French President Emmanuel Macron and Russian President Vladimir Putin after a summit on Ukraine at the Elysee Palace in Paris, in December 2019. Reuters
French President Emmanuel Macron and Russian President Vladimir Putin after a summit on Ukraine at the Elysee Palace in Paris, in December 2019. Reuters
French President Emmanuel Macron and Russian President Vladimir Putin after a summit on Ukraine at the Elysee Palace in Paris, in December 2019. Reuters
French President Emmanuel Macron and Russian President Vladimir Putin after a summit on Ukraine at the Elysee Palace in Paris, in December 2019. Reuters

Macron and Putin argue over Zaporizhzhia nuclear plant security


Soraya Ebrahimi
  • English
  • Arabic

The presidents of Russia and France traded blame on Sunday over safety at the Zaporizhzhia nuclear plant in Ukraine.

Russian President Vladimir Putin blamed Ukrainian forces for attacks on the plant while French President Emmanuel Macron pointed the finger at the Russians.

Conditions at Europe's biggest nuclear power plant continue to cause global concern.

Russia and Ukraine accuse each other of shelling around the Zaporizhzhia plant and risking a catastrophic release of radiation.

Statements from the Kremlin and the Elysee Palace highlighted the difficulties in trying to find an accord to ensure safety at the site.

"The Russian side drew attention to regular Ukrainian attacks on the plant's facilities, including radioactive waste storage, which is fraught with catastrophic consequences," the Kremlin said.

Zaporizhzhia nuclear power plant attacked - in pictures

  • A bright flaring object lands near the nuclear plant in Enerhodar, Ukraine. AP
    A bright flaring object lands near the nuclear plant in Enerhodar, Ukraine. AP
  • Russian forces shelled Europe’s largest nuclear plant early on Friday. AP
    Russian forces shelled Europe’s largest nuclear plant early on Friday. AP
  • Surveillance camera footage shows a flare landing at the Zaporizhzhia nuclear power plant. Reuters
    Surveillance camera footage shows a flare landing at the Zaporizhzhia nuclear power plant. Reuters
  • The flare lands at the plant. Reuters
    The flare lands at the plant. Reuters
  • Multiple blasts at the plant were recorded. AFP
    Multiple blasts at the plant were recorded. AFP
  • Ukrainian President Volodymyr Zelenskiy makes a statement following the attack. Reuters
    Ukrainian President Volodymyr Zelenskiy makes a statement following the attack. Reuters
  • The Zaporizhzhia nuclear power plant in Enerhodar, Ukraine, on September 2, 2019. AP
    The Zaporizhzhia nuclear power plant in Enerhodar, Ukraine, on September 2, 2019. AP
  • A power-generating unit at the Zaporizhzhia nuclear power plant. AP Photo
    A power-generating unit at the Zaporizhzhia nuclear power plant. AP Photo

It called for a "non-politicised interaction" on the matter with the participation of the International Atomic Energy Agency.

But the French presidency said the occupation by Russian troops of the plant was what was putting it at risk.

"He [Macron] asked that Russian forces withdraw their heavy and light weapons from it and that the IAEA's recommendations be followed to ensure safety at the site," the Elysee said.

The IAEA has called for a security zone to be established around the site.

IAEA issues warning over military activity near Zaporizhzhia - video

On Sunday, the agency said a back-up power line to the plant had been restored, providing it with the external electricity it needs to cool its reactors and defend against the risk of a meltdown.

State agency Energoatom had earlier said it halted operations at the plant as a safety step.

Mr Macron would remain in contact with Ukrainian President Volodymyr Zelenskyy "as well as the director general of the IAEA, and will speak again in the coming days with President Putin so that an accord to guarantee security at the power plant can be found", the Elysee said.

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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

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

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UAE currency: the story behind the money in your pockets
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Ticket prices

General admission Dh295 (under-three free)

Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free

Buy tickets at: wbworldabudhabi.com/en/tickets

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Dubai World Cup draw

1. Gunnevera

2. Capezzano

3. North America

4. Audible

5. Seeking The Soul

6. Pavel

7. Gronkowski

8. Axelrod

9. New Trails

10. Yoshida

11. K T Brave

12. Thunder Snow

13. Dolkong 

Sreesanth's India bowling career

Tests 27, Wickets 87, Average 37.59, Best 5-40

ODIs 53, Wickets 75, Average 33.44, Best 6-55

T20Is 10, Wickets 7, Average 41.14, Best 2-12

Updated: September 11, 2022, 11:58 PM