Former British prime minister Boris Johnson in heavily-damaged Borodianka near Kyiv on Sunday. Reuters
Former British prime minister Boris Johnson in heavily-damaged Borodianka near Kyiv on Sunday. Reuters
Former British prime minister Boris Johnson in heavily-damaged Borodianka near Kyiv on Sunday. Reuters
Former British prime minister Boris Johnson in heavily-damaged Borodianka near Kyiv on Sunday. Reuters

Boris Johnson visits Ukraine for first time since stepping down as UK PM


Laura O'Callaghan
  • English
  • Arabic

Boris Johnson was spotted in the Ukrainian town of Bucha on Sunday morning chatting to residents as he toured the area.

The British MP and former prime minister was seen greeting a crowd before getting into a car, guarded by soldiers.

The Conservative politician's visit comes as he faces calls for an ethics investigation following reports he received help in the form of a loan from the man he later recommended to head the BBC.

Rishi Sunak is “supportive” of Mr Johnson’s visit to Ukraine, No 10 Downing Street said.

The Prime Minister’s press secretary said he was “always supportive of all colleagues showing that the UK is behind Ukraine and will continue to support them”.

Mr Johnson visited Ukraine three times during his tenure in No 10. His latest excursion to Ukraine is his first since stepping down as prime minister last September.

In a video released by the President’s office in Kyiv, Mr Johnson was seen approaching President Volodymyr Zelenskyy and a group of officials in Kyiv.

Mr Johnson could be heard saying that they “shouldn’t have bothered” with the formal greeting. “I’m too honoured,” he added.

“You do me too much honour, Mr President,” he told Mr Zelenskyy, who replied: “Good to see you Boris, welcome.”

Mr Johnson told Mr Zelenskyy that his entourage had driven past Hostomel, a city north-west of Kyiv, where he had witnessed the effects of “appalling” Russian attacks.

“And it’s still going on every day,” added Mr Johnson. “I will do whatever I can, I really will, I really will.”

Mr Johnson said his latest trip came after he was invited by Mr Zelenskyy.

“It is a privilege to visit Ukraine at the invitation of President Zelenskyy,” he said.

“The suffering of the people of Ukraine has gone on for too long.

“The only way to end this war is for Ukraine to win — and to win as fast as possible. This is the moment to double down and to give the Ukrainians all the tools they need to finish the job.”

Mr Johnson said the sooner Russian President Vladimir Putin's war failed, “the better for Ukraine and for the whole world”.

He took part in a wreath-laying ceremony in Bucha, where mass graves were uncovered last year following the Russians' withdrawal.

Mr Johnson was pictured alongside Orthodox priest Andrew placing flowers in tribute to those killed in the area, during a visit to a local church.

Mr Johnson's plans to travel to Ukraine were first reported in January and sparked criticism from MPs who warned he could risk undermining Mr Sunak's authority.

Tobias Ellwood, chairman of the Defence Select Committee in the UK Parliament, told The Guardian at the time that Mr Johnson should “not interfere with the messaging or the official lines of communication” between London and Kyiv.

Earlier this week, Mr Johnson spoke in a panel discussion on Ukraine at the World Economic Forum in Davos, where he was introduced as a “legendary figure” in Ukraine.

If you go

The flights

There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.

The trip

Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.

The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.

 

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 

RESULT

Shabab Al Ahli Dubai 0 Al Ain 6
Al Ain: Caio (5', 73'), El Shahat (10'), Berg (65'), Khalil (83'), Al Ahbabi (90' 2)

Mubalada World Tennis Championship 2018 schedule

Thursday December 27

Men's quarter-finals

Kevin Anderson v Hyeon Chung 4pm

Dominic Thiem v Karen Khachanov 6pm

Women's exhibition

Serena Williams v Venus Williams 8pm

Friday December 28

5th place play-off 3pm

Men's semi-finals

Rafael Nadal v Anderson/Chung 5pm

Novak Djokovic v Thiem/Khachanov 7pm

Saturday December 29

3rd place play-off 5pm

Men's final 7pm

LAST-16 EUROPA LEAGUE FIXTURES

Wednesday (Kick-offs UAE)

FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm

Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm

Inter Milan v Getafe (one leg only) 11pm

Manchester United (5) v LASK (0) 11pm 

Thursday

Bayer Leverkusen (3) v Rangers (1) 8.55pm

Sevilla v Roma  (one leg only)  8.55pm

FC Basel (3) v Eintracht Frankfurt (0) 11pm 

Wolves (1) Olympiakos (1) 11pm 

MATCH INFO

Schalke 0

Werder Bremen 1 (Bittencourt 32')

Man of the match Leonardo Bittencourt (Werder Bremen)

WHAT ARE NFTs?

     

 

    

 

   

 

Non-fungible tokens (NFTs) are tokens that represent ownership of unique items. They allow the tokenisation of things such as art, collectibles and even real estate.

 

An NFT can have only one official owner at one time. And since they're minted and secured on the Ethereum blockchain, no one can modify the record of ownership, not even copy-paste it into a new one.

 

This means NFTs are not interchangeable and cannot be exchanged with other items. In contrast, fungible items, such as fiat currencies, can be exchanged because their value defines them rather than their unique properties.

 

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.”

MATCH INFO

Newcastle 2-2 Manchester City
Burnley 0-2 Crystal Palace
Chelsea 0-1 West Ham
Liverpool 2-1 Brighton
Tottenham 3-2 Bournemouth
Southampton v Watford (late)

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

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Updated: January 22, 2023, 2:39 PM