Live updates: follow the latest news on Russia-Ukraine
A British defence minister dismissed a warning by Russian foreign minister Sergey Lavrov that there was a “real” danger of a Third World War as the West sends more arms to Ukraine.
Armed forces minister James Heappey said on Tuesday he did not think there was an imminent threat of escalation in the war in Ukraine, dismissing Mr Lavrov's comments as “bravado".
He was responding to comments Mr Lavrov made overnight in which he accused Nato of engaging in a proxy battle against Russia by arming Ukraine, saying this had created a serious and real risk of nuclear war.
In a marked escalation of Russian rhetoric, Mr Lavrov was asked on state television about the importance of avoiding a Third World War and whether the current situation was comparable to the 1962 Cuban Missile Crisis.
“The risks now are considerable,” Mr Lavrov said, according to the ministry's transcript of the interview.
“I would not want to elevate those risks artificially. Many would like that. The danger is serious, real. And we must not underestimate it,” Mr Lavrov said.
“Nato, in essence, is engaged in a war with Russia through a proxy and is arming that proxy. War means war.”
In response, during the morning media round, Mr Heappey told BBC Television: “Lavrov's trademark over the course of 15 years or so that he has been the Russian foreign secretary has been that sort of bravado. I don't think that right now there is an imminent threat of escalation".
“What the West is doing to support its allies in Ukraine is very well calibrated … Everything we do is calibrated to avoid direct confrontation with Russia.”
He told Sky News: “Sergey Lavrov might also reflect that the reason there is a war in Ukraine right now is because Russia rolled over the borders of a sovereign country and started to invade their territory.
“All of this noise from Moscow about somehow their attack on Ukraine being a response to Nato aggression is just utter, utter nonsense.”
Forty countries will hold emergency talks in Germany on Tuesday on bolstering the defence of Ukraine, which the US Pentagon chief believes “can win” against Russia if given the necessary means and backing.
France is delivering Caesar cannons with a range of 40 kilometres and Britain has provided Starstreak anti-air missiles and tanks.
Germany will officially approve the delivery of Gepard anti-aircraft systems to Ukraine, a senior politician from one of the ruling coalition parties said on Tuesday.
Johannes Vogel, of the liberal Free Democrats, confirmed a report in daily newspaper Sueddeutsche Zeitung that Defence Minister Christine Lambrecht is set to offer the weapons at Tuesday's meeting with allies at the US Ramstein Air Base in Germany.
German Chancellor Olaf Scholz, who has faced criticism at home and abroad for his government's failure to deliver heavy weapons to Ukraine, has pledged anti-tank and anti-aircraft weapons from German military stocks, which he described however as “defensive weapons.”
The meeting called by the US at its Ramstein airbase in south-western Germany is “focused on doing things to generate additional capability and capacity for the Ukrainian forces”, said Defence Secretary Lloyd Austin following his visit to Kyiv on Sunday.
“We believe that they can win if they have the right equipment, the right support,” Mr Austin said.
The US is already the biggest supplier of international military aid to Ukraine.
Kyiv is seeking heavy artillery and tanks to repel Russian forces trying to seize complete control of its vast southern plains and the eastern region of Donbas.
The meeting is also aimed at ensuring Ukraine's security in the longer term once the war is over.
Mr Heappey said that while Nato had been reinforcing its eastern flank, it was not, as an organisation, providing military aid.
“The donor community is not Nato,” Mr Heappey said. “The donor effort is something that has been brought together by countries that are yes, many of them are from Nato, but others are from beyond … it is not Nato that is doing the military aid.”
Moscow describes its actions a “special operation” to disarm Ukraine and protect it from fascists. Ukraine and the West say this a false pretext for an unprovoked war of aggression by President Vladimir Putin.
Mr Heappey said it was completely legitimate for Ukraine to strike Russian logistics lines and fuel supplies and he acknowledged the weapons the international community was now providing had the range to be used in Russia.
The minister went on to say that Mr Putin’s push to claim some kind of victory before the May 9 victory parade was causing “military unsound” decisions to be made.
He told the BBC: “The fact that he has directed that the military outcome must be secured by May 9 will mean that commanders, even though they will know from all their command and staff training it is absolute folly to launch an offensive before you’ve massed all of your combat power and that they’re giving away whatever advantage they may have won and there’s been incredibly bad weather in the Donbas over the last week or two, which means the ground is not conducive right now to the manoeuvre of heavy army, that Putin’s political pressure and the hubris that he’s shown, his desire to stand there on the steps of the Kremlin on May 9 and be a hero, means that thousands of Russian lives are going to be lost and the Russians are going to hand over the numerical advantage that they should have.”
Meanwhile, the British Ministry of Defence said on Tuesday that Russian forces had taken the Ukrainian city of Kreminna in the Luhansk region after days of street-to-street fighting.
“The city of Kreminna has reportedly fallen and heavy fighting is reported south of Izium as Russian forces attempt to advance towards the cities of Sloviansk and Kramatorsk from the north and east,” the British military said in a tweet. It did not say how it knew the city, 575 kilometres south-east of the capital, Kyiv, had fallen. The Ukrainian government did not immediately comment.
About 15,000 Russian troops have been killed in the 61 days since the full-scale invasion of Ukraine was launched, according to the UK.
Defence Secretary Ben Wallace also told MPs on Monday that more than 2,000 of Russia’s armoured vehicles have either been destroyed or captured as he outlined further UK support for Ukraine to help defend its territory.
With Russia switching its attention to further occupying the Donbas region in the south-east, Mr Wallace confirmed a “small number” of Stormer armoured vehicles fitted with anti-air missile launchers will be given to Ukraine.
Making a statement to the House of Commons, Mr Wallace said: “It is our assessment that approximately 15,000 Russian personnel have been killed during their offensive.
“Alongside the death toll are the equipment losses and in total a number of sources suggest that to date over 2,000 armoured vehicles have been destroyed or captured.
“This includes at least 530 tanks, 530 armoured personnel carriers and 560 infantry fighting vehicles.
“Russia has also lost over 60 helicopters and fighter jets.”
Mr Wallace said Ukrainian forces have been using Starstreak high-velocity and low-velocity anti-air missiles for more than three weeks.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
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Ballon d’Or shortlists
Men
Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)
Women
Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Ruwais timeline
1971 Abu Dhabi National Oil Company established
1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants
1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed
1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.
1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex
2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea
2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd
2014 Ruwais 261-outlet shopping mall opens
2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies
2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export
2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.
2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery
2018 NMC Healthcare selected to manage operations of Ruwais Hospital
2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13
Source: The National
Teaching your child to save
Pre-school (three - five years)
You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.
Early childhood (six - eight years)
Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.
Middle childhood (nine - 11 years)
Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.
Young teens (12 - 14 years)
Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.
Teenage (15 - 18 years)
Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.
Young adulthood (19 - 22 years)
Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.
* JP Morgan Private Bank
Read more about the coronavirus
Global institutions: BlackRock and KKR
US-based BlackRock is the world's largest asset manager, with $5.98 trillion of assets under management as of the end of last year. The New York firm run by Larry Fink provides investment management services to institutional clients and retail investors including governments, sovereign wealth funds, corporations, banks and charitable foundations around the world, through a variety of investment vehicles.
KKR & Co, or Kohlberg Kravis Roberts, is a global private equity and investment firm with around $195 billion of assets as of the end of last year. The New York-based firm, founded by Henry Kravis and George Roberts, invests in multiple alternative asset classes through direct or fund-to-fund investments with a particular focus on infrastructure, technology, healthcare, real estate and energy.
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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
The specs
BMW M8 Competition Coupe
Engine 4.4-litre twin-turbo V8
Power 625hp at 6,000rpm
Torque 750Nm from 1,800-5,800rpm
Gearbox Eight-speed paddleshift auto
Acceleration 0-100kph in 3.2 sec
Top speed 305kph
Fuel economy, combined 10.6L / 100km
Price from Dh700,000 (estimate)
On sale Jan/Feb 2020
Global Fungi Facts
• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil
More from Rashmee Roshan Lall
Madrid Open schedule
Men's semi-finals
Novak Djokovic (1) v Dominic Thiem (5) from 6pm
Stefanos Tsitsipas (8) v Rafael Nadal (2) from 11pm
Women's final
Simona Halep (3) v Kiki Bertens (7) from 8.30pm
The specs: 2018 Jeep Compass
Price, base: Dh100,000 (estimate)
Engine: 2.4L four-cylinder
Transmission: Nine-speed automatic
Power: 184bhp at 6,400rpm
Torque: 237Nm at 3,900rpm
Fuel economy, combined: 9.4L / 100km
Major matches on Manic Monday
Andy Murray (GBR) v Benoit Paire (FRA)
Grigor Dimitrov (BGR) v Roger Federer (SUI)
Rafael Nadal (ESP) v Gilles Muller (LUX)
Adrian Mannarino (FRA) Novak Djokovic (SRB)