A Ukrainian soldier walks past the shell of a burnt military vehicle, on a street in Kiev. AP
A Ukrainian soldier walks past the shell of a burnt military vehicle, on a street in Kiev. AP
A screengrab from CCTV footage shows a missile hitting a residential building in Kiev. Reuters
A screengrab from CCTV footage shows a missile hitting a residential building in Kiev. Reuters
A man inspects a broken window, after shelling carried out by Russian troops in the Ukrainian capital. Reuters
A man inspects a broken window, after shelling carried out by Russian troops in the Ukrainian capital. Reuters
Ukrainian soldiers take positions outside a military centre as two cars burn on a street in Kiev. AP
Ukrainian soldiers take positions outside a military centre as two cars burn on a street in Kiev. AP
Medical specialists transport a woman, who was wounded in the shelling of an apartment building, to an ambulance, as her husband looks on. Reuters
Medical specialists transport a woman, who was wounded in the shelling of an apartment building, to an ambulance, as her husband looks on. Reuters
A woman outside her apartment building after it was damaged by a rocket, in Kiev. AP
A woman outside her apartment building after it was damaged by a rocket, in Kiev. AP
A Ukrainian police officer detains a driver on a street in Kiev. AP
A Ukrainian police officer detains a driver on a street in Kiev. AP
A soldier's helmet with a bullet hole on a street in the Ukrainian capital. AP
A soldier's helmet with a bullet hole on a street in the Ukrainian capital. AP
Ukrainian soldiers walk by a damaged vehicle, at the site of fighting with Russian troops, in Kiev. Reuters
Ukrainian soldiers walk by a damaged vehicle, at the site of fighting with Russian troops, in Kiev. Reuters
Ukrainian policemen move parrots to safety after a high-rise apartment block was damaged by shelling in Kiev. EPA
Ukrainian policemen move parrots to safety after a high-rise apartment block was damaged by shelling in Kiev. EPA
A screengrab from a video shows rescue workers carrying a person at the site of a damaged multi-storey residential building, south-west of the Ukrainian capital. Reuters
A screengrab from a video shows rescue workers carrying a person at the site of a damaged multi-storey residential building, south-west of the Ukrainian capital. Reuters
A building damaged by shelling carried out by Russian troops in Kiev. EPA
A building damaged by shelling carried out by Russian troops in Kiev. EPA
Helga Tarasova comforts her daughter Kira Shapovalova as they wait in an underground shelter during a bombing alert in Kiev. AFP
Helga Tarasova comforts her daughter Kira Shapovalova as they wait in an underground shelter during a bombing alert in Kiev. AFP
A man walks past a building damaged by a rocket attack in the Ukrainian capital. AP
A man walks past a building damaged by a rocket attack in the Ukrainian capital. AP
Emergency services workers near an apartment building damaged by shelling in Kiev. Reuters
Emergency services workers near an apartment building damaged by shelling in Kiev. Reuters
Ukrainian soldiers collect unexploded shells in the capital. AFP
Ukrainian soldiers collect unexploded shells in the capital. AFP
An apartment building damaged by shelling in Kiev. Reuters
An apartment building damaged by shelling in Kiev. Reuters
Debris of a burnt military truck on a street in Kiev. AP
Debris of a burnt military truck on a street in Kiev. AP
Natali Sevriukova stands next to her home after a rocket attack in Kiev, Ukraine. AP
Natali Sevriukova stands next to her home after a rocket attack in Kiev, Ukraine. AP
People on foot and in cars move to cross from Ukraine to Poland at the Korczowa-Krakovets border crossing following the Russian invasion of Ukraine. AFP
People on foot and in cars move to cross from Ukraine to Poland at the Korczowa-Krakovets border crossing following the Russian invasion of Ukraine. AFP
Servicemen from the Ukrainian National Guard in central Kiev. Reuters
Servicemen from the Ukrainian National Guard in central Kiev. Reuters
Ukrainian soldiers in downtown Kiev after Russian troops reached the outskirts of the capital. AP Photo
Ukrainian soldiers in downtown Kiev after Russian troops reached the outskirts of the capital. AP Photo
Police officers detain demonstrators in St. Petersburg, Russia. Hundreds of people gathered in Moscow and St. Petersburg on Thursday, protesting against Russia's attack on Ukraine. Similar protests took place in other Russian cities, and activists were also arrested. AP Photo
Police officers detain demonstrators in St. Petersburg, Russia. Hundreds of people gathered in Moscow and St. Petersburg on Thursday, protesting against Russia's attack on Ukraine. Similar protests took place in other Russian cities, and activists were also arrested. AP Photo
Hungarian troops in Vasarosnameny, close to the border with Ukraine, prepare to help refugees. AP Photo
Hungarian troops in Vasarosnameny, close to the border with Ukraine, prepare to help refugees. AP Photo
Wrecked Russian army rocket launchers in Kharkiv, Ukraine. Reuters
Wrecked Russian army rocket launchers in Kharkiv, Ukraine. Reuters
The aftermath of a rocket attack in Kiev. AP Photo
The aftermath of a rocket attack in Kiev. AP Photo
A US Air Force jet refuels over Poland. Reuters
A US Air Force jet refuels over Poland. Reuters
Devastation after shelling in Ukraine's Luhansk enclave. Reuters
Devastation after shelling in Ukraine's Luhansk enclave. Reuters
The Royal Welsh Battlegroup from the UK makes its way to Estonia. Reuters
The Royal Welsh Battlegroup from the UK makes its way to Estonia. Reuters
Firefighters tackle a blaze in a building in Kiev. AFP
Firefighters tackle a blaze in a building in Kiev. AFP
The wreckage of an unidentified aircraft in a residential area in Kiev. Reuters
The wreckage of an unidentified aircraft in a residential area in Kiev. Reuters
Smoke rises near the Ukrainian Defence Ministry in Kiev. Reuters
Smoke rises near the Ukrainian Defence Ministry in Kiev. Reuters
Russian military helicopters fly over the Ukrainian capital. AP
Russian military helicopters fly over the Ukrainian capital. AP
An anxious wait to board a train to leave Kiev as the attack loomed. AP Photo
An anxious wait to board a train to leave Kiev as the attack loomed. AP Photo
Ukrainian servicemen on tanks in the Donetsk region, eastern Ukraine. AP Photo
Ukrainian servicemen on tanks in the Donetsk region, eastern Ukraine. AP Photo
Ukraine troops said this destroyed armoured vehicle outside Kharkiv belonged to the Russian army. Reuters
Ukraine troops said this destroyed armoured vehicle outside Kharkiv belonged to the Russian army. Reuters
Rescuers at the crash site after a Ukraine armed forces Antonov aircraft was shot down in Kiev, according to the Ukrainian authorities. Reuters
Rescuers at the crash site after a Ukraine armed forces Antonov aircraft was shot down in Kiev, according to the Ukrainian authorities. Reuters
Ukrainian tanks that aim to repel an attack by the Russian military in the Luhansk enclave of Ukraine. AFP
Ukrainian tanks that aim to repel an attack by the Russian military in the Luhansk enclave of Ukraine. AFP
A Ukrainian State Border Guard Service base is ablaze after heavy shelling near Kiev. Reuters
A Ukrainian State Border Guard Service base is ablaze after heavy shelling near Kiev. Reuters
Damaged radar at a Ukrainian military plant outside Mariupol. Officials in Kiev say Russian troops have rolled into the country from the north, east and south. AP Photo
Damaged radar at a Ukrainian military plant outside Mariupol. Officials in Kiev say Russian troops have rolled into the country from the north, east and south. AP Photo
Firefighters attend a blaze after bombing in the eastern Ukrainian town of Chuguiv, as Russian armed forces appeared to be bombarding Ukraine from several directions. AFP
Firefighters attend a blaze after bombing in the eastern Ukrainian town of Chuguiv, as Russian armed forces appeared to be bombarding Ukraine from several directions. AFP
A traffic jam in Kiev, with many Ukrainians leaving their capital after Russian troops entered. EPA
A traffic jam in Kiev, with many Ukrainians leaving their capital after Russian troops entered. EPA
The Border Service of Ukraine released CCTV footage purporting to show Russian military vehicles passing a checkpoint to drive into Crimea. AP
The Border Service of Ukraine released CCTV footage purporting to show Russian military vehicles passing a checkpoint to drive into Crimea. AP
A man picks up fragments of military materiel on the street after an apparent Russian strike in Kharkiv, Ukraine. AP
A man picks up fragments of military materiel on the street after an apparent Russian strike in Kharkiv, Ukraine. AP
Workers load the debris of a rocket on to a lorry in the aftermath of Russian shelling in Kiev. AP
Workers load the debris of a rocket on to a lorry in the aftermath of Russian shelling in Kiev. AP
Emergency staff treat an injured man after bombing in Chuguiv. AFP
Emergency staff treat an injured man after bombing in Chuguiv. AFP
An American woman in distress after crossing the border to flee the violence in Ukraine, in Medyka, Poland. Reuters
An American woman in distress after crossing the border to flee the violence in Ukraine, in Medyka, Poland. Reuters
People take shelter in a Kiev subway station, after Russian President Vladimir Putin authorised a military operation in eastern Ukraine. Reuters
People take shelter in a Kiev subway station, after Russian President Vladimir Putin authorised a military operation in eastern Ukraine. Reuters
People in a rush near Kiev-Pasazhyrskyi railway station in the Ukrainian capital. AFP
People in a rush near Kiev-Pasazhyrskyi railway station in the Ukrainian capital. AFP
A Flightradar24.com screengrab shows a dearth of civilian aircraft in Ukrainian airspace after the Russian invasion. AP
A Flightradar24.com screengrab shows a dearth of civilian aircraft in Ukrainian airspace after the Russian invasion. AP
The aftermath of bombing in Chuguiv. AFP
The aftermath of bombing in Chuguiv. AFP
A Ukrainian rocket launcher vehicle prepares for action. Reuters
A Ukrainian rocket launcher vehicle prepares for action. Reuters
Cars are driven across a field to leave the city of Kharkiv. Reuters
Cars are driven across a field to leave the city of Kharkiv. Reuters
People chant, carry placards and wave Ukrainian flags as they gather in Sydney, to demonstrate against Russian attacks on its neighbour. AP
People chant, carry placards and wave Ukrainian flags as they gather in Sydney, to demonstrate against Russian attacks on its neighbour. AP
People with many of their belongings packed take shelter in a Metro station in Kiev. AFP
People with many of their belongings packed take shelter in a Metro station in Kiev. AFP
Emergency services at the scene of an explosion at a military unit building in Kiev. EPA
Emergency services at the scene of an explosion at a military unit building in Kiev. EPA
A Kiev resident sweeps up debris after Russian shelling. AP
A Kiev resident sweeps up debris after Russian shelling. AP
The first 40 soldiers of the 173rd US Army Airborne Brigade step off a military plane in Latvia. EPA
The first 40 soldiers of the 173rd US Army Airborne Brigade step off a military plane in Latvia. EPA
More damage from shelling in Kiev. AP
More damage from shelling in Kiev. AP
People wait at a bus station to travel to western parts of Ukraine, after violence in the east. Reuters
People wait at a bus station to travel to western parts of Ukraine, after violence in the east. Reuters
A woman carries her cats in a quest for a safe haven. AFP
A woman carries her cats in a quest for a safe haven. AFP
Ukrainian President Volodymyr Zelenskyy holds an urgent government meeting in Kiev to discuss the next step. AFP
Ukrainian President Volodymyr Zelenskyy holds an urgent government meeting in Kiev to discuss the next step. AFP
European Commission President Ursula von der Leyen and foreign policy chief Josep Borrell give a joint statement in Brussels, updating the press about the situation in Ukraine. EPA
European Commission President Ursula von der Leyen and foreign policy chief Josep Borrell give a joint statement in Brussels, updating the press about the situation in Ukraine. EPA
People survey the damage after bombing in Chuguiv. AFP
People survey the damage after bombing in Chuguiv. AFP
A building on fire in Chuguiv. AFP
A building on fire in Chuguiv. AFP

Business

Money

Russian billionaires lose $39bn in wealth barely 24 hours after Ukraine attack

Benchmark MOEX Russia Index closed 33% lower, the fifth-worst plunge in stock market history

Bloomberg

February 25, 2022

  • English
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Live updates: follow the latest news on Russia-Ukraine

Russia’s wealthiest people were already feeling the squeeze from the escalating tension between their nation and Ukraine.

It got much worse for their net worth after Russian President Vladimir Putin’s decision to invade Ukraine. In less than 24 hours, they lost $39 billion — more than they had lost up to that point this year.

The damage was across asset classes. Russia’s benchmark MOEX Russia Index closed 33 per cent lower in Moscow, the fifth-worst plunge in stock market history in local currency terms.

It marked the first time since 1987’s Black Monday crash that a decline of that magnitude hit a market worth more than $50bn.

Meanwhile, the UBS Group triggered margin calls on some wealth management clients that use Russian bonds as collateral for their portfolios after cutting the lending value of some debt from the country to zero. The Swiss wealth manager says it caters to half of the world’s billionaires.

One of the worst security crises in Europe since the Second World War threatens to deepen market declines in the region, but especially in Russia, which has been hit with sanctions by the US and UK.

A handful of billionaires, including Gennady Timchenko, are also subject to penalties for their ties to Mr Putin, although there are calls to widen the list of potential targets.

“There are a lot of people in the US and Europe who want to hit them directly,” Chris Miller, co-director of the Russia and Eurasia programme at Tufts University’s Fletcher School, said of Russian billionaires. “I don’t think there’s any good news in the sanctions for them.”

There are a lot of people in the US and Europe who want to hit them [Russian billionaires] directly
Chris Miller,
co-director of the Russia and Eurasia programme at Tufts University’s Fletcher School

Lukoil chairman Vagit Alekperov suffered the sharpest decline, with his net worth slashed by about a third in a day, falling by about $6.2bn to $13bn, according to the Bloomberg Billionaires Index.

Shares of the Moscow-based oil producer slumped by about 33 per cent on Thursday.

Alexey Mordashov, chairman of steel maker Severstal, lost $4.2bn, bringing his fortune to $23bn.

Vladimir Potanin, president of Norilsk Nickel and currently Russia’s richest person, lost $3bn.

Russian President Vladimir Putin and Volga Group founder Gennady Timchenko, who is now subject to penalties for his ties to Kremlin. Getty
Russian President Vladimir Putin and Volga Group founder Gennady Timchenko, who is now subject to penalties for his ties to Kremlin. Getty
The Bio

Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity

The five pillars of Islam
The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Transgender report
KILLING OF QASSEM SULEIMANI

The Light of the Moon

Director: Jessica M Thompson

Starring: Stephanie Beatriz, Michael Stahl-David

Three stars

While you're here
Ain Issa camp:
  • Established in 2016
  • Houses 13,309 people, 2,092 families, 62 per cent children
  • Of the adult population, 49 per cent men, 51 per cent women (not including foreigners annexe)
  • Most from Deir Ezzor and Raqqa
  • 950 foreigners linked to ISIS and their families
  • NGO Blumont runs camp management for the UN
  • One of the nine official (UN recognised) camps in the region
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%3Cp%3EEncourage%20innovation%20in%20the%20metaverse%20field%20and%20boost%20economic%20contribution%3C%2Fp%3E%0A%3Cp%3EDevelop%20outstanding%20talents%20through%20education%20and%20training%3C%2Fp%3E%0A%3Cp%3EDevelop%20applications%20and%20the%20way%20they%20are%20used%20in%20Dubai's%20government%20institutions%3C%2Fp%3E%0A%3Cp%3EAdopt%2C%20expand%20and%20promote%20secure%20platforms%20globally%3C%2Fp%3E%0A%3Cp%3EDevelop%20the%20infrastructure%20and%20regulations%3C%2Fp%3E%0A
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
World Mental Health Day
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The Florida Project

Director: Sean Baker

Starring: Bria Vinaite, Brooklynn Prince, Willem Dafoe

Four stars

Teenage%20Mutant%20Ninja%20Turtles%3A%20Shredder's%20Revenge
%3Cp%3E%3Cstrong%3EDeveloper%3A%20%3C%2Fstrong%3ETribute%20Games%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Dotemu%3Cbr%3E%3Cstrong%3EConsoles%3A%20%3C%2Fstrong%3ENintendo%20Switch%2C%20PlayStation%204%26amp%3B5%2C%20PC%20and%20Xbox%20One%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Killing of Qassem Suleimani
UAE currency: the story behind the money in your pockets
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Main report
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Switch%20Foods%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Edward%20Hamod%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Plant-based%20meat%20production%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2034%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%246.5%20million%3Cbr%3E%3Cstrong%3EFunding%20round%3A%3C%2Fstrong%3E%20Seed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Based%20in%20US%20and%20across%20Middle%20East%3C%2Fp%3E%0A
Mohammed bin Zayed Majlis
Inside%20Out%202
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3EKelsey%20Mann%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%C2%A0Amy%20Poehler%2C%20Maya%20Hawke%2C%20Ayo%20Edebiri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4.5%2F5%3C%2Fp%3E%0A
The specs

BMW M8 Competition Coupe

Engine 4.4-litre twin-turbo V8

Power 625hp at 6,000rpm

Torque 750Nm from 1,800-5,800rpm

Gearbox Eight-speed paddleshift auto

Acceleration 0-100kph in 3.2 sec

Top speed 305kph

Fuel economy, combined 10.6L / 100km

Price from Dh700,000 (estimate)

On sale Jan/Feb 2020
 

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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.

Part three: an affection for classic cars lives on

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

Read part one: how cars came to the UAE

Details

Through Her Lens: The stories behind the photography of Eva Sereny

Forewords by Jacqueline Bisset and Charlotte Rampling, ACC Art Books

Updated: February 25, 2022, 6:49 AM`
Personal financeEconomyRussiaUkraine