Russian army lost over 70 thousand of soldiers, Ukraine says
October 29, 2022, 5:21 pm

Russian army lost over 70 thousand of soldiers, Ukraine says

Tank forces in Ukraine - 📷 128th separate mountain assault brigade via Euromaidan Press

The Ukrainian General Staff claimed that Russia has lost 70 thousand 250 soldiers since February 24, when it declared war on Ukraine, and 550 soldiers died on the last day.

In a statement made by the Ukrainian General Staff, it was claimed that a total of 70 thousand 250 Russian soldiers were neutralized since the beginning of the war, and 550 soldiers from the Russian army died on the last day.

It also emphasized that 273 aircraft, 252 helicopters, 2 thousand 659 tanks, 5 thousand 401 armored vehicles, 1708 cannons, 380 rocket launchers and 195 air defense systems belonging to the Russian army were destroyed by Ukraine.

The statement, which said that 4,107 vehicles, 16 ships, light speedboats, and 1406 unmanned aerial vehicles belonging to the Russian army were also destroyed, added that 351 cruise missiles launched by the Russian army were also shot down by the Ukrainian air defense units.

Russian Defense Minister Sergei Shoigu announced on September 21 that 5,937 Russian soldiers lost their lives in the war in Ukraine.

The Ukrainian General Staff claimed that Russia has lost 70 thousand 250 soldiers since February 24, when it declared war on Ukraine, and 550 soldiers died on the last day - Photo. Shutterstock

Putin declared a "partial mobilisation" of 300,000 reservists on Sept. 21, after a series of military defeats saw Russian forces routed from east Ukraine's Kharkiv region and under increasing pressure in the southern Kherson region.

Russian Defence Minister Sergei Shoigu on Friday (Oct 28) said that the "partial mobilisation" of 300,000 reservists to fight in Ukraine that Russia announced in September was complete.

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Speaking at a meeting with Russian President Vladimir Putin broadcast on state television, Shoigu told Putin: "The task set by you of (mobilising) 300,000 people has been completed. No further measures are planned."

The "partial mobilisation" touched off an exodus of military age men from Russia, with tens of thousands heading for countries including Georgia, Armenia and Kazakhstan, which allow Russians to enter without visas.

Over 2,000 people arrested at anti-mobilisation protests across Russia. There was public outcry over cases of men being mobilised despite medical exemptions, or a lack of military experience.

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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.