done these calculation is, no doubt. vladimir putin would have sat down with his paper and pencil and it worked out what the economic financial consequences would be of his actions and it appears that he has come to the conclusion that it is worth going ahead with his military plans, in otherwise, as far as he is concerned, the geopolitical benefit of what he's doing outweigh the economic losses and there will be financial pain here. the russian ruble has been going down, the moscow stock exchange has collapsed, trading has been halted in the stock exchange today. inevitably there will be economic pain for russia and more western sanctions but, when you speak to russian officials, we talked about sanctions at the ministry and asked whether they were worried and the answer came back, no, the russian say the west has