Russian President Vladimir Putin and North Korea's Kim Jong-un have signed a deal that includes a mutual defence pledge, marking one of Russia's most significant moves in Asia for years.
The pledge, agreed on Wednesday, overhauls the previous post-Soviet policy on North Korea at a time when the United States and its Asian allies try to gauge how far Russia would go to support the only country to have tested a nuclear weapon this century.
Mr Putin compared Russia's deepening of ties with North Korea to the West's growing support for Ukraine and said Moscow could develop military and technical co-operation with Pyongyang.
Following talks during Mr Putin's first visit to Pyongyang in 24 years, they signed a "comprehensive strategic partnership" pact, which Mr Putin said included a mutual defence clause in the case of aggression against either country.
"The comprehensive partnership agreement signed today provides, among other things, for mutual assistance in the event of aggression against one of the parties to this agreement," Mr Putin said.
He said western deliveries of advanced, long-range weaponry, including F-16 fighters to Ukraine for strikes against Russia, breached major agreements.
"In connection with this, Russia does not exclude for itself the development of military-technical co-operation with the Democratic People's Republic of Korea," Mr Putin said.
Mr Kim praised Russia for making what he cast as an enormously significant strategic move to support North Korea, which was founded in 1948 with the Soviet Union's backing.
Depending on the exact wording of the pact, which was not released, it could be a dramatic shift in the strategic balance in north-east Asia by placing Russia's heft behind North Korea - which faces South Korea, backed by the United States, across the heavily fortified demilitarised zone (DMZ).
While North Korea has a defence treaty with China, it does not have active military collaboration with Beijing like it has developed with Russia over the past year. North Korea also signed a 1961 treaty with the Soviet Union that included promises of mutual support in the event of an attack.
China, the north's main political and economic benefactor, had no immediate response.
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Mr Putin's courting of Mr Kim, which has included gifts of limousines and a tour of Russia's new space launch centre, has alarmed the United States and its Asian allies.
"Deepening co-operation between Russia and the DPRK is a trend that should be of great concern to anyone interested in maintaining peace and stability on the Korean Peninsula, upholding the global non-proliferation regime, abiding by UN Security Council resolutions, and supporting the people of Ukraine," a spokesperson for the US State Department said.
Mr Putin accused the United States, South Korea and Japan of raising tensions on the Korean peninsula and said North Korea had a right to strengthen its own defences.
Mr Kim said the pact would expand co-operation in politics, economy and defence, calling it "strictly peace-loving and defensive" in nature.
"Our two countries' relations have been elevated to the new higher level of an alliance," Mr Kim said.
At the start of their summit, Mr Kim expressed "unconditional support" for "all of Russia's policies", including "a full support and firm alliance" for Mr Putin's war with Ukraine.
Mr Putin said Moscow was fighting the hegemonic, imperialist policy of the United States and its allies, Russian media reported.
"We highly appreciate your consistent and unwavering support for Russian policy, including in the Ukrainian direction," Mr Putin said.
North Korea "expresses full support and solidarity to the Russian government, army and people in carrying out a special military operation in Ukraine to protect sovereignty, security interests, as well as territorial integrity", Mr Kim told Mr Putin.
On his arrival in North Korea, Mr Putin was greeted by cheering crowds lining the streets of Pyongyang, along with children waving Russian flags and a military salute. Mr Kim, 40, greeted Mr Putin at the airport.
After talks, Mr Putin drove Mr Kim around in a luxury Russian limousine. They then switched places and Mr Kim drove Mr Putin. Later, they watched a concert together.
An honour guard, including mounted soldiers, and a large crowd of civilians gathered at the Kim Il Sung Square by the Taedong River running through the capital.
The scene included children holding balloons and giant portraits of the two leaders with national flags adorning the square's main building.
Russia has used its warming ties with North Korea to needle Washington, while heavily sanctioned North Korea has won political backing and promises of economic support and trade from Moscow.
The United States and its allies say they fear Russia could provide aid for North Korea's missile and nuclear programmes, which are banned by UN Security Council resolutions, and have accused Pyongyang of providing ballistic missiles and artillery shells that Russia has used in its war in Ukraine.
Moscow and Pyongyang have denied weapon transfers.
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RESULT
Fifth ODI, at Headingley
England 351/9
Pakistan 297
England win by 54 runs (win series 4-0)
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126: The length in metres of the legs supporting the structure
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5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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Format 10 overs per side, matches last for 90 minutes
Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer