Russia on Friday launched airstrikes on the southern Ukrainian city of Dnipro, a move which symbolises more than just a further territorial incursion.
Dnipro is Ukraine's fourth biggest city and boasts one of the most sprawling and renowned space manufacturing facilities in the world. Such is its international repute, its pseudonym is “Rocket City".
There are few areas in which Ukraine has been able to escape Russia's omnivorous shadow, but its space industry has seen more light than most.
During the Cold War, Ukraine played an integral role in the Soviet space programme. Much of the bloc's space infrastructure was based in the country, and many of its space engineers and scientists were of Ukrainian origin.
Following the fall of the Soviet Union in 1991, while Russia took the majority of the space spoils, Ukraine was not left completely bereft, retaining a significant number of its assets - the majority clustered around Dnipro.
Among the Rocket City nuclear arsenal was the R-36, one of the most powerful intercontinental ballistic missiles ever made.
Dnipro's legacy has, somewhat ironically, created contemporary admirers in its Cold War foe, the US.
Firefighters spray water on a destroyed shoe factory following an airstrike in Dnipro. AFP
Texas-based Firefly Aerospace opened a research and development centre in the city in 2018.
And the Tesla and SpaceX founder Elon Musk has gone on record with his admiration for the Zenit rocket, manufactured at the Dnipro-based Yuzhmash and Yuzhnoye enterprises.
Yuzhmash and Yuzhnoye are also responsible for the design and manufacture of the first stages of the Antares rocket, which propels cargo to the International Space Station, as well as the engines for Europe's Vega rockets.
Perhaps the most conspicuous hallmark of Ukraine's space legacy, however, lies in its 16,000-strong Ukrainian Space Agency, a number of employees that nearly matches Nasa.
Despite winning the heart of Elon Musk and retaining many of the trappings of its glorious heyday, Ukraine's significance on the global space stage has dwindled in recent years. Indeed, until this year it was about 11 years ago that the country last had a satellite in orbit — the Sich-2.
Ukraine's space nationalism
The decline has not gone unnoticed, and the incumbent regime, led full sail by President Volodymyr Zelenskyy, had embarked on a policy of space nationalism to assert Ukraine's power.
To this end, when SpaceX launched the observation satellite — Sich 2-30 — in January, President Zelenskyy tweeted that it heralded a new era for Ukraine as a “powerful space power".
Among Sich-2 30's aims was the collection of data for defence and security purposes. It is unknown whether the satellite is abetting Ukraine's Russian resistance, but it has been reported that the country has sought the help of other firms and space agencies to help it locate and combat the movement of enemy troops.
Russia's Rocket City strategy
Knowing Mr Zelenskyy has actively channelled Ukraine's space heritage as a means of galvanising national pride, on the surface it may appear surprising there has not yet been a concerted Russian attack on Ukraine's space cluster in and around Rocket City.
This decision is unlikely to be an oversight, according to Volodymyr Usov, former chairman of the Ukrainian Space Agency.
“I believe [Russia is] avoiding them for now because it wants to get hold of them and use them for its purposes,” Mr Usov told Space.com.
“If we win before everything is destroyed, we will keep that research and production capacity. But it can change any day. Two strikes on Youzmash and it will never recover.”
A queue of volunteers in Dnipro, Ukraine's 'Rocket City', which has to date escaped Russian shelling. Getty
Such an outcome would pose a “huge ecological catastrophe”, not just to Ukraine but the rest of Europe too, given the hefty number of toxic chemicals stored there, Mr Usov said, echoing fears voiced after Russian strikes on the Mariupol nuclear plant.
The odds seem insuperable, but Mr Usov's future optimism for Ukraine's space industry has not been completely extinguished.
He outlined a scenario where Ukraine becomes an even bigger player in the international space sector.
“I want to open Ukraine to the world and show that it can be a trustworthy partner,” he said.
“But we need to create really good conditions and terms for other companies to co-operate with Ukraine.
“Before the war started, we were working on new legislation, which has already been signed and implemented by the President of Ukraine, to enable private companies to build space technology in Ukraine.”
Mr Usov still rankles from the 2015 dissolution of Ukraine's project with Brazil to develop the Cyclone 4M launcher which he blames on Russian political pressure.
This satellite image provided by Maxar Technologies shows destroyed and burning warehouse buildings in Stoyanka, Ukraine, in the western Kyiv region, during the Russian invasion. AP
Children shelter in a metro station in Kharkiv. Moscow said on March 10, 2022, that it will open daily humanitarian corridors to allow civilians fleeing fighting in Ukraine to reach Russian territory, despite Kyiv insisting that no evacuation routes should lead to Russia. AFP
Russian President Vladimir Putin during a videoconference meeting with government members at the Kremlin in Moscow. The meeting focuses on minimising the effects of sanctions on the Russian economy. Russian troops entered Ukraine on February 24, prompting the country's president to declare martial law and triggering a series of severe economic sanctions imposed by western countries. EPA
Rescuers work among remains of buildings damaged by an air strike in Dnipro, Ukraine, as Russia's attack on the country continues. Reuters
Members of the National Guard of Ukraine, Oleksandr and Olena, listen to a priest at their wedding in Ukraine. Reuters
People fleeing Russia's invasion of Ukraine warm up by a fire near the train station in Lviv, Ukraine. Reuters
Russian forces rolled their armoured vehicles up to the northeastern edge of Kyiv, edging closer in their attempts to encircle the Ukrainian capital. AFP
A woman covers herself with a blanket near a damaged fire truck after shelling in Mariupol, Ukraine. AP Photo
A Ukrainian soldier hides from a helicopter air strike near Demydiv, Ukraine. Reuters
Ukrainian soldiers walk past a monument of the city founder Duke de Richelieu, covered with sand bags for protection, in Odessa, Ukraine. Reuters
Russian Foreign Minister Sergey Lavrov, left, Turkish Foreign Minister Mevlut Cavusoglu, centre, and Ukranian Foreign Minister Dmytro Kuleba. EPA
Russian Foreign Minister Sergey Lavrov in talks with Ukrainian counterpart Dmytro Kuleba during a tripartite meeting chaired by Turkish Foreign Minister Mevlut Cavusoglu, in Antalya, Turkey. AP
Russian Foreign Ministry spokeswoman Maria Zakharova speaks to the media as the foreign ministers of Ukraine, Russia and Turkey hold talks in Antalya, 15 days after Russia launched a military invasion on Ukraine. AFP
A Ukrainian serviceman says goodbye to his girlfriend before departing in the direction of Kyiv at the central train station in the western Ukrainian city of Lviv. AFP
Valerii Sushkevych, president of the Ukraine National Paralympic Committee, and the Ukraine delegation raise their fists and pose with a banner at the Beijing 2022 Winter Paralympic Games. Reuters
A member of the Ukrainian team cries during a moment of silence at the Zhangjiakou athletes village during the Beijing 2022 Winter Paralympic Games. AFP
Turkish Foreign Minister Mevlut Cavusoglu, right, and Ukraine Foreign Minister Dmytro Kubela, second left, in Antalya, Turkey. AFP
A man is supported after crossing the Irpin river while fleeing the town of Irpin, Ukraine. AP
People are helped out of a damaged children's hospital following a Russian air strike in the southeastern city of Mariupol, Ukraine. AFP
A man rides a bicycle in front of an apartment building that was damaged by shelling in Mariupol. AP
A woman carries two babies after arriving at a triage point in Kyiv, Ukraine. AP
A man hugs an elderly woman after crossing a damaged bridge as they flee from the frontline town of Irpin, near the Ukrainian capital of Kyiv. EPA
Local residents cook at a makeshift camp next to a checkpoint in Kyiv. EPA
Ukrainian men chop wood at a makeshift camp next to a checkpoint in Kyiv. EPA
A member of the Territorial Defence Forces learns how to use a Javelin missile during a training session in Kyiv. EPA
Members of the Territorial Defence Forces learn how to give first aid during the training session. EPA
A woman rescued from the outskirts of Kyiv holds a plate of food after arriving at a triage point in the Ukrainian capital. AP
A woman cries after arriving at the triage point in Kyiv. AP
Civilian vehicles drive past a destroyed Russian tank as they leave Irpin. AP
Ukrainian servicemen stand in a foxhole in Irpin. AP
People gather on a platform to board a train leaving Odesa after the US said Russian troops are making preparations to attack the city. AFP
A Ukrainian woman looks for food in a bin in Odesa's city centre. AFP
Ukrainian servicemen look towards Russian positions outside the city of Brovary, east of Kyiv. AFP
A man walks past a shelled house at the village of Velyka Dymerka, east of Kyiv. AFP
A Ukrainian serviceman stands at a check point in the vilage of Velyka Dymerka east of Kyiv. AFP
A Ukrainian woman plays with her child in a temporary refugee shelter in Przemysl, Poland. Reuters
A woman waits outside a maternity and children's hospital damaged by shelling in Mariupol, Ukraine. AP
A pregnant woman leaves the hospital after she was wounded when it was bombed. AP
A woman waits outside the damaged hospital in Mariupol. AP
A man wounded by shelling in Mariupol. AP
A car burns after the destruction of the children's hospital in Mariupol. Reuters
A mortuary worker wheels a stretcher used to move dead bodies before they are buried on the outskirts of Mariupol. AP
“Even after Brazil spent about $500 million on that, they closed the project because of the tension,” he said.
He sees Ukraine's space industry as far more than hardware — he sees it an allegory of Ukraine's desire to escape Russian vassalage and to westernise.
The defiance and nationalism in Mr Usov's rhetoric is the same defiance and nationalism espoused by President Zelenskyy and many of the Ukrainian people which has so inflamed Vladimir Putin.
Whether Russia or Ukraine holds the keys to Rocket City and the Ukrainian space industry in the months to come, then, will likely betoken the outcome of the wider conflict.
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