Volodymyr Zelensky pleads for arms as Russian forces lay siege to Severodonetsk
June 14, 2022, 9:27 am

Volodymyr Zelensky pleads for arms as Russian forces lay siege to Severodonetsk

One of the soldiers of the Prince Kostiantyn Ostrozky 30th Separate Mechanized Brigade deployed somewhere in Donetsk Oblast - Euromaidan Press

The Arabnews reported, citing the AFP, Ukraine’s president has made an impassioned plea to Western allies to speed arms deliveries and help stem “terrifying” casualties as Russian forces lay siege to the eastern city of Severodonetsk, destroying the last bridges into the industrial hub.

The cities of Severodonetsk and Lysychansk have been targeted for weeks as the last areas in the eastern Donbas region of Lugansk still under Ukrainian control.

President Volodymyr Zelensky said Monday (June 13) the human cost of the battle for the region was “simply terrifying.”

Zelensky expressed confidence in Ukraine’s ability to reclaim territory, calling on the nation’s allies to send more weapons.

On Sunday (May 29), president Volodymyr Zelensky made his first trip outside Kyiv since the beginning of the Russian invasion. He visited Ukrainian troops on the frontlines in the northeastern Kharkiv region - Photo: President Zelensky Facebook account

“We just need enough weapons to ensure all of this. Our partners have them.”

Presidential adviser Mikhaylo Podolyak on Monday listed items he said the Ukrainian army requires, including hundreds of howitzers, tanks and armored vehicles.

Volodymyr Zelensky slams Emmanuel Macron's comments on Russia

He tweeted: “Being straightforward — to end the war we need heavy weapons.”

Regional governor Sergiy Gaiday said Monday that Ukraine’s forces had been pushed back from Severodonetsk’s center after a weeks-long Russian offensive.

He told Radio Free Europe: “They destroyed all the bridges, and getting into the city is no longer possible. Evacuation is also not possible.”

He said Russian forces control 70 to 80 percent of the city but had not captured or encircled it.

Volodymyr Zelensky denies Russian breakthrough in Donbass

Last week, Ukraine’s defense minister said up to 100 of his troops were dying daily and 500 sustaining injuries. Previously, Zelensky had estimated 60-100 Ukrainian soldiers were dying daily.

Eduard Basurin, a representative for pro-Russian separatists, said that with the screws tightening on the Lugansk region, Ukrainian forces have two choices: “to surrender or die."

The capture of Severodonetsk would open the road to Sloviansk and another major city, Kramatorsk, in Moscow’s push to conquer Donbas, a mainly Russian-speaking region partly held by pro-Kremlin separatists since 2014.

Source: arabnews

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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.