Ukraine faces a moment of “true peril” in the weeks ahead as Russian military commanders plan to encircle its best troops, analysts have said.
Up to 45,000 soldiers — a third of Ukraine’s professional army along with some of its recently acquired equipment — are in Donbas, on the front line with separatists and Russian forces in the east.
If the siege of Mariupol ends quickly, many Russia troops will be freed for a pincer movement from the north and south to entrap Ukrainian forces in the area referred to as the Joint Forces Operation (JFO) — the troops sent to the eastern line of contact that bounded the separatist-held areas of Donetsk and Luhansk.
The war could then turn, with Russia’s larger forces and amount of equipment overwhelming Ukraine’s superior fighting skills.
This scenario increases the importance of Mariupol, as the longer it holds out, the more losses Russia will suffer, weakening its southern pincer.
Mariupol’s tenacity will also buy time for the JFO to either strengthen defences or leave before being cut off.
“We are entering the period of true peril for Ukraine where [the prospect of] encirclement and destruction for its forces starts to become more realistic,” said Sam Cranny-Evans, an analyst at the Royal United Services Institute, a London think tank.
“I think we're going to begin seeing the situation really start to shift in Russia's favour.”
Defence strategist Brigadier Ben Barry agreed with Mr Cranny-Evans's assessment that a moment of alarm had arrived for Ukraine's military.
“The Ukrainians must be concerned, or they ought to be concerned about this,” said Mr Barry, senior fellow for land warfare at the International Institute for Strategic Studies think tank.
“Because if Mariupol falls, then that releases Russian forces to do different things, one of which could be to continue to push north up along the lines of the Dnieper Valley in an effort to threaten the forces in eastern Ukraine in Donbas.”
What can Ukraine do?
Central to Ukraine's efforts to counter Russia artillery will be the ability to locate and destroy it, analysts said. Ukraine has — and is reported to be acquiring more — US-made radar that can precisely locate or trace artillery and rocket fire.
If the Ukrainians have preserved their self-propelled howitzers and missiles, this might allow them to counter the Russian artillery threat.
However, it is a question of resources and of whether sufficient stocks are getting into Ukrainian hands from the West.
So far, the supply of anti-tank and anti-aircraft missiles has allowed Ukraine to keep Russia at bay.
More radar, drones and long-range precision missiles could make a significant difference to Ukrainian operations.
Ukrainian forces have also chosen to fight in small units that can mount swift attacks on armoured columns.
Once Russia co-ordinates its electronic warfare systems with its artillery and its drones, it will be able to locate and attack Ukrainian troops.
Moscow’s generals will also be seeking to force the Ukrainians to “mass in a place that suits Russia”, where it can “decisively engage them when they emerge”, Mr Cranny-Evans said.
“If the Russians are able to start surrounding these major town and the Ukrainians can't get through to their forces, then time begins to shift in favour of Russia because Russia can continue those bombardments indefinitely.
“That really changes the tempo of the operation.”
Battle at Kramatorsk
If Mariupol falls and the Russian forces to the south of Kharkiv push on, Ukraine’s best troops could find themselves besieged at Kramatorsk.
Faced by a pincer movement and entrapment, they would have to decide on fight or flight.
If a force remains, there will be heavy fighting and Russia’s greater numbers could overwhelm Ukraine’s best troops, especially the combat-hardened JFO.
“They will start losing casualties because the JFO have either got to stay or escape,” said Tim Ripley, an analyst with Janes Defence Weekly.
“If they try to escape, they'll be vulnerable to being spotted and attacked. That's the point where Russia’s advantages in artillery and air power come into play.
“That's why the Ukrainians are fighting like tigers in Mariupol, trying to tie down as many troops as possible so the Russians cannot use them to attack the JFO.”
If the encirclement of the JFO stops any supplies getting in, then the end could come “quite quickly”, Mr Cranny-Evans said.
“You will end up with a very one-sided fight and we'd probably know about the result before it was over.”
The JFO encirclement is something western defence sources also fear but believe Kyiv’s generals will be alert to the danger.
“It’s the area of the battlefield where we've got the greatest concern,” a defence source told The National. “There's a vulnerability for those forces to encirclement.”
But a sudden Ukraine withdrawal could also end in “road of death territory” if the Russians started co-ordinating their hardware, said Mr Ripley, author of Little Green Men: Putin’s Wars since 2014.
The unknowns
The extent of losses on both sides is unclear. Ukraine's military dead could be as high as 4,000 and Russia’s 10,000, some estimates show.
Much of the imagery shown on platforms such as Telegram or TikTok are managed by both sides and, without proper intelligence, it is like “looking through a drinking straw”, Brig Barry said.
Both sides are managing information to “match their messaging”, with Ukraine showing the world that it is the victim but that it could hold out with western help.
The Russian “punishment strategy of bombardment” was possibly to improve their position before negotiations.
“Or it may be marshalling its supplies to recommence operations with a large offensive somewhere — or several large offensives,” Brig Barry said.
“We also shouldn't forget also the political significance of Kyiv and we can't rule out a renewed effort to encircle the capital.”
Spring offensive
Spring weather will mean the snowmelt “rasputitsa” mud that has forced Russian tanks on to roads will recede, allowing greater force mobility across Ukraine.
Russia will be able to restock its supply lines, but that also applies to Ukraine’s armour and lorries, particularly the brigades in the JFO.
Although there have been Russian atrocities, the war has also so far remained “limited”, in that neither side has escalated to the level of mass direct attacks on civilians such as the bombing of refugee trains or Ukraine launching missile against Russian cities.
A major escalation could present Nato with hard choices.
But should Ukraine's JFO brigades be destroyed, Russia may declare that the country has been “demilitarised”. Moscow would also have control of much of the east of Ukraine.
“If you can militarily defeat some of the best Ukraine troops in the army, that would stand grounds to say that they've demilitarised Ukraine,” Brig Barry said.
Kamindu Mendis bio
Full name: Pasqual Handi Kamindu Dilanka Mendis
Born: September 30, 1998
Age: 20 years and 26 days
Nationality: Sri Lankan
Major teams Sri Lanka's Under 19 team
Batting style: Left-hander
Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)
KILLING OF QASSEM SULEIMANI
UAE currency: the story behind the money in your pockets
'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
More from Rashmee Roshan Lall
Results
2-15pm: Commercial Bank Of Dubai – Conditions (TB) Dh100,000 (Dirt) 1,400m; Winner: Al Habash, Patrick Cosgrave (jockey), Bhupat Seemar (trainer)
2.45pm: Al Shafar Investment – Handicap (TB) Dh80,000 (D) 1,200m; Winner: Day Approach, Ray Dawson, Ahmad bin Harmash
3.15pm: Dubai Real estate Centre – Handicap (TB) Dh80,000 (D) 1,600m; Winner: Celtic Prince, Richard Mullen, Rashed Bouresly
3.45pm: Jebel Ali Sprint by ARM Holding – Listed (TB) Dh500,000 (D) 1,000m; Winner: Khuzaam, Pat Dobbs, Doug Watson
4.15pm: Shadwell – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Tenbury Wells, Royston Ffrench, Salem bin Ghadayer
4.45pm: Jebel Ali Stakes by ARM Holding – Listed (TB) Dh500,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson
5.15pm: Jebel Ali Racecourse – Handicap (TB) Dh76,000 (D) 1,950m; Winner: Rougher, Pat Dobbs, Doug Watson
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
THE SPECS
Engine: 1.5-litre turbocharged four-cylinder
Transmission: Constant Variable (CVT)
Power: 141bhp
Torque: 250Nm
Price: Dh64,500
On sale: Now
Company%20profile
%3Cp%3E%3Cbr%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Khodar%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%20and%20Alexandria%2C%20in%20Egypt%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ayman%20Hamza%2C%20Yasser%20Eidrous%20and%20Amr%20El%20Sheikh%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20agriculture%20technology%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%24500%2C000%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Saudi%20Arabia%E2%80%99s%20Revival%20Lab%20and%20others%3Cbr%3E%3Cstrong%3EEmployees%3A%3C%2Fstrong%3E%2035%3C%2Fp%3E%0A
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
'Gold'
Director:Anthony Hayes
Stars:Zaf Efron, Anthony Hayes
Rating:3/5
The bio
Job: Coder, website designer and chief executive, Trinet solutions
School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
Dream City: San Francisco
Hometown: Dubai
City of birth: Thiruvilla, Kerala
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
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.”
Company profile
Name: Back to Games and Boardgame Space
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019