Russia has said it will not make concessions to the US and is disappointed with the noises coming from western powers before high-stakes talks on the situation in Ukraine.
Sergei Ryabkov, Russia’s deputy foreign minister, said on Sunday it was "entirely possible" that talks with the Americans could end abruptly after a single meeting.
Moscow and Washington hold talks on Monday before Russian delegates talk to Nato on Wednesday and the Organisation for Security and Cooperation in Europe on Thursday in a series of diplomatic showdowns.
Under pressure to pull back its troops from the Ukrainian border, Russia is pushing for a wide-ranging security agreement that would curb Nato’s influence in Eastern Europe.
But Nato and the US have indicated that many of Moscow’s proposals are non-starters.
“We are disappointed with the signals coming in the last few days from Washington but also from Brussels,” Mr Ryabkov told Russian news agencies.
He will lead the Russian delegation in Monday’s talks, with Deputy Secretary of State Wendy Sherman representing the US.
“We will not agree to any concession. That is completely excluded,” Mr Ryabkov said.
“If we walk in circles and repeat the same thing, if we do not see the slightest signs of readiness from the other side to take into account our priorities, to react to them in a constructive way, then the dialogue will become pointless.”
Monday’s talks will take place in Geneva, where Presidents Joe Biden and Vladimir Putin met last year. The Swiss city has hosted several previous summits between the two countries.
Nato says Russia has amassed tens of thousands of combat-ready troops on the Ukrainian border, sparking fears of an invasion, and is refusing to de-escalate despite the threat of sanctions.
The alliance said on Friday that it had to be prepared for the talks with Russia to fail. A senior US official said the White House was approaching the meetings with “a sense of realism, not a sense of optimism”.
If Russia attacks Ukraine, the consequences for Moscow could include sanctions, increased assistance to Kiev and an “enhanced Nato force posture” on the territory of US allies, they said.
The official said nothing would be agreed to without consulting with allies, after the EU expressed concern about the two former Cold War superpowers carving up Europe without input from Brussels or Ukraine.
Josep Borrell, the EU's top foreign policy representative, said in remarks published on Sunday that Russia "seems to intend to turn the clock backward to the old times of Cold War logics".
"These times have definitely passed and we need to be clear that nothing will be discussed about the security in Europe without the Europeans," he said.
Russia’s proposals include a veto on Nato membership for countries such as Ukraine, Sweden and Finland, a demand widely rejected by those countries and their allies.
"There should be no limits placed on Ukraine’s independence or its right to determine its foreign policy choices," said Mr Borrell.
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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