Ukraine's President Volodymyr Zelenskyy arrives to take part in a EU summit in Brussels on Thursday. AFP
Ukraine's President Volodymyr Zelenskyy arrives to take part in a EU summit in Brussels on Thursday. AFP
Ukraine's President Volodymyr Zelenskyy arrives to take part in a EU summit in Brussels on Thursday. AFP
Ukraine's President Volodymyr Zelenskyy arrives to take part in a EU summit in Brussels on Thursday. AFP

Ukraine's Zelenskyy defends 'victory plan' at Brussels summit


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Ukraine's President Volodymyr Zelenskyy on Thursday said the majority of EU leaders supported his "victory plan", while also warning that North Korea's intention to send 10,000 soldiers to Russia to help fight Ukraine was the "first step to a world war".

Mr Zelenskyy, who presented his proposal to EU leaders ahead of a meeting with Nato defence ministers in Brussels, said he needed EU backing to move forward with his plan and encourage world leaders to support it.

He is calling for Ukraine to join Nato, the strengthening of Ukraine's defence and deterrence, and for the joint protection of the country's critical resources. The Ukrainian leader has travelled to Washington, Paris, Berlin, Rome and London to promote his initiative but it has yet to earn backing from western capitals and his plea for an immediate invitation to join Nato is widely viewed as unrealistic.

More than two and a half years into the war, Kyiv is slowly but steadily losing territory in the eastern Donbas region and under mounting pressure to forge an exit strategy, which it says must start with more western support.

Mr Zelenskyy said the majority of EU leaders who took the floor during their meeting expressed "full support". "It is very important to know that we’ll get investments, that our resources will be secure, that they won’t be in the hands of Russia or allies, and if we don’t get that support it’ll be extremely difficult for us," he said. "If we get a sign that we'll be in Nato, we'll feel that we're not alone."

From left, Ukraine's President Volodymyr Zelenskyy, European Council President Charles Michel and Hungary's Prime Minister Viktor Orban on the front row of a ‘family’ picture ahead of an EU summit in Brussels on Thursday. AFP
From left, Ukraine's President Volodymyr Zelenskyy, European Council President Charles Michel and Hungary's Prime Minister Viktor Orban on the front row of a ‘family’ picture ahead of an EU summit in Brussels on Thursday. AFP

Ukraine urgently needs support to repair its energy grid, of which 70 per cent has been destroyed, the EU's foreign affairs chief Josep Borrell said. "We have to stop the cycle of they destroy, we repair," he said. "A victory plan is important – how to make the link between the victory plan and the peace plan," he added. "To win the war and to win the peace – both things have to go together."

A number of European leaders urged other members to support Mr Zelenskyy's plan. "It would be a great mistake to think that our hesitation is the best way to de-escalation," said Lithuanian President Gitanas Nauseda as he arrived at the summit. "If Ukraine were to be more successful on the ground, then I think [Russian President Vladimir] Putin would be pressed to go to the negotiations table. Right now, he thinks he's prevailing."

European Council President Charles Michel said it was "very important" the Ukrainian leader was clear about his needs. "What is needed is more military equipment, more technologies so that Ukraine is in the position to defend itself against this terrible and blatant violation of international law," said Mr Michel. But not all were convinced.

Hungary's Moscow-friendly Prime Minister Viktor Orban posted on Facebook that Mr Zelenskyy's road map was "beyond terrifying", urging France and Germany "on behalf of the entire European Union, to start negotiations with the Russians as soon as possible".

North Korean soldiers

Separately, Mr Zelenskyy said Russia was preparing to deploy 10,000 North Korean soldiers in the fight against Kyiv, citing intelligence sources.

Mr Zelenskyy has previously accused North Korea of sending troops to fight alongside Russia's army but this was the first time he gave an exact figure.

An unspecified number of North Korean soldiers were already on "occupied Ukrainian territory from the side of Russian enemies", Mr Zelenskyy said.

Speaking to The National, western officials said between 2,000 and 12,000 North Korean soldiers were now deployed to Russia. They are mainly to be used either in defending territory or as engineers for defensive works, they said.

However, Russia has not fired any Iranian short-range Fateh 360 missiles. “I do think that the [Iran] relationship is coming at a bit of cost to Russia in terms of its partnerships elsewhere in the Middle East," one western diplomat said.

“One of the things that is pretty evident from what's going on in the Middle East is the extent to which Russia's relationship with Iran over Ukraine is causing some additional grit or struggle in some of these Arab countries," they added.

Ukraine is gradually losing its Russian territory in Kursk, with the salient now reduced from 900 sq km in August to about 500 sq km. Moscow is using its well-trained VDV airborne troops for the offensive.

Elsewhere, Russia is grinding ahead, taking heavy losses – 1,271 casualties a day, but still advancing. It could look to encircle rather than take the strategically important city of Pokrovsk due to the high casualty rate in urban fighting.

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

How The Debt Panel's advice helped readers in 2019

December 11: 'My husband died, so what happens to the Dh240,000 he owes in the UAE?'

JL, a housewife from India, wrote to us about her husband, who died earlier this month. He left behind an outstanding loan of Dh240,000 and she was hoping to pay it off with an insurance policy he had taken out. She also wanted to recover some of her husband’s end-of-service liabilities to help support her and her son.

“I have no words to thank you for helping me out,” she wrote to The Debt Panel after receiving the panellists' comments. “The advice has given me an idea of the present status of the loan and how to take it up further. I will draft a letter and send it to the email ID on the bank’s website along with the death certificate. I hope and pray to find a way out of this.”

November 26:  ‘I owe Dh100,000 because my employer has not paid me for a year’

SL, a financial services employee from India, left the UAE in June after quitting his job because his employer had not paid him since November 2018. He owes Dh103,800 on four debts and was told by the panellists he may be able to use the insolvency law to solve his issue. 

SL thanked the panellists for their efforts. "Indeed, I have some clarity on the consequence of the case and the next steps to take regarding my situation," he says. "Hopefully, I will be able to provide a positive testimony soon."

October 15: 'I lost my job and left the UAE owing Dh71,000. Can I return?'

MS, an energy sector employee from South Africa, left the UAE in August after losing his Dh12,000 job. He was struggling to meet the repayments while securing a new position in the UAE and feared he would be detained if he returned. He has now secured a new job and will return to the Emirates this month.

“The insolvency law is indeed a relief to hear,” he says. "I will not apply for insolvency at this stage. I have been able to pay something towards my loan and credit card. As it stands, I only have a one-month deficit, which I will be able to recover by the end of December." 

The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

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England squad

Moeen Ali, James Anderson, Jofra Archer, Jonny Bairstow, Dominic Bess, James Bracey, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Ben Foakes, Lewis Gregory, Keaton Jennings, Dan Lawrence, Jack Leach, Saqib Mahmood, Craig Overton, Jamie Overton, Matthew Parkinson, Ollie Pope, Ollie Robinson, Joe Root, Dom Sibley, Ben Stokes, Olly Stone, Amar Virdi, Chris Woakes, Mark Wood

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LIVING IN...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Updated: October 18, 2024, 12:35 PM