RDIF’s Dmitriev predicts pandemic end by May, claims Russia’s vaccine is ‘world’s best’

Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF), was speaking on Frankly Speaking talking about the COVID-19 pandemic and Russia's Sputnik V vaccine. (Screenshot/AN Photo)
Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF), was speaking on Frankly Speaking talking about the COVID-19 pandemic and Russia's Sputnik V vaccine. (Screenshot/AN Photo)
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Updated 19 January 2021

RDIF’s Dmitriev predicts pandemic end by May, claims Russia’s vaccine is ‘world’s best’

Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF), was speaking on Frankly Speaking talking about the COVID-19 pandemic and Russia's Sputnik V vaccine. (Screenshot/AN Photo)
  • Head of Russia’s sovereign wealth fund praises Saudi handling of coronavirus pandemic and G20
  • Appearing on Arab News talk show Frankly Speaking, said Moscow interested in investing in NEOM’s The Line

DUBAI: Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF), was uncompromising. “We have without question the best vaccine in the world,” he told Arab News.

The vaccine, Sputnik V, which has been developed to counter the COVID-19 virus, has been the subject of much skepticism in Western media and by some medical experts, but Dmitriev is having none of that.

He thinks that skepticism — a campaign of “deliberate disinformation” — is the result of jealousy of Western pharma companies mixed with a dose of geopolitical rivalry, and is not justified by the science or the Sputnik V record so far.

 

“If you look at several key parameters such as safety, efficacy, logistics, length of shot, lack of allergies, lack of other significant consequences, Sputnik V is out there as the number one, the best vaccine in the world,” Dmitriev said.

Dmitriev, who is well known in the senior circles of power in Saudi Arabia through the investment and financial work of RDIF, was speaking on Frankly Speaking, the televised interview in which senior policymakers are questioned on their views about the most important issues of the day.

He said Sputnik V was steadily winning over the rest of the world to the benefits of its product, which uses a human adenovirus vector, in contrast to Western techniques.

Recently, Argentina authorized the vaccine and received its first supplies, and just last week Paraguay announced it too was going for the Russian product. Of course, the biggest roll-out has been in Russia itself, where 1.5 million people have taken the Sputnik V shots, including — as Dmitriev pointed out with great satisfaction — the Moscow correspondent of the New York Times, who was among the more scathing critics of Sputnik after was launched last summer.

Andrew Kramer, who had been highly critical of the science behind Sputnik V and the Russian government’s development of the first COVID-19 vaccine, finally conceded it was a “bona fide accomplishment for Russian scientists continuing a long and storied practice of vaccine development” — quite a climbdown for a correspondent of a newspaper not known to be charitable towards Russia.

Dmitriev also detects a change of tone among European countries who are now more willing to consider Sputnik V, as they experience problems getting sufficient doses of other vaccines. There have been talks between German and Russian leaders about co-operation on vaccine production, as well as France and other European countries.

Russia is seeking approval from European authorities, and is also in collaboration with Astra Zeneca of the UK on a product that combines vaccine techniques. “There is no question that the skeptics are out of arguments. We have one of the best vaccines and that is accepted by more and more countries every day,” he said.

Dmitriev predicted that the worst of the pandemic would be over by May in countries that had done “very massive, very fast vaccination.”

Although a financier and investment expert by background, Dmitriev has over the past year become something of an expert on medical and public-health issues, so his views on the Saudi reaction to the pandemic are apposite.

 

“I think Saudi Arabia has handled it very well,” he said. “If you look at the total number of cases, and the actions of the Saudi government, of His Majesty, King Salman, and HRH, Crown Prince Mohammed bin Salman, you see a very strong response, a very aggressive response, that allowed Saudi to contain the virus probably much better than many countries.

“I think this is really a testament to your very efficient and very focused system, focused on testing, focused on really treating people early.”

Dmitriev also praised the Kingdom’s management of the G20 summit, held under Saudi presidency in 2020, which tacked crucial issues relating to vaccine development, medical investment and the financial response to the lockdown recession caused by the pandemic.

“This is a very important message as we fight this pandemic. We can defeat it only by working together — Russia and Saudi, Saudi and other leaders of the G20, and other countries — only by partnership can we really finish off this pandemic efficiently,” he said.

 

The relationship between Saudi Arabia and Russia has become ever closer since 2017, when King Salman made the first ever visit to Moscow by a reigning Saudi monarch, as well as several other interchanges involving Crown Prince Mohammed bin Salman and Vladimir Putin, the Russian president.

RDIF, and Dmitriev, has been at the core of this developing partnership, which has manifested itself in a raft of business deals, as well as the ongoing alliance in the crucial oil industry via OPEC+, the alliance forged by the Kingdom and Russia that has successfully managed global energy markets through dark hours.

On what is this relationship based? “I think the essence of this relationship is trust, and we have really built this trust working together on a wide variety of issues. We started working on energy issues, on investment issues, on healthcare issues, and by this work we built a really great partnership that led to dramatic positive results for the Saudi people, the Russian people, and the people of the world,” Dmitriev said.

“We've also jointly financed many infrastructure projects that are really helping to create jobs in Russia and Saudi Arabia. I think this cooperation is an example to other nations that they should put aside differences and some of the political misunderstandings, and really focus on joint projects, really focus on economics and achieving a better understanding and better political relationship,” he said.

Dmitriev was awarded one of the Kingdom’s highest honors, the Order of King Abdulaziz, for his role in the Saudi-Russia entente, and he has had the opportunity to study the leadership style of the Kingdom’s policymakers, and in particular Crown Prince Mohammed bin Salman.




The relationship between Saudi Arabia and Russia has become ever closer since 2017, with the RDIF and Dmitriev at the core of this developing partnership. (TASS/Getty Images)

“I'm always impressed by the combination of his very big and very significant positive vision for the Saudi people and for the world, with the ability to implement this vision into the very specific tangible actions that are transforming Saudi Arabia,” he said.

Russia, an investor in the Hyperloop transport system in which the Kingdom is also partnering, will be studying closely the recently announced mega-project The Line, and is also considering other aspects of the $6 trillion worth of investment opportunities expected to be open for outside investment as part of the Vision 2030 diversification strategy.

“This infrastructure technology is really going to be a solution for the world, and the transportation needs of the future. We really believe in the technology and we believe the ecosystem that will be created as a result of this project is definitely of interest to Russia,” Dmitriev said.

The OPEC+ alliance will remain the core of the Saudi-Russia economic partnership, he added, despite recent disagreement on oil supply policy that was resolved by Saudi Arabia’s unilateral decision to cut an extra 1 million barrels a day from global supply.

“We both are interested in stable oil markets so we are completely aligned. This surprise cut from Saudi Arabia is a very important contribution because it really led to more stability and more predictability in the oil markets,” he said.

Dmitriev, who has played a personal role in the OPEC+ deliberations because of his close Saudi ties, said that the oil price would remain “more or less stable” after recent strong gains. Even the best of allies can sometimes disagree on policy matters. Russia’s friendship with Iran was underlined recently when it dismissed as “absolutely unsubstantiated and unreasonable” US allegations of collusion between Tehran and Al-Qaeda.

“The position of Russia is that we work with all nations. We are trying to find compromises with the US, with Europe and with other nations, and I think with Iran it’s very important to have engagement and to have discussions on many different issues,” Dmitriev said.

Watch full episode below:

 

 

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Twitter: @frankkanedubai


Eid festivities stop as Israel pounds Gaza

Eid festivities stop as Israel pounds Gaza
Updated 12 May 2021

Eid festivities stop as Israel pounds Gaza

Eid festivities stop as Israel pounds Gaza
  • Eid preparations came to a halt on the largely empty streets as shops downed shutters and people stayed indoors

GAZA CITY: The Gaza Strip echoed to the sound of explosions as fighting between Israel and Hamas in contested Jerusalem escalated on Tuesday.

Since Monday night, 26 Palestinians, including nine children and a woman, have been killed in Gaza, most by Israeli airstrikes, health officials said.

Eid preparations came to a halt on the largely empty streets as shops downed shutters and people stayed indoors.

Hamas spokesman Fawzi Barhoum said: “As long as the Zionist aggression against our people continues, the Palestinian resistance, especially Hamas, will remain in a state of permanent clash with the occupation, which has made Jerusalem, Al-Aqsa and the Gaza Strip a target and a scene for its crimes and violations.”

Israeli warplanes attacked dozens of sites in Gaza, including homes and farming areas, as well as military training sites belonging to Hamas and Islamic Jihad.

Israeli Prime Minister Benjamin Netanyahu said: “We are in the midst of a military campaign. The Israeli army has been attacking hundreds of Hamas and Islamic Jihad targets in Gaza.”

Al-Qassam Brigades, the military wing of Hamas, said in a statement: “The enemy bombed a target where our mujahideen were present to repel the aggression, and we have martyrs and missing persons.”

Gazans endured a long night of bombardment and terror. Some lost their loved ones, others their homes.

Rashad Al-Sayed, 57, who lives on the sixth floor of the Tiba building in Al-Shati refugee camp, west of Gaza City, said that the roof of the house collapsed on his family as they tried to sleep after dawn prayers.

From a bed in Gaza’s Al-Shifa Hospital, he told Arab News: “It was a harsh night, we could not sleep, and when we decided to sleep, the roof fell on us. Israeli warplanes struck an apartment above my flat on the seventh floor.”

Al-Sayed was slightly injured, but his eldest son, Ahmed, 23, was badly hurt and is in intensive care in the same hospital.

Eyewitnesses told Arab News that Israeli warplanes fired four missiles at an apartment on the seventh floor at about 4:30 a.m., causing damage in most of the building, and killing a woman and her son on the floor below.


Egypt, Saudi FMs discuss Israeli attacks against Palestinians

Egypt, Saudi FMs discuss Israeli attacks against Palestinians
Updated 11 May 2021

Egypt, Saudi FMs discuss Israeli attacks against Palestinians

Egypt, Saudi FMs discuss Israeli attacks against Palestinians
  • Cairo spokesperson briefs Prince Faisal on efforts Egypt is making to restore peace
  • FMs agree on prioritizing political solutions in a way that ensures strengthening stability in the region

CAIRO: Egyptian Foreign Minister Sameh Shoukry and his Saudi counterpart Prince Faisal bin Farhan Al-Saud discussed in a phone call on Monday attacks carried out by Israeli forces at the Al-Aqsa Mosque and other recent developments in Jerusalem.

Police fired tear gas and stun grenades inside the mosque and at least three Palestinians lost an eye after being struck by plastic bullets that witnesses said were aimed directly at their heads.

Tensions on the Gaza Strip border with Israel continued to mount following recent violent confrontations at the mosque and in the Sheikh Jarrah neighborhood of Jerusalem.

Ahmed Hafez, a spokesperson for the country’s Ministry of Foreign Affairs, said Shoukry briefed Prince Faisal on the efforts Egypt is making to restore peace. He stressed the need for Israel to halt its aggression and to provide the necessary protection for the Palestinian people.

The two ministers affirmed their rejection of all illegal practices aimed at undermining legitimate Palestinian rights. They also agreed on prioritizing political solutions in a way that ensures strengthening stability in the region and the importance of all parties respecting international law.

In an official statement, the Egyptian Foreign Ministry expressed its condemnation of “these rapid and dangerous developments.”

The statement emphasized the need to stop all practices that violate the sanctity of the Al-Aqsa Mosque, especially during the month of Ramadan. The statement also called for the protection of Palestinian civilians in the mosque and others in East Jerusalem.


Gazans serving up smoked fish on first day of Eid

Gazans serving up smoked fish on first day of Eid
Updated 11 May 2021

Gazans serving up smoked fish on first day of Eid

Gazans serving up smoked fish on first day of Eid
  • Palestinians say herring and fesikh fish increase the appetite and are useful for the stomach following a month of fasting
  • Local fish industry is flourishing as imported herring fish from Israel, which for years had been the main supplier for Gaza’s needs, has decreased significantly

GAZA STRIP: Abed Rabbo Adwan, who learned a few years ago how to prepare herring, prefers to cook the fish at his home in the city of Rafah, which is in the southern Gaza Strip. 

Herring and fesikh fish are used as the main dish on the tables of the majority of Gaza residents during the first day of Eid Al-Fitr because they believe it increases the appetite and is useful for the stomach following a month of fasting.

Its popularity has spread throughout Palestinian homes, especially in the southern Gaza Strip, adjacent to the border with Egypt.

Adwan said that preparing herring at home guarantees quality, and at a much lower price compared to what is available in the market, which is usually prepared locally or imported from Israel.

He said his family helps him prepare the fish, which creates an atmosphere of happiness during the last days of Ramadan and ahead of Eid.

The local fish industry is flourishing as the import of herring fish from Israel, which for years had been the main supplier for Gaza’s needs, has decreased significantly. The price of a kilo of locally prepared smoked fish is 20 shekels ($6), about half the price of its imported counterpart from Israel.

To start, Adwan buys a kilo of mackerel or frozen tuna, cleans the fish, and then salts it with some help from his family. After that, he smokes the fish in a primitive way that does not cost much.

The preparation begins with removing its entrails, filling the cleaned fish with salt, and leaving it for 24 hours. After washing it well and then drying the fish, he hangs it vertically with iron clips over iron bars inside an oven. The flames are ignited with charcoal and sawdust.

Adwan does not have a furnace. He uses an iron container as an oven and closes it tightly to block the air so the fish inside does not catch fire or get spoiled.

“The fish remains in this position, exposed to smoke, for about two hours,” he said. “This gives the fish the taste of smoke and turns its color from white to yellowish to gold. Then it is ready to eat.”

As some in his family prefer fesikh to herring for breakfast on the first day of Eid, Adwan makes a limited amount of it using a different method. A kilo of fesikh in the market ranges between 10 and 30 shekels and it is stored in a place away from the air for about a month.

Traders say that Gaza produces large quantities of herring and fesikh which is sufficient for local consumption. Gaza can even export the fish if given the opportunity.

Ibrahim Hejazy, the owner of one of the largest herring plants in Gaza, said he started in the industry about seven years ago with a limited quantity that was for personal consumption. The idea developed and he set up a factory that started to produce quantity.

“I was encouraged by the great turnout to expand the factory and bring in a special oven for preparation,” Hejazy said. “Today, we have become the most famous factory in the Gaza Strip, distributing what we produce to merchants, distributors and shops.”

Hejazi took over other bakeries and doubled his workforce, which would have been overloaded with work in the middle of Ramadan. They work all night and day preparing smoked fish to meet the market’s needs.


Rockets hit Tel Aviv after Israel rains death on Gaza

People gather at the site of a collapsed building in the aftermath of Israeli air strikes on Gaza City on May 11, 2021. (AFP)
People gather at the site of a collapsed building in the aftermath of Israeli air strikes on Gaza City on May 11, 2021. (AFP)
Updated 5 min 31 sec ago

Rockets hit Tel Aviv after Israel rains death on Gaza

People gather at the site of a collapsed building in the aftermath of Israeli air strikes on Gaza City on May 11, 2021. (AFP)
  • Israel Airports Authority halt take-offs at Tel Aviv's Ben Gurion airport "to allow defense of nation's skies"
  • At least 28 people in the Palestinian enclave and two in Israel have been killed so far

GAZA CITY/CAIRO: At least 28 Palestinians died in 24 hours of relentless Israeli air strikes on the Gaza Strip, and Hamas rockets killed two Israeli women in the southern town of Ashkelon in the worst violence between the two sides since the 2014 war.

As the death toll mounted, Israel snubbed an offer by Egypt to broker an end to the violence. 

“Egypt extensively reached out to Israel and other concerned countries urging them to exert all possible efforts to prevent the deterioration of the situation,” Egyptian Foreign Minister Sameh Shoukry said. “But we did not get the necessary response.” Instead, Israeli Prime Minister Benjamin Netanyahu vowed to rain more death on Gaza. 

“Both the strength of the attacks and the frequency of the attacks will be increased,” he said, and military spokesman Lt. Col. Jonathan Conricus said Israel was increasing its forces on the Gaza border.

The US State Department urged restraint on both sides.

Arab League chief Ahmed Aboul Gheit said the attacks on Gaza were a “miserable show of force at the expense of children’s blood,” and “Israeli provocations” were an affront to Muslims on the eve of the Eid holiday.

The Organization of Islamic Cooperation, which held an emergency meeting in Jeddah, “praised the steadfastness of the Palestinian people in the occupied city of Jerusalem.”

Israeli firefighter extinguishes a burning vehicle on Tuesday after Hamas launched rockets from Gaza Strip to Ashkelon, at southern Israel. (AFP)

The conflict spread to Gaza after days of protests in occupied East Jerusalem, where hundreds of Palestinians — including worshippers praying in Al-Aqsa Mosque, Islam’s third-holiest site — were injured in a violent Israeli crackdown with stun grenades, tear gas and plastic bullets.
On Monday and Tuesday, Gazans endured a long night and day of bombardment and terror. Some lost their loved ones, others their homes.
Rashad Al-Sayed, 57, who lives on the sixth floor of the Tiba building in Al-Shati refugee camp, west of Gaza City, said the roof of the house collapsed on his family as they tried to sleep after dawn prayers.
From a bed in Gaza’s Al-Shifa Hospital, he told Arab News: “It was a harsh night, we could not sleep, and when we decided to sleep, the roof fell on us. Israeli warplanes struck an apartment above my flat on the seventh floor.”
Al-Sayed was slightly injured, but his eldest son, Ahmed, 23, was badly hurt and is in intensive care in the same hospital.

Burnt vehicles are seen in the town of Holon near Tel Aviv after rockets were launched towards Israel from the Gaza Strip by Hamas. (AFP)

Witnesses told Arab News that Israeli warplanes fired four missiles at an apartment on the seventh floor of a tower block during dawn prayers at about 4:30 a.m., causing damage in most of the building, and killing a woman, her 19-year-old disabled son and another man on the floor below.
At midday, an air strike hit a building in the city center, sending terrified residents running into the street, including women and barefoot children. The Islamic Jihad militant group said the strike killed three of its commanders.
A 13-story residential block in the Gaza Strip collapsed on Tuesday night after being hit by an Israeli air strike. Three plumes of thick smoke rose from the tower, its upper stories still intact until it collapsed to the ground. The tower housed an office used by the Hamas political leadership.
The Gaza Health Ministry said 28 people, including 10 children and the woman, had been killed and 152 injured since Monday. Ministry spokesman Ashraf Al-Kidra said Israel’s “relentless assault” was overwhelming the healthcare system, which has been struggling with COVID-19.
Electricity in the surrounding area went out, and residents were using flashlights.

Flames are seen following an Israeli air strike on Rafah, in the south of the Gaza Strip controlled by the Palestinian Hamas movement, on May 11, 2021. (AFP)

Shortly after the attack, Hamas and the Islamic Jihad group said they would respond by firing rockets at Tel Aviv.
Air raid sirens and explosions were heard around the city, and the skies were lit up by the streaks of multiple interceptor missiles launched toward the incoming rockets.
Pedestrians ran for shelter, and diners streamed out of Tel Aviv restaurants while others flattened themselves on pavements as the sirens sounded.
Israeli television stations said three people had been wounded in the suburb of Holon.
The Israel Airports Authority said it had halted take-offs at Tel Aviv’s Ben Gurion airport “to allow defense of (the) nation’s skies.”
“We are now carrying out our promise,” Hamas’s armed wing said in a statement. “The Qassam Brigades are launching their biggest rocket strike against Tel Aviv and its suburbs, with 130 rockets, in response to the enemy’s targeting of residential towers.”
Hours earlier, Israel had sent 80 jets to bomb Gaza and massed tanks on the border as rocket barrages hit Israeli towns for a second day, deepening a conflict in which at least 28 people in the Palestinian enclave and two in Israel have been killed.
Residents of the block and people living nearby had been warned to evacuate the area around an hour before the air strike, according to witnesses, and there were no reports of casualties two hours after it collapsed.
The most serious outbreak of fighting since 2019 between Israel and armed factions in Gaza was triggered by clashes between Palestinians and Israeli police at Jerusalem’s Al-Aqsa Mosque on Monday.

Opinion

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The city, holy to Jews, Muslims and Christians, has been tense during the Muslim fasting month of Ramadan, with the threat of a court ruling evicting Palestinians from homes claimed by Jewish settlers adding to the friction.
Prime Minister Benjamin Netanyahu said Israel would step up its strikes on Gaza, an enclave of 2 million people, in response to the rocket attacks.
“Both the strength of the attacks and the frequency of the attacks will be increased,” he said in a video statement.
Within an hour, Israel said it had deployed jets to bomb rocket launch sites in and around Gaza City.

Officials said infantry and armor were being dispatched to reinforce the tanks already gathered on the border, evoking memories of the last Israeli ground incursion into Gaza to stop rocket attacks, in 2014.
More than 2,100 Gazans were killed in the seven-week war that followed, according to the Gaza health ministry, along with 73 Israelis, and thousands of homes in Gaza were razed.
On Tuesday, before the block collapsed, the Gaza health ministry said at least 28 Palestinians, including 10 children, had been killed and 152 wounded by Israeli strikes since Hamas on Monday fired rockets toward Jerusalem for the first time since 2014.
Israel’s national ambulance service said two women had been killed in rocket strikes on the southern city of Ashkelon.
The International Committee of the Red Cross urged all sides to step back, and reminded them of the requirement in international law to try to avoid civilian casualties.

 


Iran has enriched uranium to up to 63 percent purity, IAEA says

Iran has enriched uranium to up to 63 percent purity, IAEA says
Updated 12 May 2021

Iran has enriched uranium to up to 63 percent purity, IAEA says

Iran has enriched uranium to up to 63 percent purity, IAEA says
  • Iran made the shift to 60%, a big step towards nuclear weapons-grade from the 20% previously achieved
  • The deal says Iran cannot enrich beyond 3.67% fissile purity, far from the 90% of weapons-grade

VIENNA: “Fluctuations” at Iran’s Natanz plant pushed the purity to which it enriched uranium to 63 percent, higher than the announced 60 percent that complicated talks to revive its nuclear deal with world powers, a report by the UN nuclear watchdog said on Tuesday.
Iran made the shift to 60 percent, a big step toward nuclear weapons-grade from the 20 percent previously achieved, last month in response to an explosion and power cut at Natanz that Tehran has blamed on Israel and appears to have damaged its enrichment output at a larger, underground facility there.
Iran’s move rattled the current indirect talks with the United States to agree conditions for both sides to return fully to the 2015 nuclear deal, which was undermined when Washington abandoned it in 2018, prompting Tehran to violate its terms.
The deal says Iran cannot enrich beyond 3.67 percent fissile purity, far from the 90 percent of weapons-grade. Iran has long denied any intention to develop nuclear weapons.
“According to Iran, fluctuations of the enrichment levels... were experienced,” the International Atomic Energy Agency (IAEA) said in the confidential report to its member states, seen by Reuters.
“The agency’s analysis of the ES (environmental samples) taken on 22 April 2021 shows an enrichment level of up to 63 percent U-235, which is consistent with the fluctuations of the enrichment levels (described by Iran),” it added, without saying why the fluctuations had occurred.
A previous IAEA report last month said Iran was using one cascade, or cluster, of advanced IR-6 centrifuge machines to enrich to up to 60 percent and feeding the tails, or depleted uranium, from that process into a cascade of IR-4 machines to enrich to up to 20 percent.
Tuesday’s report said the Islamic Republic was now feeding the tails from the IR-4 cascade into a cascade of 27 IR-5 and 30 IR-6s centrifuges to refine uranium to up to 5 percent.