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Putin’s Inevitable Failure in Ukraine

The Russian invasion of Ukraine is entering a fourth week of fierce field combat, wherein varied formats of traditional, urban, and cyber warfare have been employed. In parallel, a cluster of frantic mediation efforts, and desperate talks about unrealistic proposals for peace, have failed in figuring out the specific strategic goals that the Russian President Vladimir Putin is trying to achieve by killing tens of thousands of innocent civilians, including children, and forcing millions of Ukrainians to leave their homeland and seek refuge elsewhere.
However, we at least know that, so far, Putin has failed in realizing the objective that he deceitfully claimed, at the beginning of the war, to justify his unjustifiable assault on Ukraine. That is; pushing the NATO away from Russia’s borders. Clearly, Putin’s lie has backfired at him. By invading Ukraine, Putin forced the NATO allies to move too close to Russia’s borders.
Ukraine, which had zero number of foreign or NATO military bases or support before the war, is now receiving billions of dollars in aid and advanced military equipment from Europe and the United States. Last week, the United States President, Biden, signed a bill to provide 13.6 billion dollars in emergency aid to Ukraine. The package is divided into three categories: a sum of 3.5 billion dollars is allocated to securing arms and other defense equipment for the Ukrainian military, including advanced American-made anti-missile systems, while 4 billion dollars are allocated for humanitarian aid, and 3 billion dollars will be used by the United States for deploying American troops to the NATO countries surrounding Ukraine.
Needless to mention the Turkish-made TB-2 drones – Unmanned Aerial Vehicles (UAVs) – which the Ukrainian military has been skillfully using, since the beginning of the war, to prevent Russia from gaining leverage by dominating the sky. The same drones were used in the Karabakh war between Azerbaijan and Romania, in 2020, and played a tremendous role in Azerbaijan’s victory. In a conversation between the Russian and Turkish presidents, a few months ago, Putin noted that he is concerned by the increasing use of Turkish-made drones in conflicts around Russia.
Even more, thanks to this war, the thirty allies of NATO are showing an unprecedented sense of unity, on policy and military levels, as they chose to put aside their internal disputes and rather focus, with full determination, on finishing Putin’s tyranny. One main highlight of the growing cohesion among the NATO allies is the accelerated rapprochement between the two historical frenemies – Turkey and Greece. Both countries joined the NATO at the same time, in 1952. They are, literally, the gatekeepers of NATO’s southeastern borders.
However, the long decade of geopolitical disputes over maritime rights in the Mediterranean and the Aegean Sea have kept them in a political and diplomatic standoff that reached a peak point of military harassment using jet fighters and naval forces, in the eastern Mediterranean, in the summer of 2020. However, thanks to the economic and security global and regional crises resulting from the Russian invasion of Ukraine, there is a strong hope that the historical disputes between the two Mediterranean neighbors could be realistically resolved.
Meanwhile, Putin is drowning himself and his country further into the dark hole of his inflated ego. The Russian military, which had deployed to implement a short-term “special military operation” in Ukraine, has been awfully strained on six fronts at eastern, southern, and northern borders of Ukraine, for four weeks. The Ukrainian army, alongside urban fighters, are showing hell to the morally defeated Russian troops, who are struggling with the guilt of killing their cousins for reasons they cannot fully accept.
In a desperate move to put a limit to draining his military troops and equipment, and depleting Russia’s economic resources, on a war that he should not have entered in the first place, Putin is now looking into recruiting mercenaries from Syria to help his army. According to Ukraine’s Military Intelligence report, released last week, the Russia-owned Hamim military base in Syria, received orders from Moscow to prepare and deploy 300 fighters/ mercenaries per day to fight in Ukraine. However, on March 15th, which marked the beginning of the third week of the war, the Russian base in Syria could only send 150 mercenaries, two days after, 30 of these mercenaries got badly injured and had to return to Latakia, Syria.
On March 8th, the British Minister of Defense, Ben Wallace, told media that the current war between Russia and Ukraine marks the end of Putin’s legacy. “Whatever happens, President Putin is a spent force in the world and he is done, his army is done, and he needs to recognize that.” Wallace, also, highlighted that Putin has become a burden on Russia. “He has exhausted his army, he is responsible for thousands of Russian soldiers being killed, responsible for innocent people being killed. He is reducing his economy to zero. He has to take responsibility for that.”
As the war concluded a third week, Putin expressed that he got offended by U.S. President Biden describing him to journalists as a “war criminal.” Ironically, on the morning of March 16th, the United Nation’s International Court of Justice (IJC) ruled that Putin has committed a crime, in the definition of international law, by invading Ukraine and called upon to Russia to immediately end its intervention on Ukraine. Indeed, invading a sovereign state and killing innocent civilians is a grieve crime that Putin purposefully committed with cold blood. Yet, the good news is that he has already started to pay for his irreversible failures in Ukraine.
BY: Dalia Ziada
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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.
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