EU to snatch Kremlin’s oil and gas profits to rebuild Ukraine

Event 6 April

The European Union is planning to seize a share of Russian energy revenues from gas and oil imports to Europe to pay for the reconstruction of Ukraine. Under the plan a chunk of revenues, which have totalled €19 billion since Russia invaded Ukraine, will be diverted from Russian energy companies to an “escrow” bank account before being used for aid to Kyiv. Ursula von der Leyen, president of the European Commission, signalled the escalation in sanctions when EU ambassadors met to discuss a ban on Russian coal imports and a possible timetable for an oil embargo.

“These sanctions will not be our last sanctions. Yes, we have now banned coal. Now we have to look into oil and the revenues that Russia gets from these fossil fuels,”

she told the European parliament.

“We really have to make an effort, for example to take a share to an escrow account, so that we will really limit the source of revenues of Russia from fossil fuels. This has to end, and this is the next step we will have to take together.”

Comment

Russia relies on selling gas to pay its bills. Russia will earn nearly $321 billion from energy exports this year, an increase of more than a third from 2021. However this calculation changes completely in case of an embargo on energy sales. The invasion of Ukraine has shocked Germany and its European Union allies into a radical shift in energy policy, and the bloc is rushing to cut its dependence on Russia. The war in Ukraine is therefore driving a wedge between the East (Russia) and the West (EU). This division is what we expect to happen.

Revelation 16 makes clear that the dragon (Russia) and the beast (the EU) are separate entities when Armageddon happens. There is no mention of the dragon in Revelation 17 only the beast. This is because the dragon does not exist (is not part of the beast) when it makes war against Christ /saints.

And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.  These have one mind, and shall give their power and strength unto the beast [not Russia]. These shall make war with the Lamb, (Revelation 17:12)

Andy Walton

> Find the Weekly World Watch to download.

 

6 Comments

Filed under Economical affairs, Headlines - News, World affairs

6 responses to “EU to snatch Kremlin’s oil and gas profits to rebuild Ukraine

  1. Pingback: Pledges to send more military assistance to Ukraine and Russian warnings – Belgian Ecclesia Brussel – Leuven

  2. Pingback: Russia seeks to capture all of southern Ukraine in major expansion of war goals – Some View on the World

  3. Pingback: Germany backs EU proposals for Russian oil ban | From guestwriters

  4. Pingback: Can we starve the Russian war-machine | Marcus Ampe's Space

  5. Pingback: Southern Ukrainian city Kherson back in the hands of Ukraine | Marcus Ampe's Space

  6. Pingback: Ukrainian flags fly over Kherson again – Some View on the World

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.