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Putin to Trump: We'll develop new nuclear missiles if you do

Russian President Vladimir Putin warned on Monday that Moscow would start developing short and intermediate-range land-based nuclear missiles if the United States started doing the same after the demise of a landmark arms control treaty.
The U.S. formally left the Intermediate Nuclear Forces (INF) treaty with Russia on Friday after determining that Moscow was violating the treaty and had already deployed one banned type of missile, an accusation the Kremlin denies.
The pact banned land-based missiles with a range of between 310 and 3,400 miles (500-5,500 km), reducing the ability of both countries to launch a nuclear strike at short notice.
Putin on Monday ordered the defence and foreign ministries and Russia’s SVR foreign intelligence service to closely monitor any steps the U.S. takes to develop, produce or deploy missiles banned under the defunct treaty.
“If Russia obtains reliable information that the United States has finished developing these systems and started to produce them, Russia will have no option other than to engage in a full-scale effort to develop similar missiles,” Putin said in a statement.
U.S. officials have said the United States is months away from the first flight tests of an American intermediate-range missile that would serve as a counter to the Russians. Any deployment would be years away, they have said.
Putin issued his warning after holding a meeting with Russia’s Security Council to discuss the U.S. move, which Moscow had argued against for months, warning it would undermine a key pillar of international arms control.
Putin said Russia’s arsenal of air and sea-launched missiles combined with its work on developing hypersonic missiles meant it was well placed to offset any threat emanating from the United States for now.
But he said it was essential for Moscow and Washington, the world’s largest nuclear powers, to resume arms control talks to prevent what he described as an “unfettered” arms race breaking out.
“In order to avoid chaos with no rules, restrictions or laws, we need to once more weigh up all the dangerous consequences and launch a serious and meaningful dialogue free from any ambiguity,” Putin said.
Officials from President Donald Trump’s administration, speaking on condition of anonymity, have said Russia has deployed “multiple battalions” of a cruise missile throughout Russia in violation of the defunct pact, including in western Russia, “with the ability to strike critical European targets”.
Russia denies the allegation, saying the missile’s range put it outside the treaty and rejected a U.S. demand to destroy the new missile, the Novator 9M729, known as the SSC-8 by the NATO Western military alliance.
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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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