Olia, 53, stands next to destroyed constructions in her courtyard in Bucha on Tuesday. (Photo by Alexey Furman / Getty Images)
Olia, 53, stands next to destroyed constructions in her courtyard in Bucha on Tuesday. (Photo by Alexey Furman / Getty Images)
Olia, 53, stands next to destroyed constructions in her courtyard in Bucha on Tuesday. (Photo by Alexey Furman / Getty Images)
Olia, 53, stands next to destroyed constructions in her courtyard in Bucha on Tuesday. (Photo by Alexey Furman / Getty Images)

UK shares satellite image showing bodies in Bucha to counter Russia's war crime denial


Laura O'Callaghan
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Britain has released a satellite image that it claims shows bodies strewn along a street in the Ukrainian city of Bucha, in mid-March, in a bid to invalidate Russia’s denial of atrocities.

The Ministry of Defence shared a photo appearing to show the remains of eight people scattered on a street in the commuter city north-west of Kyiv.

Russian troops occupied the city at the time the image was taken.

After invading forces withdrew from Bucha and other regions around the capital last week, the devastation left in their wake shocked the world and drew international condemnation. Bodies were found dumped in mass graves, including one in the grounds of a church, and half-burnt human remains were discovered in a bonfire site.

Roads were found littered with bodies, dressed in civilian clothing with their hands tied behind their backs, suggesting they had been executed.

Ukrainian President Volodymyr Zelenskyy said the evidence emerging from Bucha points to “genocide”, an accusation that the Kremlin has denied. The Russian defence ministry said “not a single civilian” in Bucha faced any unprovoked violent military action and said images of bodies had been “stage-managed by the Kyiv regime for the western media”. The Kyiv government also called on the West to ratchet up sanctions against Moscow.

The UK defence ministry issued an intelligence update on Tuesday evening in a bid to quash Moscow’s denials, which it repeated at a meeting of the UN Security Council.

“Analysis of satellite imagery dated 21 March 2022 shows at least 8 bodies identified lying in a street in Bucha, Kyiv Oblast,” the ministry tweeted. “Bucha was occupied by the Russian armed forces until 31 March 2022.”

The ministry issued a further update on the Ukrainian war on Wednesday morning, saying there was "heavy fighting and Russian air strikes" in the encircled port city of Mariupol.

"The humanitarian situation in the city is worsening," the ministry said. "Most of the 160,000 remaining residents have no light, communication, medicine, heat or water. Russian forces have prevented humanitarian access, likely to pressure defenders to surrender."

Speaking at the UN meeting, Russia’s envoy to the UN Vasily Nebenzya disputed the allegations of atrocities in Bucha, and criticised President Zelenskyy. He repeated baseless allegations of Nazism among Kyiv’s leadership.

On Sunday, as international journalists and human right workers poured into Bucha, Sergey Nikiforov, a spokesman for Mr Zelenskyy, condemned the “pure brutality” of the mass graves.

“We found mass graves filled with civilians,” Mr Nikiforov said. “We found people with their hands and with their legs tied up and with bullet holes at the back of their heads.

“They were clearly civilians and they were executed. We found half-burnt bodies as if somebody tried to hide the crimes, but actually they didn’t have enough time to do it properly.”

The UK and the US are pushing for Russia to be removed from the UN Human Rights Council over the Bucha atrocities.

Ukrainian soldiers walk on a street in Bucha after Russian forces withdrew from the city near Kyiv. AP
Ukrainian soldiers walk on a street in Bucha after Russian forces withdrew from the city near Kyiv. AP

In an address to the UN Security Council on Tuesday, President Zelenskyy accused Russia of committing the “most terrible war crimes” since the Second World War as he called for trials akin to those held after the defeat of the Nazis.

He said President Vladimir Putin’s forces had created “mass starvation” and shot and raped civilians and called for those responsible to be “brought to justice” in a tribunal similar to the Nuremberg trials.

He warned the world is yet to see the acts committed by the Kremlin’s troops in other regions, which remain under Russian control.

“Today, as a result of Russia’s actions in our country, in Ukraine, the most terrible war crimes we’ve seen since the end of the Second World War are being committed,” he said in the online address.

“Russian troops are deliberately destroying Ukrainian cities to ashes with artillery and air strikes. They are deliberately blocking cities, creating mass starvation. They deliberately shoot columns of civilians on the road trying to escape from the hostilities.

“They even deliberately blow up shelters where civilians hide from air strikes.

“The massacre in our city of Bucha is unfortunately only one of many examples of what the occupiers have been doing on our land for the past 41 days.”

  • 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
MATCH INFO

Euro 2020 qualifier

Fixture: Liechtenstein v Italy, Tuesday, 10.45pm (UAE)

TV: Match is shown on BeIN Sports

TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

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

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Look north

BBC business reporters, like a new raft of government officials, are being removed from the national and international hub of London and surely the quality of their work must suffer.

The specs

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Transmission: CVT auto

Fuel consumption: 9.5L/100km

On sale: now

Price: from Dh195,000 

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

Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Politics in the West
Updated: April 06, 2022, 1:41 PM