I spoke to a Moscow based Russian today. He is out of foreign currency. He is also more or less out of roubles. Because his cards don’t work and he can’t draw more without an appointment at the bank,… (View Post)

Any day now Putin will be bringing out the serious deep state tech. You know the kind. No obvious means of propulsion, can fly 17,000mph with right angle turns, through water, air and space and can r… (View Post)

The reputational issue is massive but finding boats willing to accept Russian crude is going to be part of it. Europe politically may be wavering about stopping taking molecules of Russia hydrocarbon… (View Post)

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)