-
Navalny speaks up

Alexander Navalny, Russia’s foremost opposition leader, has been giving a flurry of interviews since surviving an apparent attempt to kill him with a nerve agent in an operation that is assumed to have been ordered by Vladimir Putin – despite denials from the Kremlin.
Navalny runs a network of anti-corruption activists and is said to be the critic President Putin fears most. He is still recovering in Germany after falling ill on a flight to Moscow from Siberia on 20 August. The plane was forced to make an emergency landing and he was briefly treated in a hospital in Omsk before being evacuated to Berlin after a standoff between his family and Russian doctors.
Several European laboratories have since confirmed that he was poisoned with a nerve agent from the novichok group, the type of chemical used against the former intelligence agent Sergei Skripal in Salisbury in the UK in 2018. Earlier this month the Organisation for the Prohibition of Chemical Weapons (OPCW) also concluded that novichok had been used.
The German chancellor Angela Merkel, who visited Navalny in a Berlin hospital, said he was “meant to be silenced.” Merkel, however, has played down the possibility of halting the Nord Stream 2 gas pipeline from Russia to Germany.
But Navalny’s determination was partially rewarded last week by the imposition of sanctions by the EU, targeting Putin’s inner circle. The assets of Alexander Bortnikov, the head of the FSB, the successor to the Soviet KGB, will be frozen, and he will face a travel ban, along with Sergei Kiriyenko, the first deputy chief of staff in Putin’s administration. Four other senior officials will also be targeted. The UK has also imposed sanctions on the same officials.
“Bortnikov …..must have come up with an order calling for the application of ‘active measures’, with Putin signing off on it,” Navalny said in one interview. He is convinced that the reason for his attempted murder was venturing beyond Moscow to Siberia, where he was campaigning against Putin’s ruling United Russia Party.
This is familiar territory for Putin, a KGB veteran who ran the FSB in the late 1990s before becoming Russia’s prime minister and president. Following the poisoning of Alexander Litvinenko in London in 2006 with a radioactive cup of tea, Tony Blair’s government severed all cooperation.
Moscow has strenuously denied any involvement and dismissed claims it targeted Navalny as “absurd”. Russian officials have suggested variously that western intelligence agencies orchestrated the poisoning, Navalny poisoned himself, or that he was not poisoned at all.
In his public statements –designed to protect himself by raising his profile before he returns home – Navalny has insisted that Putin “enjoyed” using poison as a means to silence dissenting voices. The Russian president was using chemical weapons to “both kill me and, you know, terrify others”, he said.
In yet another interview he said that EU action was good, but that his main goal was to prevent corrupt members of Russia’s elite from smuggling their ill-gotten gains to the West. “As for sanctions or blacklists, my position has always been that if developed countries want to help Russia and its citizens and themselves, they should put a roadblock in the path of dirty money leaving Russia. You do not need those …people – those people who invented novichok or used it as a weapon – to block this flow of money that is stolen from our citizens.”
Navalny’s “viral videos have done more than anything to expose the luxurious lifestyles of the Kremlin’s elite,” in the words of one veteran Russia-watcher.
Navalny was also mentioned the other day by a presumably well-informed source - the new head of Britain’s domestic security service, MI5. Ken McCallum revealed in a rare media briefing that the UK is facing a “nasty mix” of national security threats, from hostile state activity by both Russia and China to fast-growing right-wing terrorism – although jihadist plots form the bulk of investigations.
Britain faced threats “up to and including assassinations, as the Navalny case reminds us; threats to our economy, our academic research, our infrastructure and, much discussed, threats to our democracy,” he said. In July the UK accused Russia of trying to steal coronavirus secrets by hacking into research labs in the UK, Canada and the US.
McCallum’s remarks came after UK spy agencies were criticised for failing to take the threat from states like Russia seriously enough. Parliament’s Intelligence and Security Committee accused MI5 and others of “taking their eye off the ball” and failing to scrutinise Moscow’s attempts to influence UK elections. The director-general said MI5 had investigated the possibility of Russia interfering in the 2016 Brexit referendum and not found anything of “significance”. He acknowledged, however, that there were “questions to be posed” about whether British agencies had dedicated enough resources to the threat from Moscow in the early 2000s. “The Russians did not create the things that divide us — we did that.”
Looking to the future, McCallum also said ominously: “You might think in terms of the Russian intelligence services providing bursts of bad weather, while China is changing the climate.”
IAN BLACK
You May Also Like
Popular Posts
Caricature
BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
opinion
Report
ads
Newsletter
Subscribe to our mailing list to get the new updates!