Ukraine's President Volodymyr Zelenskyy pressed his case for Ukraine to be part of the Nato military alliance as he joined European leaders on Thursday in Moldova close to his nation's border, ahead of an expected counter-offensive against Russia's invasion.
Addressing leaders at the start of the European Political Community summit, Mr Zelenskyy asked them to take a clear decision on whether to admit Ukraine at the military alliance's next summit in Lithuania, on July 11-12.
“This is the sole point I want to emphasise,” he said.
“At the Nato summit, [a] clear invitation for membership for Ukraine is needed.”
He warned that any doubts European leaders show before admitting Kyiv into the alliance would embolden Russia.
“We must remember that every doubt we show here in Europe is a trench that Russia will definitely try to occupy,” he said.
Russia is “afraid” of Nato and “tries to swallow only those who are outside the common security space”, Mr Zelenskyy said.
When Russia fails to invade its neighbours, it leaves a “frozen war” instead, he added, in a clear reference to host country Moldova's Moscow-backed separatist region of Transnistria.
“That is why every European country that borders Russia and does not want Russia to tear it apart should be a full member of the EU and Nato,” said Mr Zelenskyy.
The Ukrainian President was the first of more than 40 leaders to be greeted by Moldova’s President Maia Sandu for the second European Political Community summit, at a castle 20km from the Ukrainian border in the town of Bulboaca.
“Ukraine keeps Moldova safe today and we are very, very grateful for that,” said Ms Sandu. There were fears in Moldova after Russia invaded Ukraine last year that should it be successful, it would also try to invade Moldova.
Symbolism of Moldova as host
The main topic of the summit was support for Ukraine. Other issues, including a surge in ethnic tensions in Kosovo and efforts towards lasting peace between Armenia and Azerbaijan, were also on the agenda.
Leaders from 27 member states of the EU and neighbouring countries, including the UK and Turkey, were invited. Newly re-elected Turkish President Recep Tayyip Erdogan was one of the few leaders to skip the summit.
It is highly symbolic for the second EPC summit to take place in Moldova, one of the poorest countries in Europe and highly dependent on Russian gas imports. The country succeeded in overcoming an energy crisis this winter with strong financial support from Brussels.
Organising the EPC was a challenge for the small ex-Soviet republic of about 2.6 million people, which shut its air space on Thursday except for official delegation planes.
Moldova, which has long wanted to join the EU, was granted candidate status in June, at the same time as Ukraine.
Seemingly alluding to Moldova, Mr Zelenskyy said countries waiting to join the bloc and Nato were disappointed it was taking so long.
Ukraine needs to know what happens after the war is over
Lithuania's President Gitanas Nauseda
“Think about this disappointment,” he said, “and the disappointment both of our soldiers fighting for freedom and those nations for whom our struggle in Ukraine is their hope.”
Despite Mr Zelenskyy's pleas, Dutch Prime Minister Mark Rutte said he did not believe Ukraine would join Nato any time soon. There are fears this would place the alliance in direct confrontation with Russia.
Speaking to reporters as he arrived at the summit, Mr Rutte said the Vilnius summit would “stop short of offering full membership of Nato at this stage”.
“It's not possible because of this awful aggression of Russian happening inside Ukraine.”
He said he was “happy” the Netherlands, the UK, Denmark and Poland had recently agreed on a “fighter jet coalition” for Ukraine.
“We also need to work on expanding the Patriot coalition, which is currently the US, Germany and the Netherlands, because Ukraine is urgently in need of more Patriot systems,” Mr Rutte said.
Lithuania's President Gitanas Nauseda said allies should compensate Ukraine for their inability to fast-track the request.
“Ukraine needs to know what happens after the war is over,” he said.
French President Emmanuel Macron suggested in a speech in Bratislava on Wednesday that Ukraine be granted an “Israel-type package”, apparently referring to Israel's highly equipped security apparatus which is backed largely by a foreign power – the US.
“I think we have to build something between the security provided to Israel and a fully fledged membership,” he said.
No date given for expected peace summit
Mr Zelenskyy called for the fighter jet coalition to move forward fast.
“Every step in air defence enforcement is literally saving lives,” he said.
“I will need today to convince as many partners as possible. I don’t need to tell you how much is at stake.”
Three people including a child were killed by Russian missile attacks on Wednesday night.
The Ukrainian President said “at least 484 Ukrainian children [have been] killed by Russia” since it invaded last year.
“This year is for decisions,” he stressed.
Ukraine is expected to launch a much-anticipated counter-offensive within days, according to Ukrainian officials.
Mr Zelenskyy also confirmed his country was preparing a peace summit for this summer but declined to give a date.
“Of course we want to involve as much as possible countries, that’s why we did not fix the date,” he said.
It is not known if China’s leader Xi Jinping will attend, although there are indications that Saudi Arabia’s Crown Prince Mohammed bin Salman and Indian Prime Minister Narendra Modi’s will, The Wall Street Journal reported.
French officials have said the idea of a peace summit is strongly supported by Mr Macron but they also declined to give a date, stressing that work is continuing on nailing down participants.
Denmark’s Foreign Minister Jeppe Kofod last month said his country was willing to host peace talks.
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
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
TICKETS
For tickets for the two-day Maharlika Pilipinas Basketball League (MPBL) event, entitled Dubai Invasion 2019, on September 27 and 28 go to www.meraticket.com.
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Raha%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Kuwait%2FSaudi%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Tech%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2414%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Soor%20Capital%2C%20eWTP%20Arabia%20Capital%2C%20Aujan%20Enterprises%2C%20Nox%20Management%2C%20Cedar%20Mundi%20Ventures%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20166%3C%2Fp%3E%0A
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
Killing of Qassem Suleimani
The currency conundrum
Russ Mould, investment director at online trading platform AJ Bell, says almost every major currency has challenges right now. “The US has a huge budget deficit, the euro faces political friction and poor growth, sterling is bogged down by Brexit, China’s renminbi is hit by debt fears while slowing Chinese growth is hurting commodity exporters like Australia and Canada.”
Most countries now actively want a weak currency to make their exports more competitive. “China seems happy to let the renminbi drift lower, the Swiss are still running quantitative easing at full tilt and central bankers everywhere are actively talking down their currencies or offering only limited support," says Mr Mould.
This is a race to the bottom, and everybody wants to be a winner.
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.0%20twin-turbo%20inline%20six-cylinder%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3Eeight-speed%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E503hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E600Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh400%2C000%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Alaan%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Parthi%20Duraisamy%20and%20Karun%20Kurien%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%247%20million%20raised%20in%20total%20%E2%80%94%20%242.5%20million%20in%20a%20seed%20round%20and%20%244.5%20million%20in%20a%20pre-series%20A%20round%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
How to get exposure to gold
Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.
A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.
Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.
Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.
London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long
However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.