Syria’s ruler Ahmad Al Shara has demanded at a meeting in Damascus that Russia hand over former president Bashar Al Assad and an estimated $2 billion in liquid assets held by the exiled dictator's family in Russian banks, sources told The National.
The meeting with a Russian delegation led by Deputy Foreign Minister Mikhail Bogdanov also focused on other thorny issues but reached no agreement beyond maintaining contact, the sources said.
“Handing over Assad and all senior officers who escaped to Russia was the top of the list," said a member of the new political staff at Syria's former presidential palace in the capital, where the meeting took place. It was the first high-level, face-to-face contact since the fall of the Assad regime and Mr Al Assad fled to Moscow on December 8.
The nature of relations with Moscow could affect the power consolidation set under way by Mr Al Shara's Hayat Tahrir Al Sham (HTS). The rebel group led the overthrow of the Assad regime and is striving to build international ties to legitimise its rule. It also wants financial flows for recovery from Syria's civil war.
Mr Al Shara demanded repatriation of an estimated $2 billion in liquid assets held by the Al Assad family in Russian banks, the source said. Mr Bogdanov did not reply but “reserved the right to respond” to the two demands.
Russia's intervention in the Syrian civil war saved Mr Al Assad from defeat in 2015. However, by the time HTS-led troops swept through northern Syria towards Damascus last month, a similar rescue had become impossible, or too costly. Now Russia's two military bases on the Syrian coast, its main warm-water outposts, are in a country where President Vladimir Putin's government no longer holds sway.
Another Syrian source briefed on the meeting said Mr Al Shara had made it clear that Russia “bears the main responsibility for the tragedies that have befallen the Syrian people” since a 2011 pro-democracy revolt.
Surrendering Mr Al Assad “would go a long way towards building up ties” with the new order in Damascus, the Russian delegation was told, the source said.
HTS troops have launched a military campaign to subdue members of the former regime. In the east, Turkish-backed militias allied with HTS mounted an offensive against a Kurdish-led militia that controls Syria's north-east soon after Mr Al Assad fled to Moscow.
Mr Bogdanov “did not admit any of Russia's past mistakes”, but Mr Al Shara made it clear there will not be any immediate moves against Russian military interests, the sources said.
Russian news agency Tass reported that the two sides had agreed to continue discussions on how to maintain the Russian bases. “We expressed hope that this policy will continue and that our interests in Syria will not be affected,” it quoted Mr Bogdanov as saying.
Video: Syrians despair at the loss of their ancient heritage
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
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
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- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
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Engine: 2.0L, turbocharged in-line four-cylinder / 3.0L, turbocharged V6
Gearbox: Seven-speed automatic / Eight-speed automatic
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Torque: 370Nm @ 1,600rpm / 500Nm @ 1,370rpm
Fuel economy: combined 7.2L / 100km / 8.3L / 100km
MATCH INFO
Manchester United 1 (Fernandes pen 2') Tottenham Hotspur 6 (Ndombele 4', Son 7' & 37' Kane (30' & pen 79, Aurier 51')
Man of the match Son Heung-min (Tottenham)
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MATCH DETAILS
Barcelona 0
Slavia Prague 0
Match info
Bournemouth 0
Liverpool 4 (Salah 25', 48', 76', Cook 68' OG)
Man of the match: Andrew Robertson (Liverpool)
Company%20Profile
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More on Quran memorisation:
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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