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President Zelenskyy hosts talks with UN chief and Turkey leader

Turkey’s president and the U.N. chief met with Ukrainian President Volodymr Zelenskyy on Thursday (August 18) in a high-stakes bid to ratchet down a war raging for nearly six months, boost desperately needed grain exports and secure the safety of Europe’s biggest nuclear power plant.
The gathering, held far from the front lines in the western Ukrainian city of Lviv, near the Polish border, marked the first visit to Ukraine by Turkey’s Recep Tayyip Erdogan since the outbreak of the war, and the second by U.N. Secretary-General António Guterres.
Erdogan has positioned himself as a go-between in efforts to stop the fighting. While Turkey is a member of NATO — which backs Ukraine in the war — its wobbly economy is reliant on Russia for trade, and the country has tried to steer a middle course.
At the meetings, Turkey agreed to help rebuild Ukraine’s infrastructure, including roads and bridges, and Zelenskyy asked Guterres to seek U.N. access to Ukrainian citizens deported to Russia, according to the Ukrainian president’s Website. Zelenskyy also requested U.N. help in freeing captured Ukrainian soldiers and medics.
Posted by Володимир Зеленський on Thursday, August 18, 2022
On the battlefield, meanwhile, at least 11 people were killed and 40 wounded in heavy Russian missile strikes on Ukraine’s Kharkiv region on Wednesday night and Thursday morning, Ukrainian authorities said.
Russia’s military claimed that it struck a base for foreign mercenaries in Kharkiv, killing 90. There was no immediate comment from the Ukrainian side.
Heightening international tensions, Russia deployed warplanes carrying state-of-the-art hypersonic missiles to the country’s Kaliningrad region, an enclave surrounded by two NATO nations.
Posted by Володимир Зеленський on Thursday, August 18, 2022
The three leaders’ agenda included the Russian-controlled Zaporizhzhia nuclear plant in southern Ukraine. Moscow and Kyiv have accused each other of shelling the complex, and the fighting has raised fears of a nuclear catastrophe.
In his nightly video address Wednesday, Zelensky reaffirmed his demand for the Russian military to leave the plant, emphasizing that “only absolute transparency and control of the situation” by, among others, the U.N.’s International Atomic Energy Agency, could guarantee nuclear safety.
Zelenskyy and Guterres agreed Thursday on arrangements for an IAEA mission to the plant, the Ukrainian president’s website reported. It wasn’t immediately clear if Russia would agree to those terms. Zelenskyy asked Guterres to ensure the safety of the plant, including its demilitarization.
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Concerns about the plant mounted Thursday when Russian and Ukrainian authorities accused each other of plotting to attack the site and then blame the other side.
Earlier this month, Erdogan met in Russia with Russian President Vladimir Putin to discuss the fighting. And last month, Turkey and the U.N. helped broker agreements clearing the way for Ukraine to export 22 million tons of corn and other grain stuck in its Black Sea ports since Russia invaded Feb. 24. The agreements also sought to clear roadblocks to exports of Russian food and fertilizer to world markets.
The war has significantly worsened the global food crisis because Ukraine and Russia are major suppliers of grain. Developing countries have been hit particularly hard by shortages and high prices, and the U.N. has declared several African nations in danger of famine.
UN chief Guterres to meet Zelenskyy and Erdogan in Ukraine on Thursday
Yet even with the deal, only a trickle of Ukrainian grain exports has made it out. Turkey’s Defense Ministry said more than 622,000 tons of grain have been shipped from Ukrainian ports since the deal was reached.
At a news conference Thursday in Lviv, Guterres touted the success of the grain export agreements but added, “There is a long way to go before this will be translated into the daily life of people at their local bakery and in their markets.”
The discussions about an overall end to the war that has killed untold thousands and forced over 10 million Ukrainians to flee their homes were not expected to yield anything substantive.
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In March, Turkey hosted talks in Istanbul between Russian and Ukrainian negotiators, but the effort to end the hostilities failed, with the two sides blaming each other.
Erdogan has engaged in a delicate balancing act, maintaining good relations with both Russia and Ukraine. Turkey has provided Ukraine with drones, which played a significant role in deterring a Russian advance early in the conflict, but it has refrained from joining Western sanctions against Russia over the war.
Turkey is facing a major economic crisis, with official inflation near 80%, and is increasingly dependent on Russia for trade and tourism. Russian gas covers 45% of Turkish energy needs, and Russia’s atomic agency is building Turkey’s first nuclear power plant.
Ukraine issues ban on Russian language literature courses
Sinan Ulgen of the Istanbul-based EDAM think tank characterized Turkey’s diplomatic policy as being “pro-Ukraine without being anti-Russia.”
“Turkey believed that it did not have the luxury to totally alienate Russia,” Ulgen said.
Source: ap
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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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