The US and its European allies are discussing potential responses if Russian President Vladimir Putin takes military action against Ukraine, including fresh sanctions on Moscow and further security assistance for Kiev.
Senior US officials have raised the idea of a package of measures in discussions with their European counterparts over the past week, telling them the Joe Biden administration is already working up a menu of options to counter possible moves by Russia, people familiar with the discussions said.
The planning is at an early stage even within the US and would require more discussions before seeking the support of other countries.
But it comes after US officials raised the alarm that Russia may be weighing a potential invasion of Ukraine as tension flares between Moscow and the EU over everything from migrants to energy supplies.
The Kremlin denies any such intention.
Mr Putin has parked large numbers of troops near the Ukraine border previously, including earlier this year when he sent more than 100,000 troops, as well as tanks, warplanes and warships, to Crimea and other areas.
He resisted for weeks as Kiev and western nations called on him to de-escalate before pulling troops back in late April.
The latest friction comes against a broader backdrop. Not only are troops massing again, but record-high gas prices have left Europe vulnerable to Russian largesse on supplies.
French President Emmanuel Macron defended Ukraine’s sovereignty in a phone call with Mr Putin on Monday in which they also addressed the migrant crisis.
But Mr Putin blasted the government in Kiev in the call for its recent use of a drone against Russian-backed separatists and denounced recent US and allied naval exercises in the Black Sea as “provocative”.
US President Joe Biden and European Commission chief Ursula von der Leyen discussed the Ukraine build-up when they met in Washington last week.
“We see an unusual concentration of troops and we know Russia has been willing to use these types of military capabilities before to conduct aggressive actions against Ukraine,” Nato Secretary General Jens Stoltenberg told reporters on Monday.
The Kremlin last week dismissed talk of a potential invasion as “unfounded”, saying troop movements on its own territory were a domestic matter.
People close to the Kremlin have said Mr Putin aims to send a clear message to the West that Moscow will not tolerate any further expansion of Nato military ties with Ukraine, but is not seeking a wider war.
The spring crisis on the border eased after Mr Biden called Mr Putin and offered to hold a summit, which took place in June. But Ukrainian officials say the Kremlin did not pull back all of the forces it massed at that time.
A similar package of possible countermeasures to the one now under discussion was developed by the US in the spring but not enacted, two people familiar with the issue said. The EU assigned its foreign affairs service to craft options this year to respond to any further Russian moves but those efforts stalled, one of those familiar with the matter added.
This time, the US is preparing to share with allies more of the information that has triggered its worries to build support for a joint response, two of the people familiar with the issue said.
After a meeting with their Ukrainian counterpart in Brussels on Monday, the foreign ministers of France and Germany said in a joint statement that “any new attempt to undermine Ukraine’s territorial integrity would have serious consequences".
Ukrainian Foreign Minister Dmytro Kuleba said: “We agreed that certain communication will be conducted with Russia to demotivate it from any aggressive moves.”
The US sent CIA Director Bill Burns to Moscow in early November to convey its concerns about the build-up. He spoke by phone with Mr Putin but there was no apparent sign of change in direction from the Kremlin.
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%203.0-litre%20six-cylinder%20turbo%20(BMW%20B58)%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20340hp%20at%206%2C500rpm%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20500Nm%20from%201%2C600-4%2C500rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20ZF%208-speed%20auto%3Cbr%3E%3Cstrong%3E0-100kph%3A%3C%2Fstrong%3E%204.2sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20267kph%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh462%2C189%3Cbr%3E%3Cstrong%3EWarranty%3A%3C%2Fstrong%3E%2030-month%2F48%2C000k%3C%2Fp%3E%0A
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EMaly%20Tech%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Mo%20Ibrahim%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%20International%20Financial%20Centre%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20%241.6%20million%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2015%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%2C%20planning%20first%20seed%20round%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GCC-based%20angel%20investors%3C%2Fp%3E%0A
The specs: 2018 BMW R nineT Scrambler
Price, base / as tested Dh57,000
Engine 1,170cc air/oil-cooled flat twin four-stroke engine
Transmission Six-speed gearbox
Power 110hp) @ 7,750rpm
Torque 116Nm @ 6,000rpm
Fuel economy, combined 5.3L / 100km
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The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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
Abu Dhabi Desert Challenge – Rally schedule:
Saturday: Super Special Spectator Stage – Yas Marina Circuit – start 3.30pm.
Sunday: Yas Marina Circuit Stage 1 (276.01km)
Monday: Nissan Stage 2 (287.92km)
Tuesday: Al Ain Water Stage 3 (281.38km)
Wednesday: ADNOC Stage 4 (244.49km)
Thursday: Abu Dhabi Aviation Stage 5 (218.57km) Finish: Yas Marina Circuit – 4.30pm.
The years Ramadan fell in May