Germany backs EU proposals for Russian oil ban

The Times, May 3, 2022

Event

The European Union is moving towards a ban on Russian oil by the end of the year amid divisions over the speed of phasing out imports and the impact of the embargo on the cost of living in the West. EU energy ministers held emergency talks in Brussels yesterday before European Commission proposals on new sanctions that are expected over the next 48 hours. In a significant U-turn, Germany is backing the planned oil ban, but there are still difficulties, particularly for small, landlocked central European countries dependent on crude oil supplies from Russia. The German energy ministry hopes to achieve “total” independence from Russian oil within weeks, chiefly by importing more through Rostock in northeast Germany and the Polish port of Gdansk.

Comment

Europe is switching off Russian oil and gas as soon as it possibly can. When this happens it will be an enormous blow to Putin as 37% of its total trade comes from the EU. 40% of Russia’s total revenue comes from oil and gas. Without the flow of this money Russia would quickly go bankrupt. One country the EU is looking to to replace oil and gas is Israel! There is already a pipeline planned from Israel to the EU. Putin will see this as Israel taking his lost income and decide to take it back – hence coming to Israel to take a spoil. Germany (lead nation in the EU) is heavily dependent on Russian oil and gas. It is planning to stop all oil trade with Russia by the end of the year. Germany has also just begun building its first terminal for importing liquefied natural gas from the US and the Middle East. Germany is not part of the Gogian invasion of Israel. Germany invades Israel after Christ has returned and the saints have been judged…

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.  These shall make war with the Lamb, and the Lamb shall overcome them: for he is Lord of lords, and King of kings: (Revelation 17:12-14)

Andy Walton,

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Preceding

Ukraine war is veering fast towards a big power conflict

Sanctions are crippling the economy of ‘Fortress Russia’

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

As Europe Sends $300 Million per day to Russia for Oil and NatGas, TotalEnergies Looks After Customers in Tricky Decision

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5. Northern Hemisphere time of Spring & War in Ukraine
6. The Guardian’s view on Ukraine for the second half of April 2022
7. The Telegraph’s Weekly view 2022 April 30 – May 6
8. The Week from 01-07 May 2022 according to The Week
9. G7 agreed to ban or phase out Russian oil and gas imports
10. Stories to read in the week of 2022 May 05-11
11. Signs of the Times – “Distress of nations …”
12. Will the Russian War in Ukraine reset World diplomacy?
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17. Can turning down our radiators turn up the heat on Putin?
18. Trade surpluses vs Most sweeping set of sanctions ever aimed at a country since World War 2

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