Russia has become a gamblers den.
From a top-down view, long term money is largely bearish on Russia. The bravest foreign fund managers are picking at undervalued stocks, with weak conviction.
Russia's War Against Ukraine
Forbes: Hedge fund managers battle long money in Russian markets
As a result of those sanctions, Russia's 0.5% growth rate is marginally at risk. Inflation is too high, currently 8.5%. Oil prices are in decline, and they are a staple of the Russian government balance sheet. The ruble is trading over 42 to 1. It traded at 36.2 to 1 during the height of the global financial crisis in 2008-09.
