We are living in exciting times. The Signposts point to Jesus soon return.

Wednesday, January 7, 2015

China is Ready to Support Russia

Prophecy Sign:  The Far Eastern and Far Northern power blocs of the last days

You will come from your place in the far north, you and many nations with you, all of them riding on horses, a great horde, a mighty army. You will advance against my people Israel like a cloud that covers the land. In days to come. Ezekiel 38:15-16 NIV

The sixth angel poured out his bowl on the great river Euphrates, and its water was dried up to prepare the way for the kings from the East. Revelation 16:12 NIV

China is Ready to Support Russia
At the most tense period of currency turbulence in Russia when its enemies were noting with satisfaction that “the country is falling uncontrollably into the abyss of economic crisis and recession”, against Western rating agencies’ statements that they were going to review Russia’s ratings to the downside and declare them near to “trash”, in other words prohibited for foreign investors, the official representatives of the Chinese government made important statements in support of Moscow. 
On December 22, the Minister of foreign affairs of China Wang Yi declared that Beijing was ready to assist Russia in surmounting its economic difficulties. “If the Russian side so requires, we shall provide the necessary assistance, within the framework of our performance capabilities”, the Minister said. He added that “in the PRC, we believe that Russia has both aptitude and wisdom needed to surmount the existing difficulties in its economic situation”. According to the Chinese experts, support may be provided to Russia through such mechanisms as the Shanghai Cooperation Organization and BRICS. In addition, the support from China may be realized within the framework of the agreement concluded between the Bank of Russia and the People’s Bank of China this October. It is a cross currency swap agreement. It provides for the possibility of export settlements between the parties in roubles and yuans without using the dollars.  

Russia, Belarus, Kazakhstan sign ‘epoch' Eurasian Economic Union
Russia, Belarus, and Kazakhstan signed the historic Eurasian Economic Union which will come into effect in January 2015. Cutting down trade barriers and comprising over 170 million people it will be the largest common market in the ex-Soviet sphere. "The just-signed treaty is of epoch-making, historic importance," Russian President Vladimir Putin said. The troika of countries will cooperate in energy, industry, agriculture, and transport. "In fact, we are shaping the largest common market in the CIS, with huge production, scientific and technological potential and enormous natural resources," the President added.

Russia's "Startling" Proposal To Europe: Dump The US, Join The Eurasian Economic Union
Russia has presented a startling proposal to overcome the tensions with the EU: The EU should renounce the free trade agreement with the United States TTIP and enter into a partnership with the newly established Eurasian Economic Union instead. A free trade zone with the neighbors would make more sense than a deal with the US.

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