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Russia says it conducted a first test launch of its Sarmat intercontinental ballistic missile (ICBM) on Wednesday.
President Vladimir Putin called the Sarmat a “truly unique weapon” that is “capable of overcoming all modern means of anti-missile defence”.
But the US dismissed Wednesday's test as "routine".
So what is an ICBM and what is new about this Russian technology?
What is an ICBM?
ICBM stands for "intercontinental ballistic missile" – land-based rockets that are capable of launching nuclear warheads to strike targets thousands of kilometres away on other continents.
They launch much like a conventional rocket, entering the edge of space. A single ICBM can carry dozens of nuclear warheads, as well as decoys and other tools to help the missiles evade defence systems. Being in orbit, a single ICBM is also able to target numerous sites over a large geographical area – releasing nuclear warheads as it passes over its targets.
These warheads then fall to Earth at huge speeds – about seven kilometres per second.
How long has Russia had ICBMs?
The first ICBMs were developed by the Soviet Union in the 1950s, followed immediately by the US. China produced its first ICBMs in the 1970s. Early versions were slower and carried lighter payloads than modern versions.
What is the Sarmat missile and what is new about it?
The Sarmat is a heavy missile that has been under development for nearly a decade to replace the Soviet-made Voyevoda, which was code-named Satan by the West and forms the core of Russia’s nuclear deterrent.
The weapon, designed and built by the Makeyev Rocket Design Bureau, was announced by Mr Putin in 2018 at his annual state of the nation address, although it was reportedly supposed to become operational by 2016.
It is named after the Sarmatian people of the fourth and fifth century BC. It has also been referred to in the West as the "Satan II".
The super-heavy, thermonuclear-armed ICBM is thought to be Russia’s most powerful ICBM.
It has a range of about 18,000 kilometres and can travel at a maximum speed of 25,500kph. The RS-28 Sarmat is said to be able to carry a nuclear payload large enough to wipe out an area the size of Texas.
While the RS-28 Sarmat can be launched much like a regular ICBM, sending a payload high into the stratosphere before the warheads plummet to earth, it is thought to be also capable of what is called fractional orbital bombardment.
A fractional orbital bombardment means firing an ICBM into a low orbit of the Earth – much lower than a conventional firing – potentially in the opposite direction to the target.
The low orbit gives it an almost limitless range and makes it hard to determine the intended target while going the opposite direction around the Earth would, in theory, mean it could evade missile detection systems. For example, most US missile defence systems aimed at thwarting a Russian attack are focused on detecting missiles flying over the Arctic Circle, while the RS-28 Sarmat could, in theory, be fired over the South Pole and hit a US target where there are no defence systems in place.
The technology is not new and was pioneered by the Soviet Union in the 1960s and 1970s. However, the USSR decommissioned and dismantled their fractional orbital bombardment systems by 1982, for a number of reasons, including questionable accuracy, the questionable defence need and the concern they caused among Nato nations, exacerbating Cold War tensions.
Why did Russia test the ICBM now?
The test launch of the Sarmat missile comes as tensions soar between Moscow and the West over the Russian military action in Ukraine.
It again highlights the Kremlin’s emphasis on the country’s nuclear forces.
Russia’s Defence Ministry said the Sarmat was launched on Wednesday from the Plesetsk launch facility in northern Russia and its practice warheads had successfully reached mock targets on the Kura firing range on the far eastern Kamchatka Peninsula.
It said the launch was fully successful, proving the missile’s characteristics “in all phases of its flight”.
What does the West think of the test?
The US did not seem concerned about the test.
Russia told the US in advance about the launch, in line with the New START nuclear arms control treaty between Moscow and Washington, according to Pentagon press secretary John Kirby.
“Russia properly notified the United States under its New START obligations that it planned to test this ICBM,” he said. “Such testing is routine. It was not a surprise. We did not deem the test to be a threat to the United States or its allies.”
What do experts make of the test?
Jack Watling of the Rusi think tank in London told Reuters there was an element of posturing and symbolism involved, less than three weeks before the annual Victory Day parade where Russia traditionally shows off its latest weapons.
"The timing of the test reflects the Russians wanting to have something to show as a technological achievement in the lead-up to Victory Day, at a time when a lot of their technology has not delivered the results they would have liked," Mr Watling said.
Douglas Barrie, a senior fellow for military aerospace at the International Institute for Strategic Studies, said the launch was an important milestone after years of delays caused by funding issues and design challenges.
He said more tests would be needed before Russia could actually use it to replace ageing SS-18 and SS-19 missiles that were "well past their sell-by date".
Mr Barrie said the Sarmat's ability to carry 10 or more warheads and decoys, and Russia's option of firing it over either of the Earth's poles, posed a challenge to ground and satellite-based radar and tracking systems.
Igor Korotchenko, editor in chief of Russia's National Defence magazine, told RIA news agency it was a signal to the West that Moscow was capable of meting out "crushing retribution that will put an end to the history of any country that has encroached on the security of Russia and its people".
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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.
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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.
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