Some Ukrainian troops are already trained in Britain in an operation involving nine countries. Getty
Some Ukrainian troops are already trained in Britain in an operation involving nine countries. Getty
Some Ukrainian troops are already trained in Britain in an operation involving nine countries. Getty
Some Ukrainian troops are already trained in Britain in an operation involving nine countries. Getty

EU lines up new training mission for Ukrainian military


Tim Stickings
  • English
  • Arabic

The European Union is looking at creating a dedicated training mission for Ukraine's armed forces to help them repel attacks by Russia.

The EU's foreign affairs chief Josep Borrell presented the idea to the bloc's 27 defence ministers in Prague on Tuesday, hoping for a "political green light" to take the proposal further.

Mr Borrell said a joint mission would make Ukraine's training more predictable than the current piecemeal instruction that comes when particular weapons are donated.

Some EU countries already contribute to a training mission led by non-member Britain, where more than 2,000 Ukrainian personnel have been trained, while Germany, the Netherlands and others have their own programmes in place.

But several countries said they supported a separate EU mission and rejected any suggestion that Russia would treat it as an escalation of the conflict, since the bloc already supports Ukraine militarily.

"It would be good to put that on a more structured basis and to ensure that the EU collectively is doing that in a structured and organised way that can last for some time," said Irish Foreign Minister Simon Coveney.

His Finnish counterpart Antti Kaikkonen said the EU should seek "new and innovative ways" to break the stalemate in Ukraine and that a training mission might be the way to do it.

Aid from western militaries has been credited with helping Ukraine survive the first six months of the invasion, but the fallout from the war could worsen over the winter if the fighting drags on.

"What I see now is a war of attrition — both sides are not moving a lot," said Robert Brieger, chairman of the EU's military committee made up of chiefs of defence from across the bloc.

"There are some small counter-attacks from the Ukrainian side. Success of these operations will depend on the support of western nations."

Ukraine conflict - in pictures

  • Russian Malka artillery systems are fired from an undisclosed location in Ukraine. AP
    Russian Malka artillery systems are fired from an undisclosed location in Ukraine. AP
  • German Chancellor Olaf Scholz visits a training ground for Ukrainian soldiers in Putlos near Oldenburg, Germany. AFP
    German Chancellor Olaf Scholz visits a training ground for Ukrainian soldiers in Putlos near Oldenburg, Germany. AFP
  • Ukrainian President Volodymyr Zelensky (R) hands The Order of Liberty medal to Boris Johnson in Kyiv. The UK Prime Minister visited on Ukraine’s Independence Day. AFP
    Ukrainian President Volodymyr Zelensky (R) hands The Order of Liberty medal to Boris Johnson in Kyiv. The UK Prime Minister visited on Ukraine’s Independence Day. AFP
  • Destruction in Chaplyne, Dnipropetrovsk region. Reuters
    Destruction in Chaplyne, Dnipropetrovsk region. Reuters
  • The UN Security Council votes on whether to allow Ukrainian President Volodymyr Zelenskyy to address the meeting via video link on threats to international peace and security. AP
    The UN Security Council votes on whether to allow Ukrainian President Volodymyr Zelenskyy to address the meeting via video link on threats to international peace and security. AP
  • A pro-Ukrainian statue in Prague, Czech Republic. AP
    A pro-Ukrainian statue in Prague, Czech Republic. AP
  • Krystyna Kopaczewska takes part in a Ukrainian Independence Day rally outside Downing Street in London. Reuters
    Krystyna Kopaczewska takes part in a Ukrainian Independence Day rally outside Downing Street in London. Reuters
  • Firefighters work to extinguish flames at a shopping centre Galaktika after Russian shelling in Donetsk. Reuters
    Firefighters work to extinguish flames at a shopping centre Galaktika after Russian shelling in Donetsk. Reuters
  • Ukrainian servicemen fire at Russian positions in Kharkiv region. AP
    Ukrainian servicemen fire at Russian positions in Kharkiv region. AP
  • Destroyed Russian tanks and military equipment on Khreshchatyk, a street in central Kyiv, have been turned into an outdoor military museum. AFP
    Destroyed Russian tanks and military equipment on Khreshchatyk, a street in central Kyiv, have been turned into an outdoor military museum. AFP

Neutral Austria sounded one of the few notes of scepticism about the training mission, with Defence Minister Klaudia Tanner saying the legal basis and extent of the proposal required scrutiny.

But Mr Borrell believes a mission for Ukraine is overdue when the EU already has 18 military and civilian peacekeeping missions in countries such as Mozambique, the Central African Republic and Mali.

Initial approval in Prague, where foreign and defence ministers are holding three days of talks this week, would pave the way for a more detailed proposal to be considered in the autumn.

Mr Borrell is also calling for more co-ordination between EU countries in military spending, an idea embraced on Monday in a speech by German Chancellor Olaf Scholz.

The EU recently adopted a new strategic compass that set out plans for the union to grow its military presence and set up a 5,000-troop rapid response force to carry out operations such as last year's evacuation of Kabul.

But wary countries, especially in Eastern Europe, which regard Nato as their prime security protector, have been offered reassurance that a more muscular EU will not supplant the American-led alliance.

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Scores in brief:

Day 1

New Zealand (1st innings) 153 all out (66.3 overs) - Williamson 63, Nicholls 28, Yasir 3-54, Haris 2-11, Abbas 2-13, Hasan 2-38

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%3Cp%3E%3Cstrong%3EEnablers%20of%20digital%20services%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Blockchain%20and%20cryptocurrency%3Cbr%3E%E2%80%A2%20Crowdfunding%3Cbr%3E%E2%80%A2%20Banking-as-a-service%3Cbr%3E%E2%80%A2%20Banking%20identification%20number%20sponsors%3Cbr%3E%E2%80%A2%20Issuers%2Fprocessors%3Cbr%3E%E2%80%A2%20Programme%20managers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDigital%20issuance%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Blockchain%20and%20cryptocurrency%3Cbr%3E%E2%80%A2%20Alternative%20lending%3Cbr%3E%E2%80%A2%20Personal%20financial%20management%3Cbr%3E%E2%80%A2%20Money%20transfer%20and%20remittance%3Cbr%3E%E2%80%A2%20Digital%20banking%20(neo%20banks)%3Cbr%3E%E2%80%A2%20Digital%20wallets%2C%20peer-to-peer%20and%20transfers%3Cbr%3E%E2%80%A2%20Employee%20benefits%3Cbr%3E%E2%80%A2%20Payables%3Cbr%3E%E2%80%A2%20Corporate%20cards%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EValue-add%20for%20merchants%2Fconsumers%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Data%20and%20analytics%3Cbr%3E%E2%80%A2%20ID%2C%20authentication%20and%20security%3Cbr%3E%E2%80%A2%20Insurance%20technology%3Cbr%3E%E2%80%A2%20Loyalty%3Cbr%3E%E2%80%A2%20Merchant%20services%20and%20tools%3Cbr%3E%E2%80%A2%20Process%20and%20payment%20infrastructure%3Cbr%3E%E2%80%A2%20Retail%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESME%20recovery%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Money%20movement%3Cbr%3E%E2%80%A2%20Acceptance%3Cbr%3E%E2%80%A2%20Risk%20management%3Cbr%3E%E2%80%A2%20Brand%20management%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENew%20categories%20for%202023%3C%2Fstrong%3E%3Cbr%3E%E2%80%A2%20Sustainable%20FinTechs%3Cbr%3E%E2%80%A2%20Risk%3Cbr%3E%E2%80%A2%20Urban%20mobility%3C%2Fp%3E%0A
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Maria Sakkari (9) v Anastasia Potapova

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Donna Vekic (16) v Bernarda Pera 

Ekaterina Alexandrova v Zarina Diyas

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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.

“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 British in India: Three Centuries of Ambition and Experience

by David Gilmour

Allen Lane

Updated: August 30, 2022, 11:06 AM