Ukrainian government forces near the line of contact with pro-Russian separatists in the east of Ukraine. Photo: AFP
Ukrainian government forces near the line of contact with pro-Russian separatists in the east of Ukraine. Photo: AFP
Ukrainian government forces near the line of contact with pro-Russian separatists in the east of Ukraine. Photo: AFP
Ukrainian government forces near the line of contact with pro-Russian separatists in the east of Ukraine. Photo: AFP

Kremlin plays down hopes of Biden-Putin summit on Ukraine


Tim Stickings
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Live updates: follow the latest news on Russia-Ukraine

The Kremlin on Monday played down talk of a summit between Presidents Joe Biden and Vladimir Putin, dampening hopes that a US-Russia meeting could ease the crisis in Ukraine.

Dmitry Peskov, Mr Putin’s spokesman, said it was "premature to talk about any specific plans for organising any kind of summits" after France suggested it was close to holding such a meeting.

Early gains in European stock trading were wiped out after Mr Peskov’s comments.

The US said it was open to talks, as prolonged Russian drills in Belarus and murky developments on Russia's border with Ukraine heighten fears of military action.

Amid fears Russia will seek a pretext to invade, its security forces claimed on Monday that a border checkpoint had been destroyed by a projectile fired from Ukraine and that five saboteurs had been killed after crossing the border into Russia. Ukraine rejected both these claims.

In Britain, Prime Minister Boris Johnson’s spokesman said “elements of the Russian playbook” that could accompany an invasion were already “starting to play out in real time”.

There was further concern about Belarus, which borders Ukraine to the south, and which announced on Sunday that allied Russian troops were staying on its territory indefinitely.

“In the shadows of the Russian-Ukrainian conflict, we have seen more or less an annexation of Belarus, at least militarily, by the Russians,” said Austrian Foreign Minister Alexander Schallenberg.

“I have my doubts whether the Russians will ever pull out of Belarus again.”

EU foreign ministers, who were meeting in Brussels on Monday, called for Russia to return to the negotiating table after a flurry of calls by French President Emmanuel Macron aimed at brokering talks.

Mr Macron said the US and Russian leaders had agreed to talks in principle, although Mr Peskov cast doubt on that claim by saying that it was foreign ministers who were scheduled to meet. Mr Biden and Mr Putin last met in Geneva in June last year.

  • Russian President Vladimir Putin signs documents recognising two breakaway regions in eastern Ukraine as independent. AFP
    Russian President Vladimir Putin signs documents recognising two breakaway regions in eastern Ukraine as independent. AFP
  • A Ukrainian soldier walks past fragments of a mortar shell amid fighting near the front line in Travneve, Donetsk region. Reuters
    A Ukrainian soldier walks past fragments of a mortar shell amid fighting near the front line in Travneve, Donetsk region. Reuters
  • People wave Russian flags while celebrating Moscow's recognition of the self-proclaimed republic's independence, in Donetsk. AP
    People wave Russian flags while celebrating Moscow's recognition of the self-proclaimed republic's independence, in Donetsk. AP
  • Protesters gather at the Ukrainian Foreign Ministry in Kiev, calling on the EU to impose additional sanctions against Russia. Getty Images
    Protesters gather at the Ukrainian Foreign Ministry in Kiev, calling on the EU to impose additional sanctions against Russia. Getty Images
  • Members of the security forces walk in an underpass at a railway station in Kiev. Getty Images
    Members of the security forces walk in an underpass at a railway station in Kiev. Getty Images
  • A Ukrainian soldier on the front line near the village of Travneve, in Donetsk. Reuters
    A Ukrainian soldier on the front line near the village of Travneve, in Donetsk. Reuters
  • Alisa, 38, a media relations specialist, takes part in a combat skills training for civilians near Kiev. Reuters
    Alisa, 38, a media relations specialist, takes part in a combat skills training for civilians near Kiev. Reuters
  • Alisa poses with a gun at her home near Kiev. Reuters
    Alisa poses with a gun at her home near Kiev. Reuters
  • A young girl takes part in a rally in defence of 'Ukraine, Europe and democratic values', organised by the Association of Ukrainians in Portugal, outside the Russian Consulate in Porto, Portugal. EPA
    A young girl takes part in a rally in defence of 'Ukraine, Europe and democratic values', organised by the Association of Ukrainians in Portugal, outside the Russian Consulate in Porto, Portugal. EPA
  • A Ukrainian soldier takes time out to play with dogs on the front line near the city of Novoluhanske, in Donetsk. Reuters
    A Ukrainian soldier takes time out to play with dogs on the front line near the city of Novoluhanske, in Donetsk. Reuters
  • People gather under the Ukrainian flag for a Day of Solidarity with Ukraine at the Lincoln Memorial in Washington, DC. AFP
    People gather under the Ukrainian flag for a Day of Solidarity with Ukraine at the Lincoln Memorial in Washington, DC. AFP
  • Residents of the self-proclaimed Donetsk People's Republic cross from Ukraine into Russia, after it was announced that women and children would be led to the Rostov region due to rising tension in the area. EPA
    Residents of the self-proclaimed Donetsk People's Republic cross from Ukraine into Russia, after it was announced that women and children would be led to the Rostov region due to rising tension in the area. EPA
  • After the evacuation of separatist-controlled regions of eastern Ukraine, people complete documents in a temporary accommodation centre in Rostov, Russia. Reuters
    After the evacuation of separatist-controlled regions of eastern Ukraine, people complete documents in a temporary accommodation centre in Rostov, Russia. Reuters
  • War veterans and volunteers train civilians in handling weapons on one of Kiev's city beaches. AFP
    War veterans and volunteers train civilians in handling weapons on one of Kiev's city beaches. AFP
  • Russian and Belarusian helicopters taking part in a joint military exercise of the allied countries’ armed forces. EPA
    Russian and Belarusian helicopters taking part in a joint military exercise of the allied countries’ armed forces. EPA
  • Ukrainian National Guard soldiers at a mobile checkpoint together with the Ukrainian Security Service agents and police officers during a joint operation in Kharkiv, Ukraine. AP
    Ukrainian National Guard soldiers at a mobile checkpoint together with the Ukrainian Security Service agents and police officers during a joint operation in Kharkiv, Ukraine. AP
  • US President Joe Biden delivers a national update on the situation at the Russia-Ukraine border at the White House in Washington, DC. AFP
    US President Joe Biden delivers a national update on the situation at the Russia-Ukraine border at the White House in Washington, DC. AFP
  • A Polish soldier uses his phone, as US Defence Secretary Lloyd Austin and Polish Defence Minister Mariusz Blaszczak visit the Air Base in Powidz, Poland. Reuters
    A Polish soldier uses his phone, as US Defence Secretary Lloyd Austin and Polish Defence Minister Mariusz Blaszczak visit the Air Base in Powidz, Poland. Reuters
  • Mr Austin, left, addresses US troops stationed at the Powidz Air Base in Poland. AP Photo
    Mr Austin, left, addresses US troops stationed at the Powidz Air Base in Poland. AP Photo
  • A woman walks to board a bus, arranged to evacuate local residents, in the rebel-controlled city of Donetsk, Ukraine. Reuters
    A woman walks to board a bus, arranged to evacuate local residents, in the rebel-controlled city of Donetsk, Ukraine. Reuters
  • A satellite image shows an overview of helicopter deployments near Lake Donuzlav in Crimea, Ukraine. Reuters
    A satellite image shows an overview of helicopter deployments near Lake Donuzlav in Crimea, Ukraine. Reuters
  • A Ukrainian Military Forces serviceman looks through a spyglass on the front line with Russia-backed separatists not far from Novolugansk in the Donetsk region. AFP
    A Ukrainian Military Forces serviceman looks through a spyglass on the front line with Russia-backed separatists not far from Novolugansk in the Donetsk region. AFP
  • A serviceman keeps position on the front line. AFP
    A serviceman keeps position on the front line. AFP
  • A Ukrainian frontier guard patrols along the border with Russia, some 40km from the city of Kharkiv. AFP
    A Ukrainian frontier guard patrols along the border with Russia, some 40km from the city of Kharkiv. AFP
  • US President Joe Biden speaks to the media about Russia's buildup on the Ukrainian border as he leaves the White House in Washington. EPA
    US President Joe Biden speaks to the media about Russia's buildup on the Ukrainian border as he leaves the White House in Washington. EPA
  • A Ukrainian frontier guard stands at a check point. AFP
    A Ukrainian frontier guard stands at a check point. AFP
  • Russian Foreign Minister Sergey Lavrov and his Italian counterpart Luigi Di Maio enter a hall during a meeting in Moscow. Reuters
    Russian Foreign Minister Sergey Lavrov and his Italian counterpart Luigi Di Maio enter a hall during a meeting in Moscow. Reuters
  • US Secretary of State Antony Blinken addresses the United Nations Security Council. AP Photo
    US Secretary of State Antony Blinken addresses the United Nations Security Council. AP Photo
  • An elderly lady walks by as members of the Joint Centre for Control and Co-ordination survey damage to a house from artillery shell that landed in Vrubivka, eastern Ukraine. AP Photo
    An elderly lady walks by as members of the Joint Centre for Control and Co-ordination survey damage to a house from artillery shell that landed in Vrubivka, eastern Ukraine. AP Photo
  • French President Emmanuel Macron arrives for an extraordinary meeting of EU leaders to discuss Ukraine at the European Council building in Brussels. AP Photo
    French President Emmanuel Macron arrives for an extraordinary meeting of EU leaders to discuss Ukraine at the European Council building in Brussels. AP Photo
  • A local resident boards a train at a suburban area of Kiev. Reuters
    A local resident boards a train at a suburban area of Kiev. Reuters
  • A woman stands among debris after the reported shelling of a nursery in the settlement of Stanytsia Luhanska, Ukraine. AFP
    A woman stands among debris after the reported shelling of a nursery in the settlement of Stanytsia Luhanska, Ukraine. AFP
  • A protester shouts slogans during a demonstration outside the Ukrainian parliament in Kiev against high government taxes. AFP
    A protester shouts slogans during a demonstration outside the Ukrainian parliament in Kiev against high government taxes. AFP
  • A member of the 82nd Airborne Division of the US Army rests ahead of deployment to Poland from Fort Bragg in the US. AP Photo
    A member of the 82nd Airborne Division of the US Army rests ahead of deployment to Poland from Fort Bragg in the US. AP Photo
  • Members of the 82nd Airborne Division of the US Army clean weaponry ahead of deployment to Poland. AP Photo
    Members of the 82nd Airborne Division of the US Army clean weaponry ahead of deployment to Poland. AP Photo

'Dicey situation'

Moscow signalled that it is open to discussions on issues such as arms control, but has not hidden its frustration that the West will not discuss its central demand of refusing Ukraine admission to the Nato military alliance.

The fragile situation was worsened by claims and counterclaims about outbreaks of violence in eastern Ukraine, with shells fired across the line of contact between government forces and pro-Russian separatists.

The US and its allies have said that Russia could use a provocation such as this as grounds for moving its troops into Ukraine.

Germany’s Foreign Minister Annalena Baerbock described the situation as “very dicey” and told Russia not to play with the lives of people in eastern Ukraine.

“It is in your hands,” she said. “We are at the table every minute and every hour. We are waiting for you.”

The EU’s foreign policy chief Josep Borrell said on Monday that work was complete on preparing sanctions that Russia would face it if invades Ukraine – although he said he hoped they would not be needed.

While Europe has not said what these measures would involve, Denmark’s Foreign Minister Jeppe Kofod said they would be the “most devastating sanctions ever seen on Russia”.

“We are ready for a diplomatic solution. The problem is we don’t know where Putin and Russia will be,” Mr Kofod said.

EU foreign policy chief Josep Borrell, right, said sanctions on Russia were ready if needed. AFP
EU foreign policy chief Josep Borrell, right, said sanctions on Russia were ready if needed. AFP

Britain has separately lined up sanctions which it said would prevent Russian companies from raising money on London’s financial markets.

Western powers were facing a demand from Ukraine to bring in these sanctions immediately, with the Russian build-up on the country’s borders already taking its toll on the Ukrainian people and economy.

Ukraine’s President Volodymyr Zelenskyy said at the weekend that it would be too late to sanction Russia once it invades and asked western leaders: “What are you waiting for?”

His remarks won sympathy from Lithuania’s Foreign Minister Gabrielius Landsbergis, who said on Monday that Ukraine was “already under attack” and called on Europe to consider an immediate response.

The US said that imposing sanctions now would render them ineffective as a deterrent if Russia has further to fear from invading Ukraine.

Mr Schallenberg said Belarus could face separate sanctions if a Russian invasion was launched from there.

A German government spokesman said they were not aware that this was under consideration.

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Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

1. Judith Korir(KEN) 2:22:30 

2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Cologne v Hoffenheim (11.30pm)

Saturday

Hertha Berlin v RB Leipzig (6.30pm)

Schalke v Fortuna Dusseldof (6.30pm)

Mainz v Union Berlin (6.30pm)

Paderborn v Augsburg (6.30pm)

Bayern Munich v Borussia Dortmund (9.30pm)

Sunday

Borussia Monchengladbach v Werder Bremen (4.30pm)

Wolfsburg v Bayer Leverkusen (6.30pm)

SC Freiburg v Eintracht Frankfurt (9on)

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

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The 12 breakaway clubs

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

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Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

MATCH INFO

Uefa Champions League semi-finals, first leg
Liverpool v Roma

When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Updated: February 21, 2022, 2:10 PM