Ukrainian troops fire an American-made howitzer from positions in the Kharkiv area. EPA
Ukrainian troops fire an American-made howitzer from positions in the Kharkiv area. EPA
Ukrainian troops fire an American-made howitzer from positions in the Kharkiv area. EPA
Ukrainian troops fire an American-made howitzer from positions in the Kharkiv area. EPA

'Winter is coming': Ukraine's six-month nightmare poised to get worse


Tim Stickings
  • English
  • Arabic

If reaching the milestone of six months of war in Ukraine were not bad enough, one fact is about to make things worse: winter is coming.

The multi-tiered nightmare unleashed since February 24 on Ukraine’s civilian population and the world’s food and energy markets is showing no sign of ending, with peace talks seemingly at a dead end.

Within Ukraine, living among the rubble of destroyed houses and damaged power supplies will not get any easier once the cold weather sets in, with charity workers warning that some will struggle to meet basic needs.

“Even if the conflict stopped today, the needs will still be there for months and years to come,” Birgitte Ebbesen, the European regional director for the International Federation of the Red Cross, told The National.

And beyond the war zone, there is much concern over whether the resolve of Europe and the West to support Ukraine — and its refugees — will survive a season of scarce energy supplies and soaring household bills.

Although some Ukrainians have returned across the border, it is thought that many are checking on their homes or visiting relatives rather than returning for good to a country where Russian missile strikes are a daily occurrence.

Ukraine crisis — in pictures

Military quagmire

Ukraine’s resilience has impressed and inspired many people in Europe but the conflict with Russia has developed into a slow-moving war of attrition with no clear end in sight, and there are risks to both sides with the war dragging on.

President Volodymyr Zelenskyy urged G7 leaders to help Ukraine into a winning position by December, and the concern in Kyiv is that Russian troops will be harder to dislodge the longer they keep a foothold in Ukraine.

But there is also a feeling among western officials that Russia did not plan properly for a long campaign, with some of its troops struggling for fuel and apparently resorting to looting grocery stores in Ukraine.

“Winter is coming and it will be hard, and what we see now is a grinding war of attrition. This is a battle of wills and a battle of logistics,” Nato Secretary General Jens Stoltenberg told Mr Zelenskyy on Tuesday.

Ukrainian soldiers keep watch at a position near a front line, in the Zaporizhzhia region. Reuters
Ukrainian soldiers keep watch at a position near a front line, in the Zaporizhzhia region. Reuters

Both sides are pessimistic about peace talks, which have made no progress since March, and Mr Zelenskyy has given repeated warnings that they will become impossible if Russia keeps crossing red lines.

However, neither side’s ideal endgame — a Russian victory that bends Ukraine to the Kremlin’s will, or a Ukrainian offensive that restores control over the Crimean peninsula — is obviously within sight.

Ukraine’s western allies stopped short of embracing a Crimean offensive at a summit dedicated to the peninsula on Tuesday, instead saying they would reject any attempt to absorb further territory into Russia.

Amid concern they will lose interest, Ukraine’s allies have repeatedly been urged to see the war as a struggle for freedom and a necessary act of resistance to Russia’s imperialist designs.

“Ukrainians are fighting not just for their own sovereignty and independence, but also for the second liberation of Eastern Europe, finishing the process that began in 1989,” said Atlantic Council fellow Brian Whitmore.

Ukrainian emergency workers and troops clear up the site of a Russian missile strike, in Vinnytsia. EPA
Ukrainian emergency workers and troops clear up the site of a Russian missile strike, in Vinnytsia. EPA

Humanitarian crisis

It is a bleak picture for Ukrainian civilians. Millions have been displaced within Ukraine and some fled their homes with only what they could carry, leaving them without warm clothing or winter boots.

Many residential areas were damaged in missile strikes, and charity workers warn that even minor damage such as a broken window can have a major effect in cold weather.

“People are running out of resources and need our support increasingly,” said Ms Ebbesen. Many Ukrainians were glad to receive cash assistance so they could buy the clothes they need, she said.

Schools will return from the summer holidays next week with one in 10 buildings damaged or destroyed and about 1,000 children thought to have been killed during the conflict.

Residents walk past a destroyed Russian military vehicle on a street in Bucha. EPA
Residents walk past a destroyed Russian military vehicle on a street in Bucha. EPA

“Once again, as in all wars, the reckless decisions of adults are putting children at extreme risk,” said Unicef’s executive director Catherine Russell.

Millions of Ukrainians took refuge in neighbouring countries, especially Poland, Hungary, Slovakia and Romania, where they should at least be safe from Russian artillery.

But they too have plenty to be worried about, amid uncertainty over whether the generosity shown by their European neighbours will last through an expensive winter.

More than 1,000 Ukrainians were assessed as homeless or in danger of homelessness in Britain by the end of July, and most private hosts did not anticipate having to offer their rooms for more than six months.

Refugees are provided with food in a tent at the Ukraine-Poland border. PA
Refugees are provided with food in a tent at the Ukraine-Poland border. PA

The vast majority of Ukrainian refugees are women and children, and many are older or disabled — meaning those with dependent relatives may struggle to find a job in Europe, the Red Cross said.

“It will not be an easy winter for any of them,” said Ms Ebbesen. "As we know the fuel prices are increasing, and the rent may also be more expensive, so everybody will not be having enough resources."

And beyond these material problems, there is the deep emotional trauma suffered by millions of Ukrainians after witnessing a brutal war tear apart their homeland.

“The fear and grief that wars create leave deep internal scars — scars that hurt every bit as much, if not more, than physical scars,” said Isadora Quay of humanitarian charity Care.

“Left unaddressed, this fear and grief can have a profound long-term, negative impact and lead to a range of serious mental health issues or even suicide.”

Many Ukrainian citizens have taken refuge in Poland and other neighbouring countries. EPA
Many Ukrainian citizens have taken refuge in Poland and other neighbouring countries. EPA

Economic woes

No sooner had Europe emerged from the dark days of Covid-19 lockdown than it was thrust into another economic crisis, as an energy stand-off with Russia led to dwindling gas supplies, soaring prices and fears of a looming recession.

Economic forecasts for the winter, when gas consumption typically soars and fuel prices are predicted to surge even higher, are dire.

Inflation in Britain is tipped to rise above 18 per cent, while German businesses are as pessimistic as they have been since the early days of the pandemic in April 2020, the central bank said.

Plans have been drawn up for power to be rationed in a worst-case scenario where Russian gas dries up completely, after the Kremlin shut down exports to countries including Poland, Bulgaria and Finland.

German Chancellor Olaf Scholz stands in front of a turbine of the Nord Stream 1 pipeline in Muelheim an der Ruhr, western Germany. AFP
German Chancellor Olaf Scholz stands in front of a turbine of the Nord Stream 1 pipeline in Muelheim an der Ruhr, western Germany. AFP

Some European leaders have sought to invoke a spirit of wartime sacrifice. Estonian Prime Minister Kaja Kallas likes to say: “Gas might be expensive, but freedom is priceless.”

But many have called into question whether Europe can maintain its determination to isolate Russia as winter bites, with some in Germany urging ministers to take a second look at the mothballed Nord Stream 2 pipeline.

Janis Kluge of the German Institute for International and Security Affairs called for a communications strategy from Chancellor Olaf Scholz’s government to counter the narrative that sanctions are hurting Europe more than Russia.

Mr Scholz promised on Tuesday that Germany would stand by Mr Zelenskyy’s side “for as long as Ukraine needs our support”, while the head of the European Commission said sanctions were “critically undermining” Russia.

Ukraine Independence Day - in pictures

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.”

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The National selections

Al Ain

5pm: Bolereau
5.30pm: Rich And Famous
6pm: Duc De Faust
6.30pm: Al Thoura​​​​​​​
7pm: AF Arrab​​​​​​​
7.30pm: Al Jazi​​​​​​​
8pm: Futoon

Jebel Ali

1.45pm: AF Kal Noor​​​​​​​
2.15pm: Galaxy Road
2.45pm: Dark Thunder
3.15pm: Inverleigh​​​​​​​
3.45pm: Bawaasil​​​​​​​
4.15pm: Initial
4.45pm: Tafaakhor

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Updated: August 24, 2022, 7:58 AM