Well, Well,Well.

[melv16]

https://t.co/6QenuqrU4e

[Hopkirk]

... and your point is?

[Buenchico]

Your link is hidden behind a paywall, Melv, but appears to be four weeks old anyway.

[Hopkirk]

Jacob Rees-Mogg's City investment firm has cashed in its stake in the Russian lender Sberbank, avoiding this January's turmoil on the Moscow stock exchange caused by rising tensions on the border of Ukraine.

Somerset Capital Management, which was co-founded by the Leader of the House of Commons, sold its final shares in the bank in autumn last year as Vladimir Putin built up a massive military force.

[Hopkirk]

Wise move, and I see nothing to criticise.

[melv16]

Insider trading?

[Hopkirk]

Don't be silly.

That would suggest they had information that others didn't have. It was all over the papers.

[Gromit]

Rees-Mogg Is not Leader of the House of Commons, he is Minister of State for Brexit Opportunities and Government Efficiency.

[Hopkirk]

What I put up was a cut and paste from Melv's link in the original post.
If it is factually inaccurate, it is probably confirmation of Chris's point that this is old news.

[ToraToraTora]

so someone sells an investment because the value will probably go down! what's your point?

[ToraToraTora]

melv how can it be insider trading, I think the war is public knowledge.

[sevenOP]

The 'Cyber Polygon', Sberbank

https://webcache.googleusercontent.com/search?q=cache:esi7UHWOx9IJ:https://www.sberbank.ru/en/press_center/all/article%3FnewsID%3Dc17ef451-5aa2-4bf1-942f-876c38342d03%26blockID%3D1539%26regionID%3D77%26lang%3Den%26type%3DNEWS+&cd=1&hl=en&ct=clnk&gl=uk

[webbo3]

I imagine lots of investment firms are doing the same.

https://www.bloomberg.com/news/articles/2022-02-24/wall-street-flees-russian-assets-ahead-of-sanctions-risk

https://www.forbes.com/sites/mikepatton/2022/02/24/russian-stock-market-loses-13-of-its-value-following-attack-on-ukraine/?sh=2966aded7bba

[ToraToraTora]

TBF I suspect Russian business people are despairing at the psycho they've got running the show.

[naomi24]

I think you're probably right, Tora.

[youngmafbog]

And thats the big problem TTT. Really all most sanctions do is hurt the normal citizen. Its unlikely and of the New KGB will be affected at all.

The resident left on here just cant see the bigger picture though.

[New Judge]

//Rees-Mogg Is not Leader of the House of Commons, he is Minister of State for Brexit Opportunities and Government Efficiency.//

But he was Leader of the House on 30th January when that article was published. He changed jobs on 8th February.