British Prime Minister Rishi Sunak at the Munich Security Conference said that Ukraine must be given 'advanced Nato-standard capabilities' to protect cities such as Bakhmut. EPA
British Prime Minister Rishi Sunak at the Munich Security Conference said that Ukraine must be given 'advanced Nato-standard capabilities' to protect cities such as Bakhmut. EPA
British Prime Minister Rishi Sunak at the Munich Security Conference said that Ukraine must be given 'advanced Nato-standard capabilities' to protect cities such as Bakhmut. EPA
British Prime Minister Rishi Sunak at the Munich Security Conference said that Ukraine must be given 'advanced Nato-standard capabilities' to protect cities such as Bakhmut. EPA

Rishi Sunak pushes for Ukraine charter and long-range missiles for Kyiv


Damien McElroy
  • English
  • Arabic

UK Prime Minister Rishi Sunak has called for a Nato charter to guarantee support for Ukraine, telling an international conference that Britain would be a supplier of long-range missiles to aid a counter-offensive by Kyiv.

"We need to do more to bolster Ukraine’s long-term security," he said at the Munich Security Conference in Germany.

"We must give them the advanced Nato-standard capabilities that they need for the future.

"And we must demonstrate that we’ll remain by their side, willing and able to help them defend their country again and again."

The Prime Minister said he hoped the coming Nato summit in Vilnius would build long-term assurances. "Our aim should be to forge a new charter in Vilnius to help protect Ukraine from future Russian aggression," he said.

Mr Sunak said Ukraine's forces had reached an inflection point in the battle against Russian troops and called on fellow leaders at the summit to “double down” on military support for President Volodymyr Zelenskyy.

It was important to ensure a "decisive advantage on the battlefield", he said.

  • Turkeysold its Bayraktar TB2 armed drones to Ukraine. They can fly at an altitude of 7,500 metres and swoop down to attack targets. AFP
    Turkeysold its Bayraktar TB2 armed drones to Ukraine. They can fly at an altitude of 7,500 metres and swoop down to attack targets. AFP
  • The US also gave 700 of its Switchblade kamikaze drones. AP
    The US also gave 700 of its Switchblade kamikaze drones. AP
  • Cheap commercial drones like the DJI Mavic series have been modified in Ukraine. AFP
    Cheap commercial drones like the DJI Mavic series have been modified in Ukraine. AFP
  • Germany will follow the US in providing a Patriot missile defence system, pictured above, to Ukraine. Reuters
    Germany will follow the US in providing a Patriot missile defence system, pictured above, to Ukraine. Reuters
  • FIM-92 Stinger rockets have been donated to help Ukrainian infantry engage aircraft and drones. The shoulder-launched missiles can shoot down aircraft. Photo: US Army
    FIM-92 Stinger rockets have been donated to help Ukrainian infantry engage aircraft and drones. The shoulder-launched missiles can shoot down aircraft. Photo: US Army
  • Germany donated 25 Flakpanzer Gepard all-weather-capable self-propelled anti-aircraft gun. AFP
    Germany donated 25 Flakpanzer Gepard all-weather-capable self-propelled anti-aircraft gun. AFP
  • The High-Mobility Artillery Rocket System, or Himars, can simultaneously launch several precision-guided missiles. The US has given Ukraine projectiles with a range of about 130 kilometres. EPA
    The High-Mobility Artillery Rocket System, or Himars, can simultaneously launch several precision-guided missiles. The US has given Ukraine projectiles with a range of about 130 kilometres. EPA
  • M777 howitzers and about 300,000 shells have been donated to give Ukraine an accurate artillery platform with a range of 50 kilometres. EPA
    M777 howitzers and about 300,000 shells have been donated to give Ukraine an accurate artillery platform with a range of 50 kilometres. EPA
  • Ukraine has been sent at least 5,000 of the anti-tank weapons known as NLAWs. These shoulder-launched rockets have proved deadly in the field. PA
    Ukraine has been sent at least 5,000 of the anti-tank weapons known as NLAWs. These shoulder-launched rockets have proved deadly in the field. PA
  • Ukrainian troops have also received thousands of Javelin anti-tank missiles. Bloomberg
    Ukrainian troops have also received thousands of Javelin anti-tank missiles. Bloomberg
  • Poland and the Czech Republic sent Russian-made T72 tanks, which Ukraine has used for decades, to ease integration and cut down training time. EPA
    Poland and the Czech Republic sent Russian-made T72 tanks, which Ukraine has used for decades, to ease integration and cut down training time. EPA
  • France as announced its plan to give AMX-10 RC “scout tanks” to Ukraine. "This is the first time that western-made armoured vehicles are being delivered in support of the Ukrainian army," a French official said. AFP
    France as announced its plan to give AMX-10 RC “scout tanks” to Ukraine. "This is the first time that western-made armoured vehicles are being delivered in support of the Ukrainian army," a French official said. AFP
  • Shortly after the French, the US said it would send Bradley fighting vehicles to provide "a level of firepower and armour that would bring advantages on the battlefield”. Reuters
    Shortly after the French, the US said it would send Bradley fighting vehicles to provide "a level of firepower and armour that would bring advantages on the battlefield”. Reuters
  • The UK sent their phased-out Saxon armoured vehicles. They found new life protecting infantry units in transit and dealing with tough off-road conditions. Getty Images
    The UK sent their phased-out Saxon armoured vehicles. They found new life protecting infantry units in transit and dealing with tough off-road conditions. Getty Images
  • Denmark has supplied Harpoon anti-ship launchers to help Ukraine defend its coasts. AFP
    Denmark has supplied Harpoon anti-ship launchers to help Ukraine defend its coasts. AFP
  • The US sent 20 Soviet and Russian made Mi-17 helicopters to Ukraine that had initially been bought for the Afghan government in 2010. AP
    The US sent 20 Soviet and Russian made Mi-17 helicopters to Ukraine that had initially been bought for the Afghan government in 2010. AP
  • Germany has also supplied its latest version of the IRIS-T air defence system designed to shoot down missiles at altitudes up to 20 kilometres. Getty Images
    Germany has also supplied its latest version of the IRIS-T air defence system designed to shoot down missiles at altitudes up to 20 kilometres. Getty Images
  • Ukraine has also been given thousands of small arms, bullet proof vests, medical kits, litres of fuel, granades and other weapons systems. Reuters
    Ukraine has also been given thousands of small arms, bullet proof vests, medical kits, litres of fuel, granades and other weapons systems. Reuters

"That would be my pitch to everyone - do what we are doing, join the countries that are providing that support, intensifying and accelerating it now," he said. "I think the alternative is far worse.

"We are all united in wanting Ukraine to win and if there's an opportunity to do that sooner, and take advantage of the moment that we have, why would we not seize it? What are we waiting for?"

The idea of a new charter or framework to sustain and build the alliance with Ukraine was welcomed by Jens Stoltenberg, Nato’s secretary general, in his remarks to the Munich Security conference on Saturday. He said President Vladimir Putin was preparing Russia for a long war by building up his military to sustain the fighting.

“There are no indications he has changed his ambitions,” Mr Stoltenberg was expected to tell the Munich conference later Saturday, according to a text of his remarks.

“He is mobilising hundreds of thousands of troops, increasingly putting the Russian economy on a war footing and reaching out to other authoritarian regimes, such as Iran and North Korea, to get more weapons.”

UK Prime Minister Rishi Sunak attends a question and answer session after speaking at the Munich Security Conference . AFP
UK Prime Minister Rishi Sunak attends a question and answer session after speaking at the Munich Security Conference . AFP

In her panel the EU president Ursula von der Leyen suggested delivery of the Covid vaccine could serve as a model for how to rapidly expand armaments production to boost Ukraine's arsenal and those of its donor countries.

“We could think of, for example, advanced purchase agreements that give the defence industry the possibility to invest in production lines now to be faster and to increase the amount they can deliver,” she said.

Officials warn Ukraine is currently using ammunition faster than Western countries are able to produce and supply it.

“It is now the time to speed up the production and to scale up the production of standardised products [like ammunition] that Ukraine needs desperately,” she said.

In an apparent attempt to encourage others to offer long-term training to Kyiv’s armed forces, Mr Sunak added Ukrainians were fighting for the security of all nations.

  • Ukrainian President Volodymyr Zelenskyy speaks via video link to the Munich Security Conference. Getty Images
    Ukrainian President Volodymyr Zelenskyy speaks via video link to the Munich Security Conference. Getty Images
  • US Vice President Kamala Harris meets with French President Emmanuel Macron. Reuters
    US Vice President Kamala Harris meets with French President Emmanuel Macron. Reuters
  • US Secretary of State Antony Blinken meets German Foreign Minister Annalena Baerbock. Reuters
    US Secretary of State Antony Blinken meets German Foreign Minister Annalena Baerbock. Reuters
  • Jens Stoltenberg, secretary general of NATO, talks to the media. Getty Images
    Jens Stoltenberg, secretary general of NATO, talks to the media. Getty Images
  • Mr Macron delivers a speech. AFP
    Mr Macron delivers a speech. AFP
  • Germany's Chancellor Olaf Scholz gives a speech. AP
    Germany's Chancellor Olaf Scholz gives a speech. AP
  • Chairman of the Munich Security Conference Christoph Heusgen opens the conference. AFP
    Chairman of the Munich Security Conference Christoph Heusgen opens the conference. AFP
  • Mr Macron shakes hands with the Czech Republic's President-elect Petr Pavel, during a bilateral meeting. AFP
    Mr Macron shakes hands with the Czech Republic's President-elect Petr Pavel, during a bilateral meeting. AFP
  • Annalena Baerbock arrives. AP
    Annalena Baerbock arrives. AP
  • German Defence Minister Boris Pistorius speaks to journalists before the conference. Getty Images
    German Defence Minister Boris Pistorius speaks to journalists before the conference. Getty Images
  • Antony Blinken arrives at the airport. AP
    Antony Blinken arrives at the airport. AP
  • Police dog Basco searches the area outside the Bayerischer Hof hotel, before the start of the conference. Reuters
    Police dog Basco searches the area outside the Bayerischer Hof hotel, before the start of the conference. Reuters
  • US Special Presidential Envoy for Climate John Kerry arrives. AFP
    US Special Presidential Envoy for Climate John Kerry arrives. AFP
  • A police officer uses a mirror to check a car's undercarriage near the Bayerischer Hof hotel. EPA
    A police officer uses a mirror to check a car's undercarriage near the Bayerischer Hof hotel. EPA

“What is at stake in this war is even greater than the security and sovereignty of one nation. It’s about the security and sovereignty of every nation," he added. “Because Russia’s invasion, its abhorrent war crimes and irresponsible nuclear rhetoric are symptomatic of a broader threat to everything we believe in.

“When Putin started this war, he gambled that our resolve would falter. Even now he is betting we will lose our nerve. But we proved him wrong then, and we will prove him wrong now.”

Beyond Nato considerations, Mr Sunak argued that securing a lasting peace for Ukraine would also require international law to be strengthened.

With the first anniversary of the conflict approaching, he will also press for a new plan to protect Ukraine’s sovereignty in the future.

The intervention follows Mr Zelenskyy’s visit to Britain, Paris and Brussels last week, when he made the case for fighter planes.

Mr Sunak used Mr Zelenskyy’s visit to announce a two-pronged approach to support for Ukraine, offering military kit immediately to fend off a Russian offensive and preparing its forces for the longer term, but not the requested planes.

To coincide with the war leader’s momentous trip, the UK government announced that Britain would extend its training mission — under which 10,000 Ukrainian troops have already come to the UK — to cover fighter jet pilots, ensuring Ukraine can defend its skies using “Nato tactics” in the future.

The training of pilots is expected to commence in the spring, according to Downing Street officials.

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Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
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Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

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US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

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Full list of Emmy 2020 nominations

LEAD ACTOR IN A COMEDY SERIES

Anthony Anderson, Black-ish
Don Cheadle, Black Monday
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Michael Douglas, The Kominsky Method
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LEAD ACTRESS IN A DRAMA SERIES

Jennifer Aniston, The Morning Show
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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
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Ahmed Saadawi
​​​​​​​Penguin Press

A cryptocurrency primer for beginners

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There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

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MATCH INFO

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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.”

What is Reform?

Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.

It was founded in 2018 and originally called the Brexit Party.

Many of its members previously belonged to UKIP or the mainstream Conservatives.

After Brexit took place, the party focused on the reformation of British democracy.

Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.

The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.

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2.45pm: Maiden Dh75,000 1,000m
Winner: Raakezz, Tadhg O’Shea, Nicholas Bachalard
3.15pm: Handicap Dh105,000 1,200m
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Winner: Chiefdom, Royston Ffrench, Salem bin Ghadayer
4.45pm: Handicap Dh80,000 1,800m
Winner: King’s Shadow, Richard Mullen, Satish Seemar

Updated: February 18, 2023, 7:27 PM