Today’s Russian papers focusing again on economic problems: ▪️ “To pay utility bills some Russians are falling into debt" ▪️ “Rise in bread prices outstripping inflation” ▪️“Cement factories on the brink” ▪️ Call to "freeze basic food prices to battle inflation" #ReadingRussia

European wind giant Orsted says it will conduct an emergency >$9 billion equity raising to shore up its balance sheet (the rights issue isn’t a surprise, but the size is nearly double market expectations). The right issue equals to ~50% of the company’s current market cap.

Another unappreciated trend in China

«Ein Sozialstaat, der mit der Giesskanne hantiert, ist nicht nur ineffizient, sondern unsozial – und untergräbt das eigene Fundament.» schweizermonat.ch/der-mittelstan…

Buffet's few final thoughts in his final letter-

Weapons production in Russia continues to increase.

"Venezuela is not what happens when socialism fails, it is what happens when socialism succeeds" Garry Kasparov.

I’m back in Moscow…and back with the Russian newspapers which report on “Galloping Inflation. Food prices rise markedly [in Russia] since the start of 2026.” One paper links rising prices to a recent VAT hike to help finance Russia’s war in Ukraine. #ReadingRussia.