• 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

A Russian Default? | Seeking Alpha