Russian coal is set to be the first part of its lucrative fossil fuel market closed off by the EU. Getty
Russian coal is set to be the first part of its lucrative fossil fuel market closed off by the EU. Getty
Russian coal is set to be the first part of its lucrative fossil fuel market closed off by the EU. Getty
Russian coal is set to be the first part of its lucrative fossil fuel market closed off by the EU. Getty

EU expected to agree on coal ban after €35bn paid to Russia since war began


Tim Stickings
  • English
  • Arabic

Live updates: follow the latest news on Russia-Ukraine

The European Union will agree to impose its first sanctions against Russia’s energy sector by the end of this week, giving leading officials something to show Ukrainian President Volodymyr Zelenskyy when they travel to Kyiv, the bloc’s foreign policy chief said on Thursday.

On another critical day of diplomacy in Brussels, Josep Borrell said he expected the EU’s fifth sanctions package, which would ban imports of Russian coal and stop many Russian ships from docking at European ports, would be signed off on Thursday or Friday.

It came after the horrors discovered in the Ukrainian town of Bucha when it was abandoned by Russian forces pushed the EU into softening its earlier opposition to an energy embargo.

A potential second phase of energy sanctions, targeting oil, will be discussed next week after Mr Borrell said the EU’s energy imports had financed Russia to the tune of €35 billion ($38bn) since the war began on February 24 – dwarfing the bloc's €1bn of military aid to Ukraine.

Kyiv wants its allies to complete the set by targeting gas deliveries, for which Europe is particularly reliant on Russia.

“I hope we will never face a situation again when to step up the sanctions pressure, you need atrocities like Bucha to be revealed,” said Ukraine’s Foreign Minister Dmytro Kuleba.

Ukraine says hundreds of civilians were found dead after Russian troops withdrew from areas around Kyiv, with western countries speaking of possible war crimes.

  • Nato foreign ministers meet in Brussels to discuss the latest in the continuing Russia-Ukraine war. AFP
    Nato foreign ministers meet in Brussels to discuss the latest in the continuing Russia-Ukraine war. AFP
  • People take part in a protest against the transport of cargo to Russia and Belarus near the Polish-Belarusian border crossing in Koroszczyn, eastern Poland. EPA
    People take part in a protest against the transport of cargo to Russia and Belarus near the Polish-Belarusian border crossing in Koroszczyn, eastern Poland. EPA
  • A Ukrainian naval vessel, thought to be the ‘Donbas’ and a nearby building burn in the besieged city of Mariupol. AP
    A Ukrainian naval vessel, thought to be the ‘Donbas’ and a nearby building burn in the besieged city of Mariupol. AP
  • Bucha resident Tetiana Ustymenko weeps over the grave of her son, buried in the garden of her house, in Bucha, north-west of Kyiv. AFP
    Bucha resident Tetiana Ustymenko weeps over the grave of her son, buried in the garden of her house, in Bucha, north-west of Kyiv. AFP
  • People charge their mobile phones in a public building in Bucha. AFP
    People charge their mobile phones in a public building in Bucha. AFP
  • People from Mariupol leave a train to be taken to temporary residences in Nizhny Novgorod, Russia. AP
    People from Mariupol leave a train to be taken to temporary residences in Nizhny Novgorod, Russia. AP
  • Vladyslava Liubarets, a Bucha resident, cries as she hugs her sister whom she had not seen since the beginning of the Russian invasion, in Bucha, the town which was retaken by the Ukrainian army. EPA
    Vladyslava Liubarets, a Bucha resident, cries as she hugs her sister whom she had not seen since the beginning of the Russian invasion, in Bucha, the town which was retaken by the Ukrainian army. EPA
  • Local citizen Oleksandr, 55, looks at the grave of his neighbour in the backyard of his private house in Hostomel in Kyiv. EPA
    Local citizen Oleksandr, 55, looks at the grave of his neighbour in the backyard of his private house in Hostomel in Kyiv. EPA
  • Debris of a rocket missile on the field near Kyiv. EPA
    Debris of a rocket missile on the field near Kyiv. EPA
  • The mother of Ukrainian soldier Lubomyr Hudzeliak, who was killed during Russia's invasion of Ukraine, mourns during his funeral in the western Ukrainian city of Lviv. AFP
    The mother of Ukrainian soldier Lubomyr Hudzeliak, who was killed during Russia's invasion of Ukraine, mourns during his funeral in the western Ukrainian city of Lviv. AFP
  • A woman takes care of a baby at a shelter in the Ukrainian city of Severodonetsk in Donbas region. AFP
    A woman takes care of a baby at a shelter in the Ukrainian city of Severodonetsk in Donbas region. AFP
  • Residents gather outside a shelter in the city of Severodonetsk. AFP
    Residents gather outside a shelter in the city of Severodonetsk. AFP
  • Residents in eastern Ukraine, including the city of Severodonetsk in Donbas region, have been asked by their government to leave 'now' or 'risk death'. AFP
    Residents in eastern Ukraine, including the city of Severodonetsk in Donbas region, have been asked by their government to leave 'now' or 'risk death'. AFP
  • A young girl with her dog arrives at a centre for the displaced in Zaporizhzhia, north-west of Mariupol. AFP
    A young girl with her dog arrives at a centre for the displaced in Zaporizhzhia, north-west of Mariupol. AFP
  • A damaged ambulance in Hostomel, on the outskirts of Kyiv. Reuters
    A damaged ambulance in Hostomel, on the outskirts of Kyiv. Reuters
  • A bomb crater left behind by Russia's attack on the Ukrainian village of Demydiv, on the outskirts of Kyiv. Reuters
    A bomb crater left behind by Russia's attack on the Ukrainian village of Demydiv, on the outskirts of Kyiv. Reuters
  • Russian attacks have reduced Hotel Ukraine in Chernihiv to debris. Reuters
    Russian attacks have reduced Hotel Ukraine in Chernihiv to debris. Reuters
  • Oleksii Shcherbo, 98, near his burnt house in the village of Sloboda, on the outskirts of Chernihiv. Reuters
    Oleksii Shcherbo, 98, near his burnt house in the village of Sloboda, on the outskirts of Chernihiv. Reuters
  • Residents walk past destroyed Russian military machinery on the street, in Bucha, the town which was retaken by the Ukrainian army, north-west of Kyiv. EPA
    Residents walk past destroyed Russian military machinery on the street, in Bucha, the town which was retaken by the Ukrainian army, north-west of Kyiv. EPA
  • Damaged National flags flutter in the wind on a cemetry of Chernihiv city which was blocked by Russian troops for a long time. EPA
    Damaged National flags flutter in the wind on a cemetry of Chernihiv city which was blocked by Russian troops for a long time. EPA
  • Demonstrators lie down on the ground in tribute to the people killed in Russia's war against Ukraine, in Berlin, Germany. AP
    Demonstrators lie down on the ground in tribute to the people killed in Russia's war against Ukraine, in Berlin, Germany. AP
  • A Ukrainian firefighter works at the site of a burning fuel storage facility ignited by an air strike, in Dnipropetrovsk. Reuters
    A Ukrainian firefighter works at the site of a burning fuel storage facility ignited by an air strike, in Dnipropetrovsk. Reuters
  • A woman before and after she was removed by rescuers from debris after a military strike on the town of Rubizhne, Luhansk. Reuters
    A woman before and after she was removed by rescuers from debris after a military strike on the town of Rubizhne, Luhansk. Reuters
  • People wait for help to evacuate Derhachi. Reuters
    People wait for help to evacuate Derhachi. Reuters
  • Pope Francis, in Vatican, holds a Ukrainian flag given to him by a delegation from the town of Bucha, where dozens of bodies had been found. EPA
    Pope Francis, in Vatican, holds a Ukrainian flag given to him by a delegation from the town of Bucha, where dozens of bodies had been found. EPA
  • State emergency servicemen clear shells near Chernigiv, northern Ukraine. AFP
    State emergency servicemen clear shells near Chernigiv, northern Ukraine. AFP
  • US war veteran Steven Straub shows his tattoo of the Ukrainian flag while on patrol near Buda-Babynetska, north of Kyiv, days after Russian forces retreated from the area. AFP
    US war veteran Steven Straub shows his tattoo of the Ukrainian flag while on patrol near Buda-Babynetska, north of Kyiv, days after Russian forces retreated from the area. AFP
  • Candles are arranged in the shape of Ukraine by the monument to the poet Taras Shevchenko in the western city Lviv. AFP
    Candles are arranged in the shape of Ukraine by the monument to the poet Taras Shevchenko in the western city Lviv. AFP
  • A teddy bear hangs from a tree branch outside an apartment building in Borodyanka, Kyiv oblast. AP
    A teddy bear hangs from a tree branch outside an apartment building in Borodyanka, Kyiv oblast. AP
  • A woman carries her cat as she walks past buildings that were destroyed by Russian shelling, in Borodyanka. Reuters
    A woman carries her cat as she walks past buildings that were destroyed by Russian shelling, in Borodyanka. Reuters
  • Dmitriy Evtushkov, 25, points to his picture in a primary school album retrieved from the rubble of a block of flats. AP
    Dmitriy Evtushkov, 25, points to his picture in a primary school album retrieved from the rubble of a block of flats. AP
  • Technicians try to fix the internet in Bucha. AP
    Technicians try to fix the internet in Bucha. AP
  • A smashed mobile phone lies next to a Russian army ration book in Bucha. AP
    A smashed mobile phone lies next to a Russian army ration book in Bucha. AP
  • A woman and children after their arrival at a centre for displaced persons in Zaporizhzhia, about 200 kilometres north-west of Mariupol. AFP
    A woman and children after their arrival at a centre for displaced persons in Zaporizhzhia, about 200 kilometres north-west of Mariupol. AFP
  • A man leaves a damaged pharmacy after a bombing that killed several civilians, in Mykolaiv. AP
    A man leaves a damaged pharmacy after a bombing that killed several civilians, in Mykolaiv. AP
  • Ukrainian soldiers sing a patriotic song with buildings in the background that were destroyed during fighting in Borodyanka. AP
    Ukrainian soldiers sing a patriotic song with buildings in the background that were destroyed during fighting in Borodyanka. AP
  • Borodyanka residents carry humanitarian aid packages. Reuters
    Borodyanka residents carry humanitarian aid packages. Reuters
  • Elderly Ukrainians shelter in a basement in Kharkiv, in eastern Ukraine. EPA
    Elderly Ukrainians shelter in a basement in Kharkiv, in eastern Ukraine. EPA
  • Destroyed apartment buildings in Borodyanka. Reuters
    Destroyed apartment buildings in Borodyanka. Reuters
  • Relatives and friends are overwhelmed with emotions as they stand next to the coffin of Anatoly German during his funeral. AP
    Relatives and friends are overwhelmed with emotions as they stand next to the coffin of Anatoly German during his funeral. AP

Moscow’s denials that such a massacre took place have been undermined by satellite photos, published by western intelligence and media outlets, showing bodies lying in Bucha’s streets when Russian forces still controlled the town.

While diplomats from the EU’s 27 countries discussed sanctions on Thursday, Mr Kuleba said he had come to a Nato meeting in Brussels with a simple agenda: “weapons, weapons and weapons”.

Asking for planes and heavy air defences, he rejected the distinction made by some Nato members between sending defensive weapons but holding back offensive ones for fear of provoking Russia into widening the conflict.

“Every weapon used in the territory of Ukraine, by the Ukrainian army against a foreign aggressor, is defensive by definition,” Mr Kuleba said. “So this distinction between defensive and offensive doesn’t make any sense.”

Nato Secretary General Jens Stoltenberg said he expected the 30-member alliance to agree on new support for Ukraine on Thursday.

The G7 countries – the US, UK, Germany, France, Italy, Canada and Japan – were separately holding talks at which Britain said it would lobby for tougher sanctions.

Ukraine's Foreign Minister Dmytro Kuleba said he was seeking 'weapons, weapons, weapons' from a Nato meeting. AFP
Ukraine's Foreign Minister Dmytro Kuleba said he was seeking 'weapons, weapons, weapons' from a Nato meeting. AFP

Britain on Wednesday said it would end Russian oil and coal imports by the end of this year, gas deliveries “as soon as possible thereafter” and urged its G7 allies to commit to a timetable for cutting loose from Russian fossil fuels.

The energy-rich US has already banned such imports, while Germany says it is striving extricate itself from Russian supply by 2024 but has so far opposed a blanket embargo because of the economic pain it could cause at home.

Mr Borrell said he hoped the coal sanctions would be in place by the time he and European Commission chief Ursula von der Leyen visit Kyiv “in the coming days”.

They will become the most senior EU officials there since the war began, after three prime ministers from Eastern Europe travelled by train to Kyiv last month in a show of solidarity with Mr Zelenskyy.

But “what he really needs is more arms”, said Mr Borrell. “Less applause and more arms.”

The bio

His favourite book - 1984 by George Orwell

His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard

Favourite place to travel to - Peloponnese, Southern Greece

Favourite movie - The Last Emperor

Favourite personality from history - Alexander the Great

Role Model - My father, Yiannis Davos

 

 

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

SRI LANKA SQUAD

Upul Tharanga (captain), Dinesh Chandimal, Niroshan Dickwella
Lahiru Thirimanne, Kusal Mendis, Milinda Siriwardana
Chamara Kapugedara, Thisara Perera, Seekuge Prasanna
Nuwan Pradeep, Suranga Lakmal, Dushmantha Chameera
Vishwa Fernando, Akila Dananjaya, Jeffrey Vandersay

Company profile

Name: Tharb

Started: December 2016

Founder: Eisa Alsubousi

Based: Abu Dhabi

Sector: Luxury leather goods

Initial investment: Dh150,000 from personal savings

 

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20PlanRadar%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2013%3Cbr%3E%3Cstrong%3ECo-founders%3A%20%3C%2Fstrong%3EIbrahim%20Imam%2C%20Sander%20van%20de%20Rijdt%2C%20Constantin%20K%C3%B6ck%2C%20Clemens%20Hammerl%2C%20Domagoj%20Dolinsek%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EVienna%2C%20Austria%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EConstruction%20and%20real%20estate%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E400%2B%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20B%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Headline%2C%20Berliner%20Volksbank%20Ventures%2C%20aws%20Gr%C3%BCnderfonds%2C%20Cavalry%20Ventures%2C%20Proptech1%2C%20Russmedia%2C%20GR%20Capital%3C%2Fp%3E%0A
The Sheikh Zayed Future Energy Prize

This year’s winners of the US$4 million Sheikh Zayed Future Energy Prize will be recognised and rewarded in Abu Dhabi on January 15 as part of Abu Dhabi Sustainable Week, which runs in the capital from January 13 to 20.

From solutions to life-changing technologies, the aim is to discover innovative breakthroughs to create a new and sustainable energy future.

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

The Gandhi Murder
  • 71 - Years since the death of MK Gandhi, also christened India's Father of the Nation
  • 34 - Nationalities featured in the film The Gandhi Murder
  • 7 - million dollars, the film's budget 
Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3Eamana%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2010%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Farra%20and%20Ziad%20Aboujeb%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3ERegulator%3A%20%3C%2Fstrong%3EDFSA%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinancial%20services%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E85%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESelf-funded%3Cbr%3E%3C%2Fp%3E%0A
The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Ultra processed foods

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap​​​​​​​
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal​​​​​​​
Rating: 3.5/5

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Updated: April 07, 2022, 8:41 AM