Russian forces have seized control of the Zaporizhzhia nuclear power station in Ukraine and cut off communication between staff and the outside world. Pictured, a woman posing outside the site in 2008. Reuters
Russian forces have seized control of the Zaporizhzhia nuclear power station in Ukraine and cut off communication between staff and the outside world. Pictured, a woman posing outside the site in 2008. Reuters
Russian forces have seized control of the Zaporizhzhia nuclear power station in Ukraine and cut off communication between staff and the outside world. Pictured, a woman posing outside the site in 2008. Reuters
Russian forces have seized control of the Zaporizhzhia nuclear power station in Ukraine and cut off communication between staff and the outside world. Pictured, a woman posing outside the site in 2008

Call for Russia to allow independent inspectors into seized Ukrainian nuclear sites


Laura O'Callaghan
  • English
  • Arabic

An energy expert has issued a clarion call for Russia to allow independent inspectors into Ukrainian nuclear sites amid fears of another disaster.

President Vladimir Putin’s forces seized control of the Chernobyl power station on February 24, hours after the full-scale invasion of Ukraine was launched, and on March 4 troops took control of a power plant in Zaporizhzhia – the largest nuclear site in Europe.

Dr Aura Sabadus, a Ukrainian energy market specialist at the Independent Chemical and Energy Market Intelligence (ICIS) data provider, has warned about the continued risks of the sites remaining under the control of the invading forces.

Chernobyl, the site of the 1986 nuclear disaster, is not an active plant but holds radioactive waste from the accident.

Smoke billows from the Zaporizhzhia power plant in Ukraine on March 4 after Russian forces attacked the site before moving in and taking control. AP
Smoke billows from the Zaporizhzhia power plant in Ukraine on March 4 after Russian forces attacked the site before moving in and taking control. AP

Zaporizhzhia has capacity of 5.7 gigawatts, enough to power more than four million homes.

“Hopefully some kind of sense will prevail and they will not damage the plants because ultimately if reactors are damaged any radioactivity will not just impact Europe and Ukraine but also Russia itself. But it’s certainly sending a very scary message to everyone,” Ms Sabadus told reporters at a London briefing.

“The biggest concern right now is that the [Zaporizhzhia] plant is under Russian control but the Russian troops have cut communications with the Ukrainian authorities, and there is no internet connection and no mobile connection with the power plant.”

And referring to the captured Chernobyl site, she said “anything can happen because there is no connection with the authorities and [the Russians] can do anything at all.”

“The bottom line is it’s very vulnerable and unless some protective measures are taken, to allow inspections from the IAEA or from the UN. I think the situation remains precarious, unless we have these international inspections.”

The International Atomic Energy Agency has raised concerns about staff at Chernobyl not being rotated since February 23 – the eve of the Russian attack.

Ms Sabadus said it is “absolutely critical” that workers in charge of the plant are given a break so that they are capable of carrying out their work effectively.

She also expressed grave concerns about Russia’s attack on a nuclear research facility near the eastern Ukrainian city of Kharkiv this week.

The Kharkiv Institute of Physics and Technology houses a nuclear research facility called Neutron Source. Some 37 fuel cells are understood to be located in its active zone.

Russian soldiers fired rockets at the site on Sunday, the Ukrainian national security service said.

“The radioactivity there is sub-critical, there are no problems as of now, but it is incredibly concerning that Russia is hitting these nuclear power plants and they were also hitting oil depots, so clearly a huge pollution problem,” Ms Sabadus said.

She suggested one reason why the Russians made a beeline for nuclear sites after crossing the border into Ukraine could be because Moscow plans to “blackmail the international community” with its newfound power over Ukrainian energy.

She said the coming days would be “critical” due to an expected cold weather front and Russia’s threat to cut gas supplies to Europe. President Putin may choose to grind Nord Stream 1 to a halt or opt for a more drastic measure by stopping the flow of gas across all pipelines.

The analyst said eastern European countries would be more heavily affected in such a scenario, as they are more reliant on Russian gas than nations in the west of the continent. “We have daily discussions with all the authorities, the whole industry is preparing, co-ordinating [for the possible cut]. We work with some scenarios but ultimately it’s a very unpredictable situation so we don’t know what could happen and where things could go horribly wrong, if they do indeed [cut the gas].”

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Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press 

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GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Intercontinental Cup

Namibia v UAE Saturday Sep 16-Tuesday Sep 19

Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27

The major Hashd factions linked to Iran:

Badr Organisation: Seen as the most militarily capable faction in the Hashd. Iraqi Shiite exiles opposed to Saddam Hussein set up the group in Tehran in the early 1980s as the Badr Corps under the supervision of the Iran Revolutionary Guards Corps (IRGC). The militia exalts Iran’s Supreme Leader Ali Khamenei but intermittently cooperated with the US military.

Saraya Al Salam (Peace Brigade): Comprised of former members of the officially defunct Mahdi Army, a militia that was commanded by Iraqi cleric Moqtada Al Sadr and fought US and Iraqi government and other forces between 2004 and 2008. As part of a political overhaul aimed as casting Mr Al Sadr as a more nationalist and less sectarian figure, the cleric formed Saraya Al Salam in 2014. The group’s relations with Iran has been volatile.

Kataeb Hezbollah: The group, which is fighting on behalf of the Bashar Al Assad government in Syria, traces its origins to attacks on US forces in Iraq in 2004 and adopts a tough stance against Washington, calling the United States “the enemy of humanity”.

Asaeb Ahl Al Haq: An offshoot of the Mahdi Army active in Syria. Asaeb Ahl Al Haq’s leader Qais al Khazali was a student of Mr Al Moqtada’s late father Mohammed Sadeq Al Sadr, a prominent Shiite cleric who was killed during Saddam Hussein’s rule.

Harakat Hezbollah Al Nujaba: Formed in 2013 to fight alongside Mr Al Assad’s loyalists in Syria before joining the Hashd. The group is seen as among the most ideological and sectarian-driven Hashd militias in Syria and is the major recruiter of foreign fighters to Syria.

Saraya Al Khorasani:  The ICRG formed Saraya Al Khorasani in the mid-1990s and the group is seen as the most ideologically attached to Iran among Tehran’s satellites in Iraq.

(Source: The Wilson Centre, the International Centre for the Study of Radicalisation)

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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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.”

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What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

COMPANY PROFILE

Company name: Blah

Started: 2018

Founder: Aliyah Al Abbar and Hend Al Marri

Based: Dubai

Industry: Technology and talent management

Initial investment: Dh20,000

Investors: Self-funded

Total customers: 40

Updated: March 08, 2022, 4:44 PM