Russia to Stop Oil to Germany?
Dmitry Anatolyevich Medvedev, President of Russia
The situation between Europe and Russia because of Georgia is getting even more tense as the following news item shows:
Russia may cut off oil flow to the West
Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea.
Any such move would be a dramatic escalation of the Georgia crisis and play havoc with the oil markets.
Reports have begun to circulate in Moscow that Russian oil companies are under orders from the Kremlin to prepare for a supply cut to Germany and Poland through the Druzhba (Friendship) pipeline. It is believed that executives from lead-producer LUKoil have been put on weekend alert.
“They have been told to be ready to cut off supplies as soon as Monday,” claimed a high-level business source, speaking to The Daily Telegraph. Any move would be timed to coincide with an emergency EU summit in Brussels, where possible sanctions against Russia are on the agenda.
Any evidence that the Kremlin is planning to use the oil weapon to intimidate the West could inflame global energy markets. US crude prices jumped to $119 a barrel yesterday on reports of hurricane warnings in the Gulf of Mexico, before falling back slightly…
Such action would be seen as economic warfare but Russia has been infuriated by Nato meddling in its “backyard” and threats of punitive measures by the EU. Foreign minister Sergei Lavrov yesterday accused EU diplomats of a “sick imagination”.
Armed with $580bn of foreign reserves (the world’s third largest), Russia appears willing to risk its reputation as a reliable actor on the international stage in order to pursue geo-strategic ambitions.
“We are not afraid of anything, including the prospect of a Cold War,” said President Dmitry Medvedev…
Russian companies raise their funds on the world capital markets. Foreigners own half of the $1 trillion debt. Michael Ganske, Russia expert at Commerzbank, said the country was now facing a liquidity crunch. “Local investors are scared. They can see the foreigners leaving, so now they won’t touch anything either. The impact on the capital markets is severe,” he said. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/29/cnrussia129.xml
As I wrote last Sunday (see ), I believe that the Georgia situation is forcing the Europeans to realize that they must develop a stronger European military so that they cannot be bullied by Russia (or anyone else for that matter).
This situation, also however, may have severe negative implications on the future Russian economy.
“Cold wars” often turn into hot ones and the Bible is fairly clear that Russia (along with other Asian powers) will invade Europe (also to be known as “the King of the North) in Daniel 11:44-45. The time is NOT yet, but the current situation may be part of the prelude.
Several articles of possibly related interest may include:
Russia: Its Origins and Prophesied Future Where do the Russians come from? What is prophesied for Russia? What will it do to the Europeans that supported the Beast in the end?
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”?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States?
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