Russian President Vladimir Putin listens to Belarusian President Alexander Lukashenko during their meeting in the Black Sea resort of Sochi, Russia. AP
Russian President Vladimir Putin listens to Belarusian President Alexander Lukashenko during their meeting in the Black Sea resort of Sochi, Russia. AP
Russian President Vladimir Putin listens to Belarusian President Alexander Lukashenko during their meeting in the Black Sea resort of Sochi, Russia. AP
Russian President Vladimir Putin listens to Belarusian President Alexander Lukashenko during their meeting in the Black Sea resort of Sochi, Russia. AP

Vladimir Putin accuses West of double standards over Belarus plane diversion


Thomas Harding
  • English
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Russian President Vladimir Putin warmly welcomed his Belarusian counterpart Alexander Lukashenko in the Black Sea resort of Sochi for talks on cementing closer ties amid international outcry over the forced landing of a European plane in Minsk and the arrest of a dissident journalist.

Mr Putin indicated the West had double standards and compared Belarus's attempt to arrest an opposition journalist to one involving the grounding of a plane carrying Bolivia's former president Evo Morales.
In carefully worded remarks in front of reporters, Mr Putin said that when Mr Morales's plane was grounded in 2013, there was little Western outcry.

"The president was led out of the plane, and nothing, silence," Mr Putin said at the start of the talks.

Mr Lukashenko complained the West was looking to cause unrest in Belarus.

"It’s an attempt to destabilise the situation like last August," he said, referring to the outbreak of protests against his regime following a disputed election. "It's clear what these western friends want from us."

The summit is a critical show of support by Moscow for Mr Lukashenko’s regime a day after the UN civil aviation agency announced it would investigate Sunday's interception of the Ryanair aircraft by a MiG-29 fighter jet.

On a flight from Athens in Greece to Lithuania, prominent dissident Roman Protasevich, who had been living in exile, and his girlfriend Sofia Sapega were arrested upon landing in Belarus. Protasevich, 26, faces a 15-year prison sentence.

The Sochi meeting is particularly symbolic as Mr Lukashenko has become increasingly dependent on President Vladimir Putin's backing to maintain his grip on power.

The Belarus president will want to demonstrate that he can ride out the international opprobrium that includes potentially harsh European Union sanctions and a demand from the G7 for the immediate release of Protasevich.

Mr Lukashenko, who has resisted several challenges during his 27-year rule, is increasingly dependent on Moscow's support.

This is in contrast to before presidential elections last August, which Mr Lukashenko claimed he won, when Belarus expelled the Russian ambassador, seized a state-owned Moscow bank and arrested 32 Russian mercenaries. The country had also tried to reduce its reliance on Russian oil.

But since last summer Mr Putin has lent Belarus billions of dollars and defended the Ryanair interception, because he is keen to avoid his immediate neighbour falling under the influence of western countries.

The Russian leader is also seeking further integration between the two economies.

Mr Lukashenko, 66, has yet to identify a potential successor who would prove a loyal Moscow ally and he continues to play off Russia against other partners such as India and China.

Despite the Sochi meeting, there is still a possibility that after the Ryanair interception Mr Lukashenko might be an increasingly problematic ally who has lost international respect.

The UN civil aviation agency, the International Civil Aviation Organisation Council, announced on Thursday that it had “decided to undertake a fact-finding investigation of this event”.

The subsequent report is unlikely to put Belarus in a good light.

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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UAE currency: the story behind the money in your pockets
Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

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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

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

The low down

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Director: Namrata Singh Gujral

Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark

Rating: 2/5

The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
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

The Gandhi Murder
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  • 34 - Nationalities featured in the film The Gandhi Murder
  • 7 - million dollars, the film's budget