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His Grace Magazine!
February 2022
Financing Cut Off!
President Biden has cut off Western Financing and Condemns Putin's invasion of Ukraine
P
resident Biden's administration is calling Valadimir Putin's for entering into areas of Eastern Ukraine, beginning an invasion and is answering with severe sanctions put against Russian banks, businessmen and lawmakers. President Biden said, "He bizarrely asserted that these regions are no longer part of Ukraine and their sovereign territory. To put it simply, Russia just announced that it is carving out a big chunk of Ukraine." George Thomas with CBN is in the region and he is reporting that those provinces are now having a heavy escalation of fighting. "Now that Russia has rolled its tanks into parts of Donbas region, attacks against Ukrainian postions have been spiking. Since Monday's invasion, there have been more than 5,000 ceasefire violations, the overwhelming majoirty of them committed by Russian forces.
Meanwhile, Ukraine's President Zelenskyy is calling up some 250,000 reservists, as new satellite images show Moscow deploying more troops to Belarus and western Russian." It was the Russian lawmakers who gave approval to Putin's request to use military force on the outside of
Russia in the Ukraine. United States' reply from President Biden was, "We've cut off Russia's government from western financing. It can no longer raise money from the West." Sen. James Lankford (Rep. OK) was recently on the Jay Skulow show and he said what the sanctions will mean to
the Kremlin. He said, "Russia has a smaller GDP (Gross Domestic Product) than the state of Texas has. They're basically a gas station that's selling oil and natural gas to Europe and to Asia and whoever wants to buy it. If we cut that off, Russia's economy collapses, and Putin faces real consequences." The European Union has also imposed sanctions with Germany freezing a major new Russian natural gas pipeline called the Nord Stream 2. The United States has also sent 800 extra soldiers, along with fighter jets and helicopters are being relocated in areas to help NATO members in the Baltic states. The sanctions that have been put onto Russia are going to have an impact here as well. Gas prices have already jumped 20 percent over last month's prices and if Russia's taps are shut down, those prices could jump even higher.
