12-09-2014, 08:24 AM
It's no secret that Russia is plagued by the crash in the oil price and Western sanctions, but there are also a host of structural economic problems. If the present conditions endure or worsen, there is a reasonable chance that Russia will default on part of its foreign debt, mostly in the hands of private companies. Despite being cheap, Russian stocks generally don't seem a good bet. Not only because of the present problems, but also because of deep seated structural problems in the economy