Sberbank, largest bank in Russia, has essentially collapsed. It’s exiting Europe because it has insufficient liquidity to meet its obligations. It’s equity trades on the LSE via ADRs but is now tradi… (View Post)

If I was him I’d be very reluctant about sending the army out the country in any numbers. (View Post)

Cold weather, no sleep, no food, rationing fuel, long way from home with no idea why you’re there… There’s a crucial difference between this army and the Red Army of old. And indeed Hitler’s army. Th… (View Post)

We are closer than we were a week ago but by reckoning further away than we were on Sunday. (View Post)

Day time highs of 2°C. Going down to minus 5 on Saturday. (View Post)