• Russia announced plans to leave the International Space Station after 2024 and build an independent one. Reuters
    Russia announced plans to leave the International Space Station after 2024 and build an independent one. Reuters
  • A Russian Soyuz 2.1a rocket booster at the Baikonur Cosmodrome spaceport, in an area of southern Kazakhstan leased to Russia. Reuters
    A Russian Soyuz 2.1a rocket booster at the Baikonur Cosmodrome spaceport, in an area of southern Kazakhstan leased to Russia. Reuters
  • A Soyuz-2.1a is readied for launch. Nasa has announced that it will resume flights to the International Space Station with Russia.
    A Soyuz-2.1a is readied for launch. Nasa has announced that it will resume flights to the International Space Station with Russia.
  • This is taking place despite Washington's attempts to isolate Russia over its invasion of Ukraine. AFP
    This is taking place despite Washington's attempts to isolate Russia over its invasion of Ukraine. AFP
  • Nasa's announcement came hours Dmitry Rogozin was dismissed as head of Russia's Roscosmos space agency. AFP
    Nasa's announcement came hours Dmitry Rogozin was dismissed as head of Russia's Roscosmos space agency. AFP
  • A vocal backer of Russia's invasion, Mr Rogozin, had said US astronauts should get to the ISS 'on trampolines' rather than Russian rockets. AFP
    A vocal backer of Russia's invasion, Mr Rogozin, had said US astronauts should get to the ISS 'on trampolines' rather than Russian rockets. AFP
  • Earlier this month, Russia's former Deputy Prime Minister Yuri Borisov was appointed as the new director-general of Roscosmos. AP
    Earlier this month, Russia's former Deputy Prime Minister Yuri Borisov was appointed as the new director-general of Roscosmos. AP
  • A Russian rocket to the ISS launched since the invasion bore the inscription Donbas and its nose cone and had the flags of breakaway enclaves painted on it. AP
    A Russian rocket to the ISS launched since the invasion bore the inscription Donbas and its nose cone and had the flags of breakaway enclaves painted on it. AP
  • The Soyuz rocket blasts off from the Baikonur Cosmodrome. The last Nasa astronaut to take a Soyuz to the ISS was Mark Vande Hei in 2021. AP
    The Soyuz rocket blasts off from the Baikonur Cosmodrome. The last Nasa astronaut to take a Soyuz to the ISS was Mark Vande Hei in 2021. AP
  • Nasa said the ISS was always designed to be operated jointly. Reuters
    Nasa said the ISS was always designed to be operated jointly. Reuters
  • The space agencies of the US, Russia, Europe, Japan and Canada participate. Reuters
    The space agencies of the US, Russia, Europe, Japan and Canada participate. Reuters
  • US astronaut Mark Vande Hei has a spectacular view of Earth from inside the ISS. AP
    US astronaut Mark Vande Hei has a spectacular view of Earth from inside the ISS. AP
  • Nasa astronaut Mark Vande Hei of Nasa, left, returns from the ISS with cosmonauts Anton Shkaplerov, centre, and Pyotr Dubrov. EPA
    Nasa astronaut Mark Vande Hei of Nasa, left, returns from the ISS with cosmonauts Anton Shkaplerov, centre, and Pyotr Dubrov. EPA
  • Their Russian Soyuz MS-19 space capsule lands south-east of the town of Zhezkazgan in Kazakhstan. AP
    Their Russian Soyuz MS-19 space capsule lands south-east of the town of Zhezkazgan in Kazakhstan. AP
  • A Soyuz MS-21 spacecraft carrying Russian cosmonauts Oleg Artemyev, Denis Matveev and Sergey Korsakov approaches to dock with the ISS. Reuters
    A Soyuz MS-21 spacecraft carrying Russian cosmonauts Oleg Artemyev, Denis Matveev and Sergey Korsakov approaches to dock with the ISS. Reuters
  • A spectacular night-time Soyuz launch. AFP
    A spectacular night-time Soyuz launch. AFP

Russia to quit the International Space Station after 2024


Sarwat Nasir
  • English
  • Arabic

Russia has decided to quit the International Space Station after 2024 and build one of its own, the chief of the Russian space agency has said.

The announcement was made on Tuesday at a meeting between Russian President Vladimir Putin and the space agency’s new director-general Yury Borisov, according to Russia’s state-owned news agency Tass.

Operational since 2000, the space station was built by multiple partners, including Russia, Nasa, European Space Agency, Japan’s space agency Jaxa and the Canadian space agency.

The floating science laboratory was always immune to political struggles on the ground, but relations between Roscosmos and the West have soured since Russia’s invasion of Ukraine earlier this year.

Mr Borisov said that they will “fulfil all of their obligations to their partners” and will now focus on building the Russian Orbital Station, or ROSS.

“Of course, we will fulfill all our obligations to our partners, but the decision and leaving this station after 2024 have been made,” he said.

Earlier this month, Russia and Nasa announced that highly-anticipated seat-exchange between the two agencies would go ahead, allowing Russian cosmonauts to fly on SpaceX rockets and American astronauts on the Soyuz.

The Russian segment on the station is a vital part of the structure that helps provide thrust, particularly the Russian cargo ship Progress MS-19, which performs reboosting manoeuvres to keep the ISS in place.

However, the US-owned Cygnus spacecraft on the station does have reboost capabilities and it did manage to successfuly reboost the ISS last month.

Mr Borisov said the space agency will also focus on priortising space services that aid the national economy.

These include navigation, communications, data transmission and meteorological information.

"The industry is in a difficult situation, and I see my main task, together with my colleagues, is not to drop, but to raise the bar and, first of all, provide the Russian economy with the necessary space services," he said.

UAE currency: the story behind the money in your pockets
While you're here
2018 ICC World Twenty20 Asian Western Sub Regional Qualifier

Event info: The tournament in Kuwait is the first phase of the qualifying process for sides from Asia for the 2020 World T20 in Australia. The UAE must finish within the top three teams out of the six at the competition to advance to the Asia regional finals. Success at regional finals would mean progression to the World T20 Qualifier.

Teams: UAE, Bahrain, Saudi Arabia, Kuwait, Maldives, Qatar

Friday fixtures: 9.30am (UAE time) - Kuwait v Maldives, Qatar v UAE; 3pm - Saudi Arabia v Bahrain

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

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The years Ramadan fell in May

1987

1954

1921

1888

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Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania ​​​​​​​
Verdict: 4 Stars

Updated: July 26, 2022, 12:09 PM