Ukraine fears Chinese President Xi Jinping's visit to the Kremlin on Monday could influence the outcome of the war if China decides to supply its ally with arms.
Mr Xi will be the first world leader to meet Russian President Vladimir Putin since an International Criminal Court arrest warrant was issued for the Russian leader on Friday over the deportation of Ukrainian children to Russia. Moscow rejects the charge.
Mr Xi is expected to present China as a global peacemaker intent on brokering an end to the war in Ukraine.
“Ukraine's expectations are at a minimum level: for things not to deteriorate,” Sergiy Solodkyy, first deputy director of New Europe Centre think tank in Kyiv, told AFP.
Ukrainian authorities do not wish to comment publicly on the trip, planned from Monday to Wednesday during which Mr Putin and Mr Xi are to meet at least twice.
“Ukraine will follow this visit closely,” a senior Ukrainian official told AFP.
“For us it is critically important that China maintains its policy of unwavering respect for the territorial integrity of other countries,” the official said, in reference to how Russia has claimed the annexation of five Ukrainian regions.
At the same time, the US in February accused Beijing of considering supplying arms to Russia.
China released a 12-point proposal to solve the Ukraine crisis last month.
At the start of his visit to Moscow, Mr Xi said Beijing's proposal reflects global views and seeks to neutralise consequences, but acknowledged that the solutions are not easy.
“The document serves as a constructive factor in neutralising the consequences of the crisis and promoting a political settlement,” Mr Xi wrote in an article in Rossiiskaya Gazeta, a daily newspaper published by the Russian government, according to Reuters' translation from Russian.
“Complex problems do not have simple solutions,” he said.
This week's meeting follows Friday's ICC announcement of charges that Mr Putin is personally responsible for the abduction of thousands of children from Ukraine. Governments that recognise the court's jurisdiction would be bound to arrest Mr Putin if he visits.
Mr Putin has yet to comment on the announcement, but the Kremlin rejected the move as “outrageous and unacceptable”.
Ahead of the meeting, China's Foreign Ministry said the ICC should “uphold an objective and impartial stance, respect the jurisdictional immunity enjoyed by the head of state in accordance” and “avoid politicisation and double standards".
“China will uphold its objective and fair position on the Ukrainian crisis and play a constructive role in promoting peace talks,” said ministry spokesman Wang Wenbin.
'Powerful partners'
The meeting gives Mr Putin and Mr Xi a chance to show they have “powerful partners” at a time of strained relations with Washington, said Joseph Torigian, an expert in Chinese-Russian relations at the American University in Washington DC.
“China can signal that it could even do more to help Russia and that if relations with the United States continue to deteriorate, they could do a lot more to enable Russia and help Russia in its war against Ukraine,” Mr Torigian told AP.
China has stepped up purchases of Russian oil and gas, helping to top up the Kremlin's revenue in the face of western sanctions. But it has avoided doing anything visible that crosses the red lines laid down by Washington and European governments in regard to financial sanctions and the provision of military aid.
In a show of defiance, Mr Putin visited Crimea and the occupied Ukrainian port city of Mariupol to mark the ninth anniversary of Russia's seizure of the peninsula from Ukraine. Russian news reports showed him chatting to Mariupol residents and visiting an art school and a children’s centre in Sevastopol in Crimea.
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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
The specs
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Power: 611bhp
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Transmission: seven-speed automatic
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The specs: 2018 Maserati Levante S
Price, base / as tested: Dh409,000 / Dh467,000
Engine: 3.0-litre V6
Transmission: Eight-speed automatic
Power: 430hp @ 5,750rpm
Torque: 580Nm @ 4,500rpm
Fuel economy, combined: 10.9L / 100km
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Quick facts on cancer
- Cancer is the second-leading cause of death worldwide, after cardiovascular diseases
- About one in five men and one in six women will develop cancer in their lifetime
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- 70 per cent of cancer deaths occur in low and middle-income countries
- This rate is expected to increase to 75 per cent by 2030
- At least one third of common cancers are preventable
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- Up to 3.7 million lives could be saved annually by implementing the right health
strategies
- The total annual economic cost of cancer is $1.16 trillion
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The Bloomberg Billionaire Index in full
1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
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The biog
Name: Capt Shadia Khasif
Position: Head of the Criminal Registration Department at Hatta police
Family: Five sons and three daughters
The first female investigator in Hatta.
Role Model: Father
She believes that there is a solution to every problem
Breast cancer in men: the facts
1) Breast cancer is men is rare but can develop rapidly. It usually occurs in those over the ages of 60, but can occasionally affect younger men.
2) Symptoms can include a lump, discharge, swollen glands or a rash.
3) People with a history of cancer in the family can be more susceptible.
4) Treatments include surgery and chemotherapy but early diagnosis is the key.
5) Anyone concerned is urged to contact their doctor
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