Moscow Warns of Growing Extremist Influence in Syria.. Sharp Criticism at Security Council
Russia's efforts to issue a statement from the Security Council reflect a diplomatic strategy aimed at restoring Moscow's influence on the course of events in Syria after losing its traditional ally
March 13, 2025, 10:37 pm

Moscow Warns of Growing Extremist Influence in Syria.. Sharp Criticism at Security Council

UN Security Council

Reuters revealed that Russia launched a diplomatic attack on the leadership of the Syrian interim caretaker government during a closed session held at the UN Security Council last Monday, according to sources familiar with the proceedings of the meeting.

The agency quoted two senior sources saying that Moscow directed scathing criticism at the new authorities in Syria, warning of the growing influence of extremist groups in the country.

The same sources indicated that the Russian side compared the sectarian targeting operations that Alawites have been subjected to with the genocide massacres witnessed in Rwanda, in a notable escalation of the Russian tone.

Russia's comments in the closed meeting reflect its strategic approach aimed at restoring its influence and impact on the course of events in the Syrian arena. A diplomatic source reported that the Russian permanent representative stated during the closed session that no one has made real efforts to stop the acts of violence in Syria.

In response to the leak comparing violence in Syria to the Rwandan genocide, the Russian delegate commented: "I say what I want in closed consultations based on them being closed consultations and nothing is supposed to come out of them."

Informed sources revealed that the Russian delegate strongly criticized the decision to dissolve the Syrian army and the significant reduction in public sector workforce numbers, warning of the possibility of repeating the Iraqi scenario in Syria.

Sources explained that Russian diplomacy considered the steps of the Syrian interim transitional president and his government to have established a corrupt basis for political transition after decades of Assad family rule.

Moscow expressed its deep concerns about the destructive role played by foreign fighters classified as terrorists on Syrian territory.

Reuters reported that representatives of the United States, France, and China also confirmed during the closed briefing their concern regarding the presence of foreign fighters in Syria, and about the course of political transition in the country.

Intensive consultations are currently taking place within the corridors of the Security Council regarding drafting a statement condemning the violence in Syria, expressing concern about its impact on escalating tensions between Syrian societal components, and calling on the transitional authorities to protect all Syrians regardless of their ethnic or religious affiliations.

The Russian permanent representative to the United Nations told Reuters: "We hope that the Security Council will soon reach an agreement on a statement addressing the situation in Syria."

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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.