Russia is still stealing Ukrainian grain and delivering shipments to its allies despite the UN-brokered deal lifting Moscow’s blockade of Ukraine's Black Sea ports, a senior US official said on Friday.
Jim O’Brien, the US State Department’s head of the Office of Sanctions Co-ordination, said the stolen grain is not reaching its ultimate destination — the World Food Programme (WFP).
“That’s going for Russia's friends. There was one ship [the Razoni] that went to Syria,” Mr O’Brien said in a press briefing.
“Russia is stealing it and sending it to its political allies.”
Forty per cent of the WFP's grain is supplied by Ukraine.
This week, satellite images showed that the Razoni, the first vessel carrying Ukrainian grain to leave under a deal to unblock Black Sea ports following the Russian invasion, has ended up in Syria.
And on Thursday, Ukraine’s embassy in Beirut said in a statement to AFP that a Russian cargo ship carrying stolen Ukrainian grain, the SV KONSTANTIN, had also docked in the country.
Mr O'Brien said the US is working with UN humanitarian programmes to ensure the delivery of grain shipments.
Isobel Coleman, the deputy administrator for policy and programming at the US Agency for International Development (USAID) said Washington is allocating $68 million in additional funding to the WFP “to purchase, move and store up to 150,000 metric tonnes of Ukrainian wheat to support ongoing emergency food assistance in countries facing severe crises”.
Ms Coleman hailed the first shipment of humanitarian food aid that left the port of Odesa on Thursday, carrying 23,000 metric tonnes of wheat to Ethiopia.
She said Russia's five-month blockade of Ukraine's Black Sea ports has trapped more than 20 million tonnes of grain inside the country.
It is estimated that about eight million tonnes of grain have left Ukraine.
Ms Coleman called the reopening of Odesa and the resumption of humanitarian shipments “a huge moment”.
But despite the new agreement rolling back the blockade, US officials remain dubious of Russia's good faith.
“When you're dealing with Russia, you always need a Plan B and a Plan C and a Plan D,” she added.
“I wouldn't trust the Russians on many things at this point.”
US President Joe Biden's latest security assistance package for Ukraine includes surveillance drones and mine-resistance vehicles, a senior US defence official said on Friday.
The official, speaking on the condition of anonymity, said the package would be valued at $775m and also include additional ammunition and Howitzer systems. The additional aid was first reported by Reuters on Thursday.
In total, the US has now committed about $9.8 billion in security assistance to Ukraine since Mr Biden took office in January 2021.
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
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
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
Tom Fletcher on 'soft power'
The biog
Born November 11, 1948
Education: BA, English Language and Literature, Cairo University
Family: Four brothers, seven sisters, two daughters, 42 and 39, two sons, 43 and 35, and 15 grandchildren
Hobbies: Reading and traveling
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
MATCH INFO
Uefa Champions League, last-16, second leg (first-leg scores in brackets):
PSG (2) v Manchester United (0)
Midnight (Thursday), BeIN Sports