Church of God News

One so-called sanction is that western nations seem to think that they have the right to steal yachts of Russia oligarchs. While nations have the right to determine which ships they allow to dock, the idea that they can steal someone’s yacht (and by the way I have never owned a yacht or anything like one) simply because they are Russian is simply wrong. This type of asset seizure may motivate the Russian government to follow suit.

As far as sanctions go, the West has sanctioned Russia for most years since shortly after World War II in one way or the other. This has pushed Russia to be less dependent upon the West than it otherwise likely would have been.

And since the Crimea annexation in 2014, Russia has been under various Western sanctions and was aware that moves into Ukraine would trigger other ones.

So, Russia has been taking steps to prepare.

Now, here is one writer’s view on what Russia will try to do about the sanctions:

How Russia Will Counterpunch the U.S./EU Declaration of War

March 4, 2022

Only self-sufficiency affords total independence. And the Big Picture has also been keenly understood by the Global South. …

A consensus seems to be emerging in Moscow that the Russian economy will stabilize quickly, as there will be a shortage of personnel for industry and a lot of extra hands will be required. Hence no unemployment. There may be shortages, but no inflation. Sales of – Western – luxury goods have already been curtailed. Imported products will be placed under price controls. All the necessary rubles will be available though price controls – as happened in the U.S. in WWII.

A wave of nationalization of assets may be ahead. ExxonMobil announced it will withdraw from the $4 billion Sakhalin-1 project (they had bailed out on Sakhalin-2, deemed too expensive), producing 200,000 barrels of oil a day, after BP and Norway’s Equinor announced they were withdrawing from projects with Rosneft. BP was actually dreaming of taking all of Rosneft’s participation.

According to Prime Minister Mikhail Mishustin, the Kremlin is now blocking asset sales by foreign investors looking to divest. In parallel, Rosneft, for instance, is bound to raise capital from China and India, who are already minority investors in several projects, and buy them out 100%: an excellent opportunity for Russian business.

What could be construed as the Mother of All Counter-Sanctions has not yet been announced. Deputy Chairman of the Security Council Dmitry Medvedev himself hinted all options are on the table. …

Lethal counterpunches though are not excluded. Apart from completely de-dollarizing … Russia may ban the export of titanium, rare earth, nuclear fuel and, already in effect, rocket engines.

Very toxic moves would include seizing all foreign assets of hostile nations; freeze all loan repayments to Western banks and place the funds in a frozen account in a Russian bank; completely ban all hostile foreign media, foreign media ownership, assorted NGOs and CIA fronts; and supply friendly nations with state of the art weapons, intel sharing and joint training and exercises.

What’s certain is that a new architecture of payment systems – as discussed by Michael Hudson and others – uniting the Russian SPFS and the Chinese CHIPS, may soon be offered to scores of nations across Eurasia and the Global South – several among them already under sanctions, such as Iran, Venezuela, Cuba, Nicaragua, Bolivia, Syria, Iraq, Lebanon, the DPRK.

Slowly but surely, we are already on the way to the emergence of a sizeable Global South bloc immune to American financial warfare.

The RIC in BRICS – Russia, India and China – are already increasing trade in their own currencies. If we look at the list of nations at the UN that voted against Russia or abstained from condemning Operation Z in Ukraine, plus those that did not sanction Russia, we have at least 70% of the whole Global South. …

Meanwhile, Russia will be showing the way: only self-sufficiency affords total independence. And the Big Picture has also been keenly understood by the Global South: one day someone had to stand up and say, “That’s Enough”. With maximum raw power to back it up. http://thesaker.is/how-russia-will-counterpunch-the-u-s-eu-declaration-of-war/

Yes, if Russia ‘nationalizes’ foreign assets within its borders, it could end up with a lot of assets held by the West.

Furthermore, reductions in Russia exports of fertilizers, wheat, and oil will tend to contribute to inflation for the West.

The Biden Administration’s pushing for sanctions will have costs for Americans and others.

As regular readers of this COGwriter Church of God News page are aware, I have long warned about sanctions.

Now back on March 18, 2019, I posted:

It remains my view that Crimea and at least parts of eastern Ukraine will ultimately align with Russia.

International sanctions will not stop biblical prophecies from being fulfilled. (Thiel B. ‘Putin in Crimea as Russia Marks Five Years Since Annexation’ the ‘Kings of the Medes’ will arise. COGwriter, March 18, 2019)

And the events of the past several weeks confirmed my view that sanctions and threats of sanctions would not stop Russia from having territories align with it. Additionally, Russia has ended up with at least two parts of eastern Ukraine aligning with it.

Back in 2018, after Donald Trump pushed more sanctions, we even put out the following video:

Both the Trump and Biden Administrations have imposed sanctions.

This is leading many nations to try to get around them and USA dollar influence.

Now, notice also the following which was also in the article How Russia Will Counterpunch the U.S./EU Declaration of War:

The coming European collapse

Michael Hudson told me, “the U.S. and Western Europe expected a Froelicher Krieg (“happy war”). Germany and other countries haven’t begun to feel the pain of gas and mineral and food deprivation. THAT’S going to be the real game. The aim would be to break Europe away from U.S. control via NATO. This will involve “meddling” by creating a New World Order political movement and party, like Communism was a century ago. You could call it a new Great Awakening.” http://thesaker.is/how-russia-will-counterpunch-the-u-s-eu-declaration-of-war/

Europe, too, will suffer because of the sanctions it is supporting. Europe will have problems.

Although it may APPEAR to collapse in a few years, it will actually reorganize (Revelation 17:12-13).

The Bible shows that Europe will emerge (cf. Revelation 13:1-10), for a time, as the most powerful economic power in the world (cf. Revelation chapters 17 & 18).

That being said, there is a cost to sanctions.

The West will learn more about that fairly soon.

Some items of related interest may include the following:

Russia and Ukraine: Their Origins and Prophesied Future Russia in prophecy. Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end? There is also a video sermon available: Russia in the Bible and in Prophecy as are two video sermonettes Russia, Ukraine, Babylonian Europe, and Prophecy and Ukraine in Prophecy?
Is Russia the King of the North? Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North?
Ezekiel 38: For Russia & Iran in Our Day? Is Ezekiel 38 about to be fulfilled? Are we close to the battle with Gog and Magog? Four related videos are available: Ezekiel 38 Gog and Magog War: Is it Soon?, Ezekiel 38: For Russia, Ukraine, & Iran Now?, Russia, Iran, Syria, & the Bible (Code), and Gog, Magog, Vladimir Putin, and Ezekiel 38?
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold? A video of related interest may be: Germany, Gold, and the US Dollar.
Gentile Cryptocurrency Proposal Two Russian leaders have called for a BRICS-wide and/or EAEU-wide cryptocurrency. This is hoped to be used to replace the US dollar for international trade. BRICS stands for Brazil, Russia, India, China, and South Africa. The BRICS nations represent 3.6 billion people. The EAEU includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Will Gentiles rise up? Are there any prophetic ramifications of what these nations are looking to do? This is a video.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2028 or or 2031 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
Might the U.S.A. Be Gone by 2028? Are there prophetic reasons to believe that the USA will not last two complete presidential terms? Yes. There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
The Great Tribulation: What Happens First? What events have happened? What are some events that are now happening? And what events need to happen for the Great Tribulation to start? Here is a link to a related sermon video: Counting Down to the Great Tribulation. Here is a video in the Spanish language: Contando los eventos y el inicio de la Gran Tribulación.
When Will the Great Tribulation Begin? 2022, 2023, or 2024? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.