Putin warns Russia won’t hesitate to use ‘weapons no other country possesses’
April 28, 2022, 6:16 am

Putin warns Russia won’t hesitate to use ‘weapons no other country possesses’

Russian president Vladimir Putin (File photo: Facebook page)

The We For News reported, Russian President Vladimir Putin has warned outside forces against interfering in the Ukraine conflict, promising a “lightning-speed” response to such actions, with the use of Moscows most advanced weaponry.

Putin said in an address to lawmakers on Wednesday (Apr 27), RT reported: “If someone decides to intervene in the ongoing events from the outside and create unacceptable strategic threats to us, they should know that our response to those oncoming blows will be swift, lightning-fast."

The President said, without specifying which tools could be deployed: “We have all the tools to do this. Tools that no one except us can brag about. But we’re not going to brag. We’ll use them if such a need arises."

H added that Russian authorities have already made all necessary decisions to prepare for such a response.

Vladimir Putin has warned outside forces against interfering in the Ukraine conflict, promising a “lightning-speed” response to such actions, with the use of Moscows most advanced weaponry (File photo: Facebook page)

RT reported that last week, Russia had successfully tested its state-of-the-art RS-28 Sarmat inter-continental ballistic missile. The new nuclear-capable missile can carry several Avangard hypersonic gliders, which are said to be able to bypass any existing air defence due to their extreme speed and ability to make constant maneuvers during their flight.

Unlike Russia, the US and its NATO allies currently have no hypersonic weapons in service.

Russia will make 'proportional response' if Britain continues to provoke Ukraine

Western countries have been actively supplying Kiev with weapons, including anti-tank and anti-aircraft missile systems, armoured vehicles and howitzers, since the start of the conflict with Russia. They have also imposed harsh sanctions aimed at reducing Russia’s ability to fund its military campaign.

However, the US and its allies have so far ruled out NATO boots on the ground or a no-fly zone over Ukraine, over fears of a direct conflict with Russia.

Moscow has repeatedly slammed the deliveries of lethal aid to Ukraine, saying they only destabilise the situation and hamper the prospects of peace.

Russia to suspend natural gas supplies to Poland and Bulgaria from April 27

On Tuesday, Russia’s Foreign Minister Sergey Lavrov had accused NATO of “essentially going to war with Russia through a proxy and arming that proxy”.

Source: wefornews

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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.