Tens of thousands of lives depend on a deal being reached between Russia and Ukraine to restart grain exports through the Black Sea, the European Union said on Monday, as it expressed hope of an agreement in the coming days.
Josep Borrell, the EU's top foreign policy official, said the talks being brokered by the UN and Turkey were “not a diplomatic game … it is an issue of life and death for many human beings”.
Diplomats meeting in Brussels were briefed that efforts to reroute Ukrainian grain up the Danube had led to 2.7 million tonnes of grain being exported via Romania — about 10 per cent of the pre-war stockpile — while the Black Sea was blocked.
Rail wagons have also taken some of the grain to Poland as Ukraine's allies try to stop its produce going to waste, worsening the economic fallout of the war.
But these stopgap measures are “not enough,” said Mr Borrell, “so I hope, and I think I have hope, that this week it will be possible to reach an agreement to de-block Odesa and other Ukrainian ports. The lives of thousands — more than thousands, tens of thousands of people — depend on this agreement.”
Britain's Foreign Office said on Monday that Russia was deliberately bombing Ukrainian farm equipment and that grain fields were burning because of Russian shelling, adding to the food shortage on world markets.
“These attacks and the blockade of ports are risking future harvests and threatening global hunger,” it said.
Ukraine wants to ensure that opening a shipping corridor will not leave its southern coast vulnerable to a Russian attack, and has said it is not satisfied with mere assurances from a hostile Moscow.
Lithuania's Foreign Minister Gabrielius Landsbergis said providing more arms to Ukraine was part of the solution because it would deter the Russians from attacking or capturing Odesa.
Senior officials insisted at the Brussels talks that sanctions against Russia were working, as the EU prepared to turn the pressure on Moscow up another notch by banning the import of Russian gold.
The nearly five-month Russian onslaught on Ukraine has raised questions about whether EU sanctions have missed their target, and Europe's resolve could be tested further this week if Russia turns off the gas tap to Germany.
Hungary's prime minister Viktor Orban, the main voice of dissent among the EU's 27 leaders, said last week that sanctions had failed and that the bloc had “shot itself in the lungs” by weakening its own economy.
But diplomats meeting in Brussels said the Russian economy had taken a bigger hit and that easing the pressure on the Kremlin would embolden President Vladimir Putin to keep pursuing his goals with violence.
“Some European leaders have been saying that the sanctions were an error, were a mistake. Well, I do not think it was a mistake,” said Mr Borrell.
“Have a look at the charts of the prices — the prices of oil, since we adopted the ban on oil, have been decreasing. So, how can someone say that it was the ban which has increased the price of oil? Don’t they have eyes?”
Brent crude was trading at about $103 a barrel on Monday compared to $116 when the EU's oil ban was agreed on June 2, although prices are still considerably higher than before the Russian invasion in February.
Austria's Foreign Minister Alexander Schallenberg said the Russian car and aviation industries had also been hit hard by the sanctions, after its planes were banned from EU airspace and western-made aircraft were denied maintenance.
“We cannot fall into the trap of taking up the Russian narrative,” said Mr Schallenberg, who cited forecasts that Russia's economy would shrink by 10 per cent this year while the EU's is tipped to grow.
He also mentioned signs of a brain drain from Russia, with many people leaving for Turkey or former Soviet republics such as Georgia, as evidence that the heat was being felt.
“Sanctions are not a measure with instant effect. They are measures with a long-term effect,” he said. “If we look on and do nothing, what happens then? Then we acknowledge that the UN Charter and international law can be trampled on and the law of the jungle would rule.”
Anna Luehrmann, a deputy German foreign minister, said the sanctions were working and should remain in place despite fears that her country will run short of gas if Russia does not resume exports.
Russia's main gas pipeline to Germany, Nord Stream 1, was shut down for maintenance last week by state-owned exporter Gazprom and there are doubts about whether it will ever come back online.
“We are getting ready for all sorts of scenarios. We are prepared,” Ms Luehrmann said.
A total shutdown would have knock-on effects for Austria and other countries which receive second-hand Nord Stream gas from Germany, but Mr Schallenberg said: “We'll cross that bridge when we get there.”
EU ministers were on Monday discussing new measures that Brussels bills as an upgrade to existing sanctions rather than a full-blown seventh round, but which would include a ban on importing gold from Russia.
A gold ban would bring the EU in line with Britain, the US and Canada and honour an agreement at last month's G7 summit that Russia's gold revenue should be forced down.
The latest package would also clarify the scope of some existing sanctions, in particular by emphasising that Russia is not banned from exporting agricultural produce — countering Moscow's narrative that food shortages are the West's fault.
But there is no proposal on the table to ban Russian gas imports, after fraught negotiations with Mr Orban on oil shipments took the wind out of the sails of the EU's desire for energy sanctions.
Why are you, you?
Why are you, you?
From this question, a new beginning.
From this question, a new destiny.
For you are a world, and a meeting of worlds.
Our dream is to unite that which has been
separated by history.
To return the many to the one.
A great story unites us all,
beyond colour and creed and gender.
The lightning flash of art
And the music of the heart.
We reflect all cultures, all ways.
We are a twenty first century wonder.
Universal ideals, visions of art and truth.
Now is the turning point of cultures and hopes.
Come with questions, leave with visions.
We are the link between the past and the future.
Here, through art, new possibilities are born. And
new answers are given wings.
Why are you, you?
Because we are mirrors of each other.
Because together we create new worlds.
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We connect, we inspire, we multiply illuminations
with the unique light of art.
Ben Okri,
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
Representing%20UAE%20overseas
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PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
More coverage from the Future Forum
The Matrix Resurrections
Director: Lana Wachowski
Stars: Keanu Reeves, Carrie-Anne Moss, Jessica Henwick
Rating:****
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Teachers' pay - what you need to know
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
How to come clean about financial infidelity
- Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
- Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help.
- Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
- Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
- Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported.
Carol Glynn, founder of Conscious Finance Coaching
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