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Plot
In November 1989, days before the collapse of the Berlin Wall, KGB agent Yuri Bakhtin kills MI6 agent James Gascoigne and steals his watch containing The List, a microfilm document with the names of every intelligence agent active in Berlin.
A day later, top-level MI6 spy Lorraine Broughton is dispatched to recover The List. She is told to keep an eye out for Satchel, a mysterious double agent for the KGB. Arriving in Berlin, she encounters two KGB agents with a message from their boss, Aleksander Bremovych. She escapes them and is picked up by her real contact, maverick MI6 station head David Percival. Lorraine searches Gascoigne's apartment and discovers a picture of him and Percival. Percival had previously denied knowing Gascoigne, so she suspects Percival was behind the West Berlin police ambushing her while she searched Gascoigne's apartment. When Lorraine visits a restaurant mentioned by the KGB agents she encounters Bremovych, but is "saved" by novice French agent Delphine Lasalle. Although initially suspicious of Lasalle, Lorraine later enters into a relationship with her. Lasalle suggests that they should work together.
Percival, having tailed Lorraine, surveils a watchmaker she visited and spots Bakhtin. Lorraine is informed that Satchel's identity has been compromised. Percival kills Bakhtin and takes the wristwatch from which he discovers who Satchel is. Meanwhile, Lorraine learns that Spyglass, the Stasi officer who gave The List to Gascoigne, has memorized it. Ignorant that Percival has The List, she makes plans with him to escort Spyglass to West Berlin. Percival meets with Bremovych and offers Satchel's identity "to keep the balance", and tips him off about their plan to extricate Spyglass. Lasalle covertly photographs the meeting.
During the extrication of Spyglass, Percival secretly shoots and wounds him. Lorraine battles multiple KGB agents while trying to escape with the wounded Spyglass. After a grueling fight and a car chase, their car is pushed into a river and Spyglass drowns. Lorraine makes it to West Berlin and realizes Percival has planted a bug in her coat. She tells Lasalle, who calls and threatens Percival with her knowledge of his Bremovych meeting. Percival goes to Lasalle's apartment and kills her, fleeing as Lorraine arrives moments later. Lorraine discovers Lasalle's photographs and realizes Percival has The List. Percival attempts to flee, but Lorraine intercepts, kills him, and takes The List.
Later, Lorraine is debriefed by MI6 executive Eric Gray and Emmett Kurzfeld. While there, she discovers Percival had told Gray he had The List and he was "very close to Satchel". She presents Lasalle's photographs and doctored audio recordings, which paint Percival as Satchel. She denies knowing The List's whereabouts, leaving MI6 no choice but to close the case.
Three days later in Paris, Lorraine, now speaking in Russian, meets with Bremovych, who addresses her as "Comrade Satchel". Bremovych, having learned from Percival there is more to Satchel than he had previously known, orders his men to kill her. Lorraine kills his henchmen. Speaking with an American accent, she tells Bremovych she always fed him misinformation to manipulate the KGB, and kills him. She and Kurzfeld return to the United States with The List. In their conversation, it is implied Lorraine is actually a triple agent and had been working for the CIA all along.
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