Russian President Vladimir Putin gestures as he addresses the nation in Moscow, Russia. AP
Russian President Vladimir Putin gestures as he addresses the nation in Moscow, Russia. AP
Russian President Vladimir Putin gestures as he addresses the nation in Moscow, Russia. AP
Russian President Vladimir Putin gestures as he addresses the nation in Moscow, Russia. AP

Putin should be offered a way out to 'save face', former UK defence minister says


Soraya Ebrahimi
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A former British Conservative defence minister has suggested Ukraine and its allies should seek to offer Russian President Vladimir Putin something that will “enable him to save face” while also offering him a way out of the conflict.

Andrew Murrison made the comments in the Commons during an MP debate about the situation in Ukraine.

But current Defence Minister James Heappey said the Russian leader does not “deserve any further opportunities for an off-ramp when he has made his decision on what should come next”.

Dr Murrison, the MP for South West Wiltshire, was a defence minister between 2012 and 2014, and more recently served for a little less than a year as a Foreign Office minister until February 2020.

“Unless we’re going to defeat Russia in classical terms — which is unlikely and desirable — there has to be an off-ramp to allow Putin to construct a narrative that will go down well amongst his population and through the media, which he controls,” he told the Commons.

“It’s just not acceptable to say that we cannot offer Putin something out of this that will enable him to save face and therefore get whatever it is through with his population.”

Mr Heappey replied: “I’m not sure I agree with [Dr Murrison] entirely. If Putin was looking for an off-ramp he’s had plenty of opportunities to de-escalate and claim victory at some points along the route.

“In the 48 hours immediately following the mobilisation of Russian society, which is a clear escalation, I’m certainly not — representing His Majesty’s government — going to stand here and say he deserves any further opportunities for an off-ramp when he has made his decision on what should come next.”

Putin's inner circle — in pictures

  • Head of Russia's SVR intelligence service Sergei Naryshkin has seen his status eroded by the strong resistance encountered in Ukraine, which he did not foresee. EPA
    Head of Russia's SVR intelligence service Sergei Naryshkin has seen his status eroded by the strong resistance encountered in Ukraine, which he did not foresee. EPA
  • Head of Russia's Roscosmos space agency Dmitry Rogozin has threatened to abandon a Nasa astronaut on the International Space Station. AFP
    Head of Russia's Roscosmos space agency Dmitry Rogozin has threatened to abandon a Nasa astronaut on the International Space Station. AFP
  • Russian Defence Minister Sergei Shoigu was one of the architects of Moscow's intervention in Syria. AFP
    Russian Defence Minister Sergei Shoigu was one of the architects of Moscow's intervention in Syria. AFP
  • Russian President Vladimir Putin meets with Russia's oil giant Rosneft chief Igor Sechin. He has been described as Mr Putin's right-hand man. AFP
    Russian President Vladimir Putin meets with Russia's oil giant Rosneft chief Igor Sechin. He has been described as Mr Putin's right-hand man. AFP
  • Secretary of Russia's Security Council Nikolai Patrushev attends a meeting in Moscow. He is said to have known Mr Putin for 50 years. AFP
    Secretary of Russia's Security Council Nikolai Patrushev attends a meeting in Moscow. He is said to have known Mr Putin for 50 years. AFP
  • Sergei Ivanov, Russian special representative on questions of ecology and transport, is a close friend of Mr Putin. AFP
    Sergei Ivanov, Russian special representative on questions of ecology and transport, is a close friend of Mr Putin. AFP
  • Federal Security Service director Alexander Bortnikov is responsible for a huge network of agents in Russia. AFP
    Federal Security Service director Alexander Bortnikov is responsible for a huge network of agents in Russia. AFP
  • At 58, president of the Duma Lower House of Parliament Vyacheslav Volodin is one of the younger members of the inner circle. He has been touted as a possible successor to Mr Putin. AFP
    At 58, president of the Duma Lower House of Parliament Vyacheslav Volodin is one of the younger members of the inner circle. He has been touted as a possible successor to Mr Putin. AFP

At another point in the debate, Mr Heappey told MPs that Russia “lacks sufficient manpower in the field to achieve any of its objectives and the mood of Moscow is changing quickly”.

Pressed about Mr Putin’s nuclear threats, Mr Heappey described it as “nuclear sabre-rattling” before noting it is the “act of a desperate man who knows this is not going his way”.

Asked whether the UK believes Mr Putin is bluffing, the minister said: “The government’s exact intelligence assessment is not something to be shared in the House … we believe that it is sabre-rattling and we believe it is designed to try to put a wedge amongst the cohesion of the western alliance and to deter us from supporting Ukraine at the exact moment Ukrainian troops seem to have the upper hand.”

Questioned about Nato’s response if Russia does use one of its weapons, Mr Heappey said: “I’m not going to discuss nuclear doctrine at the despatch box.”

Vladimir Putin says Russia will use 'all means' to defend its territory — video

Speaking later in debate, Conservative former defence secretary Liam Fox warned: “It may be sabre-rattling — but it may be not. We have miscalculated with Putin before. We can’t afford to miscalculate again. He is a tyrant with a tyrant’s behaviour.”

Conservative former prime minister Boris Johnson, in his first contribution to a debate since becoming a backbencher earlier this month, said: “I have no doubt that in the hard winter months ahead with the price of energy continuing to inflict hardship on people in this country and around the world, there will continue to be some who draw the false conclusion that the Ukrainians must be encouraged to do a deal to trade land for peace to allow Russian gas to flow to Europe.

“Even if it were politically possible for Volodymyr Zelenskyy or any Ukrainian government to do such a deal, which I very much doubt, there is absolutely no sign that Putin either wants such a compromise or can be trusted to deliver it.”

Putin: Russia to support referendums in Ukraine's regions — video

After the debate, MPs approved a series of motions for new, strengthened sanctions against Russia.

The sanctions include preventing exports of goods and technology from the defence sector, as well as chemicals, metals and fertilisers, and banning more UK investments and services in Russia.

Foreign Office Minister Jesse Norman told the Commons: “The measures we are debating today are designed to isolate Russia’s economy still further and to target key industries supporting President Putin’s illegal war in Ukraine.”

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

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Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

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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.

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“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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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

Updated: September 22, 2022, 11:19 PM