Organisations such as the Wagner Group play a destabilising role in places where UN field missions operate, a US envoy to the UN said. AP
Organisations such as the Wagner Group play a destabilising role in places where UN field missions operate, a US envoy to the UN said. AP
Organisations such as the Wagner Group play a destabilising role in places where UN field missions operate, a US envoy to the UN said. AP
Organisations such as the Wagner Group play a destabilising role in places where UN field missions operate, a US envoy to the UN said. AP

US envoy to UN calls for better accounting of Wagner activities in Mali and beyond


Adla Massoud
  • English
  • Arabic

A US envoy on Friday called on the Security Council to provide an “honest and transparent” accounting of the destabilising role that private security forces such as Russia's Wagner Group play in fragile countries like Mali.

The comments by Richard Mills, the US deputy ambassador to the UN, come a day after Washington formally designated the Wagner Group as a transnational, “significant” criminal organisation and imposed sanctions on several entities associated with it.

“Wagner is a criminal organisation that is committing widespread atrocities and human rights abuses in Mali and elsewhere,” Mr Mills told the Security Council.

Organisations such as the Wagner Group play a destabilising role in places where UN field missions operate, he added.

The Wagner Group — a network providing fighters for hire that was founded by Yevgeny Prigozhin, an ally of Russian President Vladimir Putin — has been operating in Mali despite evidence gathered by the UN pointing to its involvement in widespread human rights abuses.

Since 2012, Mali has been plagued by insurgent groups linked to ISIS and Al Qaeda. Vast parts of the West African nation are controlled by myriad rebel groups, militias and criminal gangs.

A mural depicting mercenaries of Russia's Wagner Group that reads: 'Wagner Group - Russian knights' in Belgrade, Serbia. AP
A mural depicting mercenaries of Russia's Wagner Group that reads: 'Wagner Group - Russian knights' in Belgrade, Serbia. AP

Minusma — the UN Multidimensional Integrated Stabilisation Mission in Mali — was deployed in 2013 to shore up the turbulent Sahel state, where fighting has claimed thousands of lives and uprooted hundreds of thousands.

France, UK and Germany ended their three-year Minusma deployments in Mali because of tension with transitional authorities and the country's decision to partner with Wagner.

France's deputy ambassador to the UN, Nathalie Broadhurst, told Security Council members that the Wagner Group's presence in Mali is “known to all and even recognised by the Russian authorities”.

“Their presence has equated to regular acts of violence being perpetrated against Malian civilians, and it's also equated to growing obstacles being placed on Minusma's work. That's not acceptable,” she said.

Russia's ambassador to the UN, Vasily Nebenzia, accused the Security Council of leaving a vacuum created by the “hasty withdrawal” of French and European troops from Mali.

Last 10 NBA champions

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Global state-owned investor ranking by size

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Japan

5

Norway

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Canada

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Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

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Babumoshai Bandookbaaz

Director: Kushan Nandy

Starring: Nawazuddin Siddiqui, Bidita Bag, Jatin Goswami

Three stars

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Long Shot

Director: Jonathan Levine

Starring: Charlize Theron, Seth Rogan

Four stars

THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

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

RESULTS

 

Catchweight 63.5kg: Shakriyor Juraev (UZB) beat Bahez Khoshnaw (IRQ). Round 3 TKO (body kick)

Lightweight: Nart Abida (JOR) beat Moussa Salih (MAR). Round 1 by rear naked choke

Catchweight 79kg: Laid Zerhouni (ALG) beat Ahmed Saeb (IRQ). Round 1 TKO (punches)

Catchweight 58kg: Omar Al Hussaini (UAE) beat Mohamed Sahabdeen (SLA) Round 1 rear naked choke

Flyweight: Lina Fayyad (JOR) beat Sophia Haddouche (ALG) Round 2 TKO (ground and pound)

Catchweight 80kg: Badreddine Diani (MAR) beat Sofiane Aïssaoui (ALG) Round 2 TKO

Flyweight: Sabriye Sengul (TUR) beat Mona Ftouhi (TUN). Unanimous decision

Middleweight: Kher Khalifa Eshoushan (LIB) beat Essa Basem (JOR). Round 1 rear naked choke

Heavyweight: Mohamed Jumaa (SUD) beat Hassen Rahat (MAR). Round 1 TKO (ground and pound)

Lightweight: Abdullah Mohammad Ali Musalim (UAE beat Omar Emad (EGY). Round 1 triangle choke

Catchweight 62kg: Ali Taleb (IRQ) beat Mohamed El Mesbahi (MAR). Round 2 KO

Catchweight 88kg: Mohamad Osseili (LEB) beat Samir Zaidi (COM). Unanimous decision

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.”

Updated: January 27, 2023, 11:01 PM