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Putin warns West: Moscow has ‘red line’ about Ukraine, NATO

Russian President Vladimir Putin on Tuesday sternly warned NATO against deploying its troops and weapons to Ukraine, saying it represents a red line for Russia and would trigger a strong response.

Commenting on Western concerns about Russia's alleged intention to invade Ukraine, he said that Moscow is equally worried about NATO drills near its borders.

Speaking to participants of an online investment forum. Putin said that NATO's eastward expansion has threatened Russia's core security interests. He expressed concern that NATO could eventually use the Ukrainian territory to deploy missiles capable of reaching Moscow in just five minutes.

“The emergence of such threats represents a ‘red line’ for us,” Putin said. “I hope that it will not get to that and common sense and responsibility for their own countries and the global community will eventually prevail.”

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He added that Russia has been forced to counter the growing threats by developing new hypersonic weapons.

“What should we do?” Putin said. “We would need to develop something similar to target those who threaten us. And we can do that even now.”

He said a new hypersonic missile that is set to enter service with the Russian navy early next year would be capable of reaching targets in comparable time.

“It would also need just five minutes to reach those who issue orders,” Putin said.

The Zircon hypersonic cruise missile, capable of flying at nine times the speed of sound to a range of 1,000 kilometers (620 miles), has undergone a series of tests, most recently Monday.

Ukrainian and Western officials have expressed worries this month that a Russian military buildup near Ukraine could signal plans by Moscow to invade its ex-Soviet neighbor. NATO foreign ministers warned Russia on Tuesday that any attempt to further destabilize Ukraine would be a costly mistake.

The Kremlin has insisted it has no such intention and has accused Ukraine and its Western backers of making the claims to cover up their own allegedly aggressive designs.

Russia annexed Ukraine’s Crimean Peninsula in 2014 after the country’s Kremlin-friendly president was driven from power by mass protests and also threw its weight behind a separatist insurgency that broke out in Ukraine’s east.

Earlier this year, a spike in cease-fire violations in the east and a Russian troop concentration near Ukraine fueled war fears, but tensions abated when Moscow pulled back the bulk of its forces after maneuvers in April.

Putin argued that to avoid tensions, Russia and the West should negotiate agreements that would safeguard each party's security interests.

“The matter is not whether to send troops or not, go to war or not, but to establish a more fair and stable development and taking into account security interests of all international players,” he replied when asked if Russia was going to invade Ukraine. “If we sincerely strive for that, no one will fear any threats.”

The Russian leader noted that Russia has worried about NATO drills near its borders, pointing at a recent exercise that involved US strategic bombers.

“Strategic bombers, which carry precision weapons and are capable of carrying nuclear weapons, were flying as close as 20 kilometers (12 miles) to our border,” Putin said. “That represents a threat for us.”

After the buildup of Russian troops near Ukraine early this year, Putin and US President Joe Biden held a June summit in Geneva, where they agreed to launch a dialogue on strategic stability and cybersecurity. Putin on Tuesday hailed the cybersecurity discussions between Russian and US experts, saying “just as with the pandemic, it's necessary to pool efforts to work efficiently.”

Asked about reports on plans for a Biden-Putin call next month, White House press secretary Jen Psaki told reporters Tuesday aboard Air Force One that she doesn’t have “anything to predict or preview at this point,” adding that “obviously, we remain in touch as a follow up to the summit this summer, at a high level with Russian counterparts.”

Responding to a question about the threat of a Russian invasion in Ukraine, Psaki said “we’re deeply concerned about the heightened rhetoric, about the reported military buildup on the border.”

In Russia, when asked about Biden possibly seeking a second term, Putin said he thought that would help political stability in the US. The Russian leader drew a parallel with his own reelection plans.

Even though Putin hasn't decided yet whether to seek another term before his current one ends in 2024, he said the possibility of him staying on has helped Russia's stability.

The 69-year-old president has been in power for more than two decades — longer than any other Kremlin leader since Soviet dictator Josef Stalin. Constitutional amendments approved in 2020 reset Putin’s previous term limits, allowing him to run for president two more times and hold onto power until 2036.

“In line with the constitution, I have the right to get elected to seek a new term, but I haven't yet made up my mind whether to do it or not," Putin said. “But the very existence of that right already stabilizes the domestic political situation.”

Asked about China's nuclear buildup, Putin said that Russia isn't worried about it, adding that close ties between Moscow and Beijing are a “major factor of global stability.”

Read more:

NATO chief warns Russia of ‘costs’ if it attempts to invade Ukraine

Russia will invade Ukraine in new year, says Kiev’s chief of defense intelligence

US Blinken warns Russia on any renewed aggression in Ukraine

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Saudi Fund for Development Celebrates 50 Years of Global Impact with Over $20 Billion in Development Contributions

The Saudi Fund for Development (SFD) celebrated its 50th anniversary in Riyadh today, under
the theme “50 Years of Global Impact.”The event brought together key development partners to
reflect on the SFD’s significant contributions to sustainable development worldwide. Over the
past five decades, the SFD has allocated over $20 billion, financing more than 800 development
projects and programs in vital sectors, including social infrastructure (education, healthcare,
water and sewage, and housing and urban development), communication and transportation
(roads, railways, airports and seaports), energy, agriculture, mining and industry, and others.
Since its inception in 1974, the SFD has been the international development arm of the Kingdom
of Saudi Arabia and has provided critical support to over 100 developing nations around the
world. With a strong focus on supporting countries to achieve the Sustainable Development
Goals (SDGs), the SFD has played a pivotal role in driving sustainable development in Least
Developed Countries (LDCs) and Small Island Developing States (SIDS).
During the event, SFD Chairman H.E. Ahmed Al-Khateeb emphasized the importance of
collaboration in driving global development. He highlighted that SFD’s success is deeply rooted
in its partnerships, with 27 development projects and programs in 23 developing countries in
2023 co-financed with other funders. He also underscored the need to forge new partnerships and
strengthen existing ones to create a world where every individual has the opportunity to reach
their full potential.
Reflecting on this significant milestone, the SFD CEO , Mr. Sultan bin Abdulrahman Al-
Marshad, stated: “As we celebrate five decades of impactful work, we are committed, now more
than ever, to supporting developing countries on their journey to economic self-reliance and
resilience. Our goal is to ensure that all children can go to school, that education is not a
privilege but something every child should have access to, and that families have access to
healthcare and basic vital services. Equally, we focus on critical infrastructure development, like
building roads and enhancing airports and sea ports, so that countries can thrive and engage in
economic activities and trade. This work is not just about financing; it’s about tangibly
improving lives, creating opportunities, empowering communities, and building a more
prosperous future.”
On the sidelines of the 50 th Anniversary Gala, the SFD and the Asian Development Bank (ADB)
signed a new $25 million agreement to co-finance a renewable energy development project in the
Solomon Islands. This marks the first project for SFD in the Solomon Islands. The primary aim

of the project is to develop renewable energy infrastructure, reduce dependency on fossil fuels,
and promote sustainable development in the region.
This agreement builds on SFD’50 years of transformative impact through development projects
that have spanned Africa, Asia and the Pacific, Latin America and the Caribbean, and Eastern
Europe.
This includes key projects such as the Metolong Dam in Lesotho, which received $25 million in
funding and now provides potable water to 280,000 people, enhancing water security and public
hygiene and health in the region. This is just one of the 433 projects across Africa, with a total
funding of $11.5 billion, which focuses on critical areas such as infrastructure and water security.
In Asia, the SFD has funded 271 projects with a total funding of $7.8 billion. One notable
example is the SFD’s contribution to the Mohmand Dam Hydropower Project in Pakistan, which
has an overall project cost of $240 million. The projects contributes to the country’s energy
security and flood resilience by generating 800 megawatts of renewable energy and storing 1.6
million cubic meters of water.
In Latin America and the Caribbean, the SFD has financed 21 projects, totaling $951 million
USD. This includes rehabilitating the Water and Sewage System in Havana, Cuba, where the
SFD has allocated $35 million to enhance public infrastructure. Another significant initiative is
the rebuilding of St. Jude Hospital in Saint Lucia, supported by $75 million funding, which will
contribute to providing high-quality health services to citizens in a modern and sophisticated
facility and providing sufficient medical supplies and equipment to support the effective
operation of the hospital.
In Eastern Europe, the SFD has contributed to 14 projects with a total investment of $303
million. A key initiative is the construction of the Tirana-Elbasan-Chokos-Chalf-Ploce Road,
where the SFD provided $73.8 million to rebuild essential roads and bridges, thereby boosting
regional economic activities.
During the celebration, esteemed speakers shared insights on the SFD’s pivotal role in global
development, and in championing critical partnerships and collective action and response.
Keynote speakers included:

 HRH Prince Turki bin Faisal Al Saud, Founder and Trustee of the King Faisal
Foundation
 H.E. Ahmed bin Aqeel Al-Khateeb, Chairman of the Board of Directors of the SFD
 H.E. Akinwumi Adesina, President of the African Development Bank Group
 H.E. Muhammad Al Jasser, Chairman of the Islamic Development Bank

These global development leaders emphasized the SFD’s commitment to fostering sustainable
growth in countries and communities with the most pressing developmental needs. The gala was attended by more than 500 people, including ministers, heads of regional and international organizations, ambassadors, representatives of the United and other distinguished
guests. As the SFD looks to the future, it reaffirms its mission and pledge to drive international
development efforts, on behalf of the Kingdom of Saudi Arabia, and to contribute to global
stability, social progress, and economic prosperity for future generations.

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Jordan warns of escalation in southern Lebanon

Jordan warned on Sunday of the increasing escalation in southern Lebanon and a potential regional war in light of the ongoing Israeli aggression in Gaza, Jordan News Agency (Petra) reported.

Foreign Ministry spokesperson Sufian Qudah discussed supporting Lebanon, its security, stability and the safety of its people and institutions, noting the need to adhere to Security Council Resolution 1701 to reduce and prevent further escalation and protect the region from the risk of slipping into a regional war.

Qudah added that the Israeli war on Gaza and the failure to reach an exchange agreement that leads to an immediate and permanent ceasefire puts the entire region at risk of the conflict expanding.

He discussed launching an effective international movement that imposes an immediate cessation of the aggression on Gaza.

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China issues guidelines for coordinated digital, green transformation

China’s Office of the Central Cyberspace Affairs Commission and nine central departments have issued new guidelines for the coordinated transformation toward digital development and green growth, Xinhua News Agency reported.

Published on Saturday, the guidelines focus on two main areas: promoting the green, low-carbon development of digital industries and accelerating the green transformation of various sectors through digital technology.

They aim to accelerate the coordinated transformation toward digital development and green growth, promote the integration of emerging technologies with green, low-carbon industries, and enhance traditional industries using digital and green technologies.

Outlining fundamental principles, the guidelines specify the roles of authorities, industry associations, universities, research institutes and businesses in driving this transition.

They provide a three-part framework covering the basic capacity, technological systems and industrial systems for digital-green integration.

Regions are encouraged to focus on high-quality development, develop new quality productive forces, leverage local resources and create specialized industries and functional advantages to accelerate coordinated digital and green development.

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