in the city of Donetsk. Reuters
    A tank drives along a street in the city of Donetsk. Reuters
  • Ukrainian President Volodymyr Zelenskyy addresses the nation on TV and says 'we are not afraid' after Russian President Vladimir Putin ordered troops into Donetsk and Luhansk, two Moscow-backed rebel regions of Ukraine. AFP
    Ukrainian President Volodymyr Zelenskyy addresses the nation on TV and says 'we are not afraid' after Russian President Vladimir Putin ordered troops into Donetsk and Luhansk, two Moscow-backed rebel regions of Ukraine. AFP
  • A military truck in Donetsk after Mr Putin ordered the deployment of Russian troops to the city. Reuters
    A military truck in Donetsk after Mr Putin ordered the deployment of Russian troops to the city. Reuters
  • Russian state television showed Mr Putin signing a decree recognising the independence of the two Ukrainian breakaway regions. Reuters
    Russian state television showed Mr Putin signing a decree recognising the independence of the two Ukrainian breakaway regions. Reuters
  • US President Joe Biden signs an executive order at the White House to prohibit trade and investment between US individuals and the two breakaway regions of eastern Ukraine. Reuters
    US President Joe Biden signs an executive order at the White House to prohibit trade and investment between US individuals and the two breakaway regions of eastern Ukraine. Reuters
  • Mr Putin signs documents, including the decree recognising two Russian-backed breakaway regions in eastern Ukraine. Reuters
    Mr Putin signs documents, including the decree recognising two Russian-backed breakaway regions in eastern Ukraine. Reuters
  • Ukraine ambassador to the United Nations, Sergiy Kyslytsya, addresses an emergency meeting of the UN Security Council on the situation between Ukraine and Russia in New York. EPA
    Ukraine ambassador to the United Nations, Sergiy Kyslytsya, addresses an emergency meeting of the UN Security Council on the situation between Ukraine and Russia in New York. EPA

Russian forces strike major cities in Ukraine as Putin launches full-scale invasion


Ismaeel Naar
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Live updates: follow the latest news on Russia-Ukraine

Up to 40 people have been killed in Russian attacks on Ukraine, an adviser to President Volodymyr Zelenskyy has said.

The adviser, Oleksii Arestovich, said several dozen people had been wounded.

Regional authorities in the southern port city of Odessa said 18 people were killed in a Russian missile strike.

At least six others were killed in the town of Brovary, near the capital Kiev, local authorities told Reuters.

The border guard said separately that Russian military columns have crossed the Ukrainian frontier into the Chernihiv, Kharkiv and Luhansk areas of Ukraine.

Russia's defence ministry said on Thursday it had taken out military infrastructure at Ukraine's airbases and “suppressed” its air defences, Russian news agencies reported.

The ministry denied reports that some of its aircraft had been shot down over Ukraine.

Ukraine's military said on Thursday it had destroyed four Russian tanks on a road near the eastern city of Kharkiv, killed 50 troops near a town in Luhansk and shot down a sixth Russian aircraft, also in the country's east.

Russia has denied reports its aircraft or armoured vehicles were destroyed.

“The air defence assets of the Ukrainian armed forces have been suppressed,” Interfax quoted the ministry as saying.

Russian forces were trying to capture the Chernobyl nuclear power plant, President Zelenskyy said on Twitter.

The plant was the site of the world’s worst nuclear accident when a nuclear reactor exploded in April 1986, spewing radioactive waste across Europe. The plant lies 130 kilometres north of Kiev.

The exploded reactor has been covered by a protective shelter to prevent radiation leak and the entire plant has been decommissioned.

Mr Zelenskyy said on Twitter that “our defenders are giving their lives so that the tragedy of 1986 will not be repeated.” He added that “this is a declaration of war against the whole of Europe.”

Earlier, explosions were heard in the Ukrainian capital Kiev. Blasts were also heard in Kharkiv and in the city of Odessa, agencies reported.

Kharkiv, Ukraine's second-largest city, is only 35km south of the Russian border and outside the eastern zone where Ukrainian forces have been battling Moscow-backed insurgents since 2014.

Ukraine and its allies condemned the operation, which the Ukrainian foreign minister called a “full-scale war".

Ukraine, a democracy of 44 million people with more than 1,000 years of history, is the biggest country in Europe by area after Russia.

It voted overwhelmingly for independence from Moscow after the fall of the Soviet Union and aims to join Nato and the European Union.

Russian military vehicles breached the Kiev region from Belarus to the north, Ukrainian officials said, after tanks reportedly rolled earlier into Ukraine from Crimea.

A senior Russian MP said Russia aims to ensure there is a pro-Moscow government in Kiev, pushing out US influence. President Putin has summoned tycoons to the Kremlin.

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Mr Putin, who denied for months that he was planning an invasion, has called Ukraine an artificial creation carved from Russia by enemies, a characterisation Ukrainians call shocking and false.

Russia said it had so far targeted Ukraine's military infrastructure, air defence and air forces with high-precision weapons, and had not attacked Ukrainian cities, the Russian defence ministry said, according to RIA news agency.

The Russian president told other countries any attempt to interfere with the Russian action would “lead to consequences you have never seen in history”.

The Ukrainian president earlier rejected Moscow’s claims that his country posed a threat to Russia and made a passionate plea for peace.

US President Joe Biden said the world would “hold Russia accountable”, and Nato’s head called Russia’s actions a breach of international law and a threat to the security of Europe and its Atlantic allies.

British Prime Minister Boris Johnson has said a “vast invasion is under way by land, by sea and by air”, as he vowed to introduce more sanctions which would “hobble the Russian economy".

German Chancellor Olaf Scholz said Russia’s attack on the former Soviet nation had brought about a “dark day for Europe” and expressed his country’s “full solidarity with Kiev”. Mr Scholz said in Berlin that new sanctions would be imposed on Russia by Germany and its allies would show that “Putin has made a serious mistake with his war”.

Turkey called on Russia to halt what it described as “unfair and unlawful” actions in Ukraine.

A Turkish Foreign Ministry statement called the Russian attack “unacceptable” and said Turkey rejected it. The ministry warned the attack posed "a serious threat to the security of our region and of the world”.

Ukraine’s ambassador to the UK, Vadym Prystaiko, called for a no-fly zone to be put in place over his country.

Greece has urged France, which holds the rotating EU presidency, to call an emergency meeting of the bloc's energy ministers to discuss a collective response to surging energy prices, a trend now further exacerbated by Russia's attack on Ukraine.

Kostas Skrekas, the Greek Energy Minister, said the energy crisis had a "destructive impact" on the life of European citizens, on industries and economies. His letter dated February 24 was co-signed by his Bulgarian and Romanian counterparts.

"This is a crisis situation, which requires an EU level response," Mr Skrekas wrote in the letter addressed to French Ecological Transition Minister Barbara Pompili. "In this light, we would ask the French Presidency to organise an extraordinary meeting of the Council of Energy Ministers as soon as possible."

Ukraine declares martial law

Ukraine's President Zelenskyy announced the country will now be under martial law.

“We are working,” he told his people in a video message. “The army is working. Don't panic. We are strong. We are ready for everything. We will defeat everyone. Because we are Ukraine.”

Before Mr Putin’s announcement, world leaders worked to maintain a united stance and vowed to impose tougher sanctions in the event of an invasion.

Mr Putin’s declaration came even as the UN Security Council was in an emergency meeting on Wednesday night regarding the crisis, at Ukraine’s request.

Ukraine closed its civilian airspace overnight, citing a “potential hazard”, hours after a conflict zone monitor said airlines should stop flights because of the risk of aircraft being shot down or hit by cyberattacks.

The UN previously called for a ceasefire in eastern Ukraine, where sporadic fighting has taken place between Russian-backed separatists and the Ukrainian government since 2014.

Lt Col Tyson K Wetzel, the 2021-2022 senior US Air Force fellow at the Atlantic Council's Scowcroft Centre for Strategy and Security, said he believed Ukrainians had strong defences.

“I think they’re going to trade space for time and potentially do a retrograde and allow the Russian forces to come in, and do ambushes, bloody tactics. I think this will be very costly for the Russians in the medium term. I’m dubious of them being able to take the entire country. I don’t think this is going to be happening in the first three to five days of the conflict,” Mr Wetzel said.

Ukrainian MP Lesia Vasylenko said Russian troops were moving “inward into Ukraine” after breaching borders.

On Thursday people arrived in the Polish village of Medyka, close to the Ukrainian border, after fleeing the violence.

Mariusz Kaminski, Poland’s Minister of Internal Affairs, said the country had for weeks been bracing for a “wave of refugees” and would “do everything possible to make those in need find a shelter.”

EU plans ‘strongest package’ of sanctions

The European Union is planning at an emergency session on Thursday the “strongest, the harshest package” of sanctions it has ever considered.

“We will freeze Russian assets in the European Union and stop the access of Russian banks to European financial markets,” European Commission President Ursula von der Leyen said at a news conference on Thursday morning. “These sanctions are designed to take a heavy toll on the Kremlin's interests and their ability to finance war. And we know that millions of Russians do not want war.”

Russian assets nosedived as military attacks across Ukraine prompted emergency central bank action and investors braced for the toughest round of Western sanctions yet.

More than $250 billion was lost in stock market value.

The rouble sank to a record low and stocks collapsed 45 per cent — their biggest retreat.

Russian Eurobonds plummeted, pushing some into distressed territory.

The Bank of Russia said it will intervene in the foreign exchange market for the first time in years and take measures to tame volatility in financial markets.

European Commission President Ursula von der Leyen gives a statement on Ukraine at the EU headquarters in Brussels. AP
European Commission President Ursula von der Leyen gives a statement on Ukraine at the EU headquarters in Brussels. AP

Kiev government closes schools and looks to open bomb shelters

Under the new martial law order in Ukraine, schools and nurseries will be closed and the country's entire hospital and medical system will be working in intensified mode.

The government is looking into opening bomb shelters around the capital.

According to a memo, all those not working in critical roles should stay at home and be prepared to go to shelters should sirens sound.

The government released a map directing residents to various shelters around the city.

People queued to withdraw money and buy supplies of food and water in Kiev. Traffic was jammed going west out of the city towards the Polish border.

Western countries have been preparing for the likelihood of hundreds of thousands of Ukrainians fleeing an assault.

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
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

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.”

T20 SQUADS

Australia: Aaron Finch (c), Mitchell Marsh, Alex Carey, Ashton Agar, Nathan Coulter-Nile, Chris Lynn, Nathan Lyon, Glenn Maxwell, Ben McDermott, D’Arcy Short, Billy Stanlake, Mitchell Starc, Andrew Tye, Adam Zampa.

Pakistan: Sarfraz Ahmed (c), Fakhar Zaman, Mohammad Hafeez, Sahibzada Farhan, Babar Azam, Shoaib Malik, Asif Ali, Hussain Talat, Shadab Khan, Shaheen Shah Afridi, Usman Khan Shinwari, Hassan Ali, Imad Wasim, Waqas Maqsood, Faheem Ashraf.

The years Ramadan fell in May

1987

1954

1921

1888

Updated: February 24, 2022, 8:41 PM