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Ukraine summit sees hard road to peace as way forward uncertain

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By Dave Graham and Sabine Siebold

BUERGENSTOCK, Switzerland (Reuters) -Western powers and their allies at a summit in Switzerland denounced Russia’s invasion of Ukraine on Sunday, but they failed to persuade major non-aligned states to join their final statement, and no country came forward to host a sequel.

Over 90 countries attended the two-day talks at a Swiss Alpine resort at the behest of Ukrainian President Volodymyr Zelenskiy, billed as a “peace summit” even though Moscow was not invited.

Russia ridiculed the event from afar. A decision by China to stay away all but assured that the summit would fail to achieve Ukraine’s goal of persuading major countries from the “global South” to join in isolating Russia.

Brazil attended only as an “observer”. And in the end, India, Indonesia, Mexico, Saudi Arabia and South Africa all withheld their signatures from the summit communique, even though some contentious issues were omitted in the hope of drawing wider support.

Still, the conference provided Kyiv with a chance to showcase the support from Western allies that it says it needs to keep fighting against a far bigger enemy.

“We are responding to Russia’s full-scale invasion of Ukraine not only with a full-scale defense of human life, but also with full-scale diplomacy,” Zelenskiy said.

Leaders including U.S. Vice President Kamala Harris, German Chancellor Olaf Scholz and French President Emmanuel Macron gathered at the mountaintop resort of Buergenstock. U.S. President Joe Biden, in Europe for other events last week, did not attend despite public invitations from Zelenskiy.

The frontlines in Ukraine have barely moved since the end of 2022, despite tens of thousands of dead on both sides in relentless trench warfare, the bloodiest fighting in Europe since World War Two.

In her closing remarks, Swiss President Viola Amherd warned that the “road ahead is long and challenging”.

Russia, as it has for weeks, mocked the gathering.

“None of the participants in the ‘peace forum’ knows what he is doing there and what his role is,” said Dmitry Medvedev, Russia’s former president and now deputy chairman of the country’s Security Council.

‘THINGS CAN’T GO ON LIKE THIS’

After initial Ukrainian successes that saw Kyiv repel an assault on the capital and recapture territory in the war’s first year, a major Ukrainian counter-offensive using donated Western tanks fizzled last year. Russian forces still hold a fifth of Ukraine and are again advancing, albeit slowly. No peace talks have been held for more than two years.

“We know that peace in Ukraine will not be achieved in one step, it will be a journey,” European Commission Chief Ursula von der Leyen said, calling for “patience and determination”.

“It was not a peace negotiation because (Russia’s President Vladimir) Putin is not serious about ending the war, he’s insisting on capitulation, he’s insisting on ceding Ukrainian territory – even territory that today is not occupied.”

In the absence of a clear path to ending the war, Zelenskiy emphasised practical issues, such as nuclear safety and securing food supplies from Ukraine, one of the world’s biggest grain exporters.

The summit’s final declaration called for Ukraine’s control over the Zaporizhzhia nuclear plant and its Azov Sea ports to be restored. But in line with the conference’s more modest stated aims, it omitted tougher issues of what a post-war settlement for Ukraine might look like, whether Ukraine could join the NATO alliance or how troop withdrawals from both sides might work.

“The more allies that can be found to say ‘Things can’t go on like this’, ‘This is too much’, ‘That’s overstepping the mark’, that also increases the moral pressure on the Russian Federation,” said Austrian Chancellor Karl Nehammer.

As Sunday’s talks turned towards issues of food security and nuclear power, some leaders left early.

No country came forward to host another such meeting, with notable silence from Saudi Arabia, mooted as a possible future venue. Foreign Minister Prince Faisal bin Farhan Al Saud said the kingdom was ready to assist the peace process but a viable settlement would hinge on “difficult compromise.”

Since initial peace talks in the first months after the Feb. 2022 invasion, Ukraine has consistently demanded Russia withdraw from all its land, while Moscow has demanded recognition of its rule over territory its forces captured.

Last week, in remarks clearly aimed at the conference, Putin said Russia would not halt the war until Kyiv withdraws its forces fully from four provinces that Moscow only partially controls and claims to have annexed. Kyiv swiftly denounced that as a demand for surrender.

“Of course we…understand perfectly that a time will come when it will be necessary to talk to Russia,” Ukrainian Foreign Minister Dmytro Kuleba said. “But our position is very clear: We will not allow Russia to speak in the language of ultimatums like it is speaking now.”

© Reuters. Stansstad, Switzerland, June 16, 2024. Urs Flueeler/Pool via REUTERS

Western leaders at the summit endorsed Kyiv’s refusal to negotiate under such terms.

“Confusing peace with subjugation would set a dangerous precedent for everyone,” said Italian Prime Minister Giorgia Meloni.

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Insight Partners closes in on new $10 billion fund, FT reports

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(Reuters) -Private equity firm Insight Partners is on the brink of closing a new $10 billion-plus fund, roughly half the amount originally targeted, the Financial Times reported on Sunday, citing five people with knowledge of its plans.

Insight will not formally close its 13th fund until early next year, the report said, adding that the final figure may be closer to $12 billion.

Insight Partners declined to comment on the report.

The report said Insight is using a private equity-style structure to sell more than $1 billion worth of stakes in start-ups and to free up cash to return to investors.

One of the start-ups is Israeli cybersecurity firm Wiz, which had called off a $23 billion deal with Google parent Alphabet (NASDAQ:) in July, the report said.

New York-based Insight raised $20 billion for its 12th flagship fund in 2022, aiming to ramp up investments in software and technology companies.

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Houthi missile reaches central Israel for first time, no injuries reported

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JERUSALEM (Reuters) -Prime Minister Benjamin Netanyahu said Israel would inflict a “heavy price” on the Iran-aligned Houthis who control northern Yemen, after they reached central Israel with a missile on Sunday for the first time.

Houthi military spokesman Yahya Sarea said the group struck with a new hypersonic ballistic missile that travelled 2,040 km (1270 miles) in just 11 1/2 minutes.

After initially saying the missile had fallen in an open area, Israel’s military later said it had probably fragmented in the air, and that pieces of interceptors had landed in fields and near a railway station. Nobody was reported hurt.

Air raid sirens had sounded in Tel Aviv and across central Israel moments before the impact at around 6:35 a.m. local time (0335 GMT), sending residents running for shelter. Loud booms were heard.

Reuters saw smoke billowing in an open field in central Israel.

At a weekly cabinet meeting, Netanyahu said the Houthis should have known that Israel would exact a “heavy price” for attacks on Israel.

“Whoever needs a reminder of that is invited to visit the Hodeida port,” Netanyahu said, referring to an Israeli retaliatory air strike against Yemen in July for a Houthi drone that hit Tel Aviv.

The Houthis have fired missiles and drones at Israel repeatedly in what they say is solidarity with the Palestinians, since the Gaza war began with a Hamas attack on Israel in October.

The drone that hit Tel Aviv for the first time in July killed a man and wounded four people. Israeli air strikes in response on Houthi military targets near the port of Hodeidah killed six and wounded 80.

Previously, Houthi missiles have not penetrated deep into Israeli air space, with the only one reported to have hit Israeli territory falling in an open area near the Red Sea port of Eilat in March.

Israel should expect more strikes in the future “as we approach the first anniversary of the Oct. 7 operation, including responding to its aggression on the city of Hodeidah,” Sarea said.

The deputy head of the Houthi’s media office, Nasruddin Amer, said in a post on X on Sunday that the missile had reached Israel after “20 missiles failed to intercept” it, describing it as the “beginning”.

© Reuters. Smoke billows after a missile attack from Yemen in central Israel, September 15, 2024. REUTERS/Ronen Zvulun

The Israeli military also said that 40 projectiles were fired towards Israel from Lebanon on Sunday and were either intercepted or landed in open areas.

“No injuries were reported,” the military said.

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Eight die in Channel crossing attempt, French authorities say

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PARIS (Reuters) – Eight people have died trying to cross the Channel from France to England, French authorities said on Sunday, confirming earlier media reports.

This latest incident follows the deaths of 12 people earlier this month when their boat capsized in the Channel on its way to Britain and highlights the pressure on the British and French governments to find ways to tackle the boat crossings.

Jacques Billant, the Prefect of the Pas-de-Calais region, said that rescue crews were alerted that a boat with 59 people onboard was in difficulty in waters off the coast of Ambleteuse in the Pas-de-Calais area.

“A new drama took place around one in the morning and we deplore the death of eight people,” he told a news conference, adding that the other 51 onboard were now in the care of rescue and medical crews.

The dead were men from Eritrea, Sudan, Syria, Egypt, Iran and Afghanistan, he added.

The Channel is one of the world’s busiest shipping lanes and currents are strong, which makes crossing on small boats dangerous.

© Reuters. Members of the Gendarmerie patrol at the beach in Ambleteuse, where several people reportedly died trying to cross the Channel from France to England, in Ambleteuse, France, September 15, 2024. REUTERS/Gonzalo Fuentes

The latest incident brings to 46 the number of people who have died trying to cross the Channel from France since the start of the year, Billant said.

On September 14 alone there were eight attempts to cross the Channel from France and some 200 migrants were rescued, he said.

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