Almost.
According to scripture .. it's not Russia's oil problems - it's the destruction of Damascus. Russia joins with other nations "from the north" and they get together and decide to take out Israel once and for all. When they all gather in the Valley of Miggido to fight with Israel .. they get a huge surprise .. GOD shows up to meet them and totally destroys all of those armies.
This is not Armegedon. This will be shown on TV (there is a USA owned TV station on a mtn top in the middle of the valley) - and churches better be ready. This event will trigger the end-time harvest.