Saturday, June 22, 2024

The U.K. Has to Rethink Its Embrace of Saudi Wealth



But though the tempo of change in human rights in Saudi Arabia could also be glacial, worldwide diplomacy is transferring quick. 

Vladimir Putin’s struggle on Ukraine and Western sanctions on Russia have despatched oil and gasoline costs hovering. The U.Ok.’s prime minister hopes to persuade the Saudi strongman to enhance oil manufacturing ranges that have been diminished in settlement with OPEC and Russia in the course of the pandemic. No assure was given, however hotter relations will possible observe. 

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While sanctions have compelled Russian oligarchs to abandon their London boltholes, Arab oil wealth has been welcomed within the U.Ok. with open arms. British politicians want to consider carefully in regards to the implications — in a approach they didn’t when the Russians arrived with their billions.

After the collapse of communism, Russian cash poured into the U.Ok. In the City of London’s position as “Butler to the World,” (the title of a brand new investigative e-book by Oliver Bullough), its accountants, legal professionals and real-estate brokers serviced the oligarchs and facilitated their acquisition of trophy property. Roman Abramovich’s buy of Chelsea Football Club was essentially the most celebrated of the lot. 

Few requested laborious questions in regards to the origins of the oligarchs’ wealth, and people who did have been silenced by the U.Ok.’s archaic and costly libel legal guidelines, which place the burden of proof on the defendant. As the main civil rights lawyer Geoffrey Robertson places it, “Britain is not a land of free speech. It is a land of expensive speech.” Rich Russians took full benefit to cowl their tracks.

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More controversial was the acquisition of the London Evening Standard newspaper in 2009 by the Russian businessman Alexander Lebedev, a former KGB agent who had operated undercover on the London embassy. The paper was thought of a distressed asset, and Tony Blair’s authorities had initiated a “golden era” of relations with each Russia and China. Security issues have been waived regardless of Russia’s latest struggle with Georgia. In 2010, The Independent, one other ailing newspaper, was additionally bought to an organization owned by Lebedev. Those offers got here again to hang-out the U.Ok. institution years later.

Despite pleasant relations with the Lebedevs (Johnson established shut ties to Lebedev’s son, Evgeny, as mayor London), the prime minister’s opposition to Putin has all the time been strong. His authorities led the way in which in arming the Ukrainian military with anti-tank weapons earlier than Russia invaded, and Johnson himself repeatedly warned of an impending invasion when most European leaders have been burying their heads within the sand.

But if the U.Ok. has turn into uncomfortable about taking part in butler to Putin’s bankers, it has been rolling out the purple carpet for Saudi and Gulf cash with out qualms.

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Like the Russians, rich Arabs nowadays desire a piece of the world’s most prestigious soccer league. A Saudi consortium purchased Premier League crew Newcastle United final yr. Manchester City, the title-holder, is formally owned by Sheikh Mansour, a member of the Abu Dhabi royal household and deputy prime minister of the UAE. Sheikh Mansour’s brother, Crown Prince Mohammed, is the ability within the land. Amnesty International, the human proper group, has accused Manchester City’s homeowners of making an attempt to “sportswash” their nation’s “deeply tarnished image” by pouring cash into the membership. At my previous newspaper The Sunday Times, we revealed that Qatar had bribed soccer officers for the precise to host this yr’s World Cup. Qatar denied the allegations. 

An public sale is now underway for Chelsea. American curiosity is excessive — Woody Johnson, President Donald Trump’s former ambassador to the U.Ok. and co-owner of the New York Jets, is within the operating — however the Saudi Media Group has additionally held discussions with the membership’s advisers.

Arab traders even have British media property of their sights. A couple of years in the past, the Lebedevs bought a 30% stake within the Independent to an offshore Cayman Islands firm managed by a Saudi state financial institution. An investigation by the U.Ok. media regulator Ofcom decided that whereas the brand new shareholders had shut ties to the Saudi state, there was no proof of them influencing editorial content material. Like Johnson, Evgeny Lebedev has cordial relations with MBS. Saudi and different Middle East consumers have been very lively in London’s high-end property market, too. 

The Brits and the Saudis normally perceive one another effectively. British governments lobbied for the sale of Tornado fighter plane to Saudi Arabia, and there are shut protection ties to the Gulf States.

There can also be a realpolitik case for London to mend the West’s fences with the Arab monarchies — Democrat-controlled Washington is briefly out within the chilly. During the Arab Spring, President Obama dismayed the area’s governments by washing his fingers of longstanding ally President Hosni Mubarak of Egypt. President Biden’s revival of the nuclear take care of revolutionary Shia Iran has alarmed conservative Sunnis too. And the discharge of Nazanin Zaghari-Ratcliffe this week can have reminded them that Johnson’s authorities has been in intensive negotiations with Iran too.  

Fair-weather associates are usually not revered within the Middle East, however Johnson should additionally do not forget that some friendships include a price ticket.

This column doesn’t essentially replicate the opinion of the editorial board or Bloomberg LP and its homeowners.

Martin Ivens was editor of the Sunday Times from 2013 to 2020 and was previously its chief political commentator. He is a director of the Times Newspapers board.



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