Russia is increasing its naval operations in the Pacific region, with plans to base additional nuclear submarines in the area by 2024, according to the state-linked Tass agency.
Tass did not say where the bases would be, but Russia has a naval base at Vladivostok, which has been in operation for more than 100 years. It also has an existing Pacific Fleet base that can host nuclear submarines on the Kamchatka Peninsula.
Russia already has nuclear submarines that can stay submerged for months, including new Borey class vessels, at least three of which are scheduled for deployment in the Pacific region.
The Borey class can carry 16 submarine-launched Bulava ballistic missiles. Each Bulava can carry six 140 megatonne nuclear warheads. By comparison, the bomb that killed about 80,000 people when it was dropped on the Japanese city of Nagasaki in the Second World War was 18 kilotonnes.
The bases could also house submarines capable of launching a nuclear-capable drone torpedo.
The Poseideon torpedo is about 24 metres long, according to the US Naval Institute, and has been described as a nuclear-armed drone that also relies on nuclear-powered propulsion, enabling it to reach targets thousands of kilometres away from its launching point.
Little is known about the Poseidon's warhead, but experts say it could have a yield of two megatonnes, which would give the weapon around 100 times the destructive power of the bomb dropped on Nagasaki.
The torpedoes are being developed for deployment on the Belgorod and Khabarovsk nuclear submarines, Tass reported.
Russia said it was working on building 30 of the devices.
“Work on the construction of coastal infrastructure facilities for basing two special submarines in Kamchatka is planned to be completed early next year,” Tass cited a defence source as saying.
The Pacific Ocean and the Sea of Okhotsk make up the Kamchatka Peninsula's eastern and western coastlines.
The source told Tass that a new division was being formed as part of the Submarine Forces of the Pacific Fleet, which will include not only Belgorod and Khabarovsk but also other submarines.
The new special-purpose submarines will participate in solving the tasks “of strategic deterrence”, the source said.
Russia's major upgrade of the nuclear base comes amid rising US-China tensions over influence in the Western Pacific.
Mr Putin said on Sunday that Moscow was not creating a military alliance with Beijing, but both he and Chinese leader Xi Jinping pledged closer ties, including in the military sphere, during their meeting last week.
With reporting from agencies
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Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
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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