Declassified UK intelligence suggests the Russian military targeted a civilian cargo ship in the Black Sea towards the end of last month.
Missiles were fired from a Russian Black Sea fleet missile carrier on August 24 but were shot down by the Ukrainian armed forces.
One of the intended targets was reportedly a Libyan-flagged cargo ship berthed at the port of Odesa.
Prime Minister Rishi Sunak told the House of Commons about the attack as he updated MPs on his G20 visit.
“I can tell the House today that thanks to declassified intelligence, we know the Russian military targeted a civilian cargo ship in the Black Sea with multiple missiles on August 24, demonstrating just how desperate [President Vladimir] Putin is," he said.
News of the attack comes after Russia withdrew from the Black Sea Grain Initiative, an effort to ship grain out of Ukraine to countries in Africa and other parts of the world which could otherwise face famine.
Mr Sunak criticised Mr Putin in the Commons for not attending the G20, and claimed Russia had destroyed enough food to feed one million people for a year after pulling out of the deal.
“Even as most G20 leaders came together in Delhi in the spirit of co-operation, one did not," the Prime Minister said.
“For two years now, Putin has lacked the courage to face his G20 peers. Day after day his actions cause horrendous suffering in Ukraine, violating the UN Charter, threatening European security and disrupting global energy supplies."
Ukraine and Russia conflict latest - in pictures
“The spillovers have driven up prices here at home and they are hurting people all around the world," Mr Sunak added.
“Russia’s withdrawal from the Black Sea Grain Initiative exposes their willingness to spread that suffering further. While Putin stalls, making unmeetable demands, he is destroying Ukraine’s ports and grain silos.
“In just one month, Russia has destroyed over 270,000 tonnes of grain, enough to feed a million people for a year.”
The assault on the Libyan cargo vessel follows US government warnings that the Russian military could launch attacks on civilian shipping in the Black Sea.
The Russians have reportedly been laying sea mines around Ukrainian ports and have also targeted shipping infrastructure in the country in recent months.
Mr Sunak later suggested in the Commons that he would have liked the G20’s statement on the war in Ukraine to have been stronger.
Liberal Democrat defence spokesman Richard Foord (Tiverton and Honiton) said it was “disappointing” the statement did not explicitly name Russia as the perpetrator of aggression in Ukraine.
“Does the Prime Minister agree with Canada’s liberal Prime Minister Justin Trudeau, who said yesterday that if it were up to him the language on the war would have been stronger?” Mr Foord asked.
“It goes without saying, because this is not the G7, indeed it’s not the G1, it’s not just for us to dictate the language that we ourselves would like," Mr Sunak responded.
“The G20 is a collection of a large group of countries that do not all share the same perspective on global affairs, or indeed the same values, and to assume that it can reflect the unanimity that we have in the G7 is simply to just misunderstand how foreign affairs actually works," he added.
But the Prime Minister also defended the joint statement, adding: “The statement agreed on the significance of securing a comprehensive, just and lasting peace.
"The statement specifically called for an end to attacks on food and civilian infrastructure, for Russia to rejoin the Black Sea Grain Initiative and indeed highlighted the suffering that it’s causing.”
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MATCH INFO
Iceland 0 England 1 (Sterling pen 90 1)
Man of the match Kari Arnason (Iceland)
The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
ARSENAL IN 1977
Feb 05 Arsenal 0-0 Sunderland
Feb 12 Manchester City 1-0 Arsenal
Feb 15 Middlesbrough 3-0 Arsenal
Feb 19 Arsenal 2-3 West Ham
Feb 26 Middlesbrough 4-1 Arsenal (FA Cup)
Mar 01 Everton 2-1 Arsenal
Mar 05 Arsenal 1-4 ipswich
March 08 Arsenal 1-2 West Brom
Mar 12 QPR 2-1 Arsenal
Mar 23 Stoke 1-1 Arsenal
Apr 02 Arsenal 3-0 Leicester
COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)
Date started: August 2021
Founder: Nour Sabri
Based: Dubai, UAE
Sector: E-commerce / Marketplace
Size: Two employees
Funding stage: Seed investment
Initial investment: $200,000
Investors: Amr Manaa (director, PwC Middle East)
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
ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.