Firn---think the reality of potentially damaging targeted sanctions ie bank lines of credit and specific products are starting to worry the Russian business elite.


Rossnefts' boss is in Japan and at first said sanctions they can live with/not an issue and then about four hours later during an interview basically the nerves came through and he indicated they will be hurt.

Think if comments coming out of DC this morning in Germany that the US is really ready to pull economic triggers regardless of what the US banks think is an encouraging sign that they see specific weak points as well.

Will really be interesting that when the glory/shine wears off for the Crimean's and they see that nothing really has changed and they will see that it has not changed---will they hit the streets as they did in the Maidann?

It has just dawned on the current Crimea leadership late yesterday in a few local comments that now all food etc must come via ships as the land routes are blocked and nothing has been organized---you will start to see shortages in about ten days since the Russian Army did not plan to support 2M people with the day to day basics.