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The Ukrainian War Is a Proxy War Par Excellence

The war in Ukraine is developing so frighteningly that it is impossible to predict what will come next. All the players involved in this war began to reveal their intentions and goals directly after they did so indirectly during the first weeks of the conflict.
The war undoubtedly has turned into a proxy war between the US-led NATO and the successor of the Soviet Union, viz., Russia. The reason for this rapid and dramatic transformation, whether on the ground or in the media, is that this war is taking place in Europe between two historical arch-rivals, foreshadowing once again that the old continent could be a springboard for a potential third world war.
On the 25th of last month, the US Secretary of Defence Lloyd Austin said that “The United States’ goals in the war were not only to protect Ukraine as a democratic, sovereign country but also to “weaken” Russia as a military power”.
Later, Austin chaired a meeting of defence ministers from 40 countries at NATO Air Command headquarters in Germany in order to coordinate to help Ukraine confront Russia.
This was followed by the US House of Representatives passing a bill to revive a World War II-era law only to increase aid to Ukraine. This law facilitates the export of arms, ammunition, and other military equipment to Ukraine.
The move coincided with US President Joe Biden's request to Congress to approve a massive additional budget of $33 billion to help Kyiv in its fight against Russia. $20 billion of this aid will be for weapons, ammunition, and other military aid.
Added to all this is the unlimited US intelligence support for the Ukrainian army in identifying and bombing important Russian targets. This support has proven to be effective in inflicting heavy losses on the Russian army.
All this indicates that the war in Ukraine is a proxy war between Russia and Ukraine, which is fighting on behalf of NATO. Thus, this war has become a miniature world war in terms of geography, but in political and ideological terms it is undoubtedly an international war.
The unlimited US and Western involvement in this war is not for the sake of Ukraine's sovereignty, as Western officials say, but rather for the sake of Western security. The United States is concerned about the collapse of the Western “international” system and the unipolar system that prevailed after the collapse of the Soviet Union in 1991.
Therefore, Washington and NATO hawks are mobilised militarily, in intelligence, politically and diplomatically to help Ukraine resist the Russian invasion. The US aim has become to prolong the war in Ukraine and turn it into a quagmire to drain Russia.
Washington realises that if Russia succeeds in achieving its goals in Ukraine, Putin will continue his efforts to restore the glories of the collapsed Soviet Union by invading neighbouring countries that were once Soviet republics.
This, in turn, will lead to the end of the US-led unipolar international system, and the emergence of a bipolar or multipolar system. Especially after the American unipolar system has proven its failure to lead the world towards peace and prosperity or to solve its growing and cumulative problems.
In addition, Washington is well aware that if Moscow is relatively successful in achieving its objectives in Ukraine, this will encourage China to annex Taiwan. As a result, Uncle Sam will have a difficult and possibly impossible confrontation with the Russian Bear and the Chinese Dragon. This threatens to erupt a third world nuclear war, deadly and devastating for all, and will turn the Earth into a veritable inferno where the effects will last for centuries.
Russia, after it failed in plan A to take control of Kyiv and install a loyal government, moved to plan B, which is to control eastern Ukraine, after realising that the West is trying to turn Ukraine into a trap to drain the Russian military power. But in the same sense, it can be said that Russia has succeeded to a certain extent to turn Ukraine into a drain quagmire for NATO, where billions of dollars have been spent on military and humanitarian aid to Ukraine.
Yes, the Ukraine war is a proxy war between Putin's Russia seeking to turn back the clock, and the U.S who has an insatiable appetite, desire and hunger for power and hegemony. In addition to an immature Ukrainian president who became Washington's puppet, he was falsely and misleadingly likened to Winston Churchill during World War II.
BY: Jwan Dibo
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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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