Russia seized the Zaporizhzhia nuclear power plant soon after its invasion of Ukraine began. EPA
Russia seized the Zaporizhzhia nuclear power plant soon after its invasion of Ukraine began. EPA
Russia seized the Zaporizhzhia nuclear power plant soon after its invasion of Ukraine began. EPA
Russia seized the Zaporizhzhia nuclear power plant soon after its invasion of Ukraine began. EPA

Zelenskyy warns Russia may 'commit new evil' at Zaporizhzhia nuclear plant


  • English
  • Arabic

Ukrainian President Volodymyr Zelenskyy has accused Moscow of plotting an imminent attack on the Zaporizhzhia nuclear plant, saying the Kremlin may “commit new evil” in its fight to hold on to occupied territory in Ukraine.

Mr Zelenskyy said information from Ukraine's intelligence showed Russia had placed objects “resembling explosives” on the roofs of several units at the plant, the largest nuclear station in Europe.

“Perhaps to simulate an attack on the plant. Perhaps they have some other scenario,” he said of the objects during a nightly address on Tuesday.

“But in any case, the world sees – can't but see – that the only source of danger to the Zaporizhzhia nuclear power plant is Russia and no one else.”

Mr Zelenskyy warned last week of Russian threats to the plant, claiming Moscow was “technically ready” to provoke a blast at the station, which it seized shortly after its invasion of Ukraine last February.

Since then, each side has regularly accused the other of conducting shelling around the plant, raising the risk of a major nuclear disaster.

The president also referenced the Kakhovka dam collapse, which Kyiv blamed on Russia, saying the lack of response to the devastating floods may “incite the Kremlin to commit new evil.”

“It is the responsibility of everyone in the world to stop it, no one can stand aside, as radiation affects everyone.”

He has also spoken to French President Emmanuel Macron over threats to the plant, telling him Moscow was preparing a “dangerous provocation” at the site.

Meanwhile, Russia accused Kyiv of also planning to attack the plant using long-range weapons and drones.

Renat Karchaa, an adviser to the head of Rosenergoatom, which operates Russia's nuclear network, said Ukraine planned to drop ammunition laced with nuclear waste, transported from one of the country's five nuclear stations, on the plant.

“Under cover of darkness overnight on 5th July, the Ukrainian military will try to attack the Zaporizhzhia station using long-range precision equipment and kamikaze attack drones,” Russian news agencies quoted Mr Karchaa as telling Russian television.

The UN's nuclear watchdog, the International Atomic Energy Agency, has been trying for more than a year to clinch a deal to ensure the plant is demilitarised and reduce the risks of any nuclear accident.

The agency's director general, Rafael Grossi, has visited the plant three times since the Russian takeover but failed to reach any agreement to keep it safe from shelling.

COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)

Date started: August 2021

Founder: Nour Sabri

Based: Dubai, UAE

Sector: E-commerce / Marketplace

Size: Two employees

Funding stage: Seed investment

Initial investment: $200,000

Investors: Amr Manaa (director, PwC Middle East) 

Uefa Champions League last 16 draw

Juventus v Tottenham Hotspur

Basel v Manchester City

Sevilla v  Manchester United

Porto v Liverpool

Real Madrid v Paris Saint-Germain

Shakhtar Donetsk v Roma

Chelsea v Barcelona

Bayern Munich v Besiktas

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The%20Specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.6-litre%20twin%20turbocharged%20V6%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20automatic%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20472hp%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20603Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh290%2C000%20(%2478%2C9500)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20now%3C%2Fp%3E%0A
Results:

Men's 100m T34: 1. Walid Ktila (TUN) 15 sec; 2. Rheed McCracken (AUS) 15.40; 3. Mohammed Al Hammadi (UAE) 15.75. Men's 400m T34: 1. Walid Ktila (TUN) 50.56; 2. Mohammed Al Hammadi (UAE) 50.94; 3. Henry Manni (FIN) 52.24.

While you're here
UAE currency: the story behind the money in your pockets
West Asia Premiership

Dubai Hurricanes 58-10 Dubai Knights Eagles

Dubai Tigers 5-39 Bahrain

Jebel Ali Dragons 16-56 Abu Dhabi Harlequins

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

Updated: July 05, 2023, 5:34 AM