Would you invest in Russia? I certainly would. I would advise to buy Sberbank.
Current account: Stable in positive area.
Balance of trade: Dropping, but in positive area.
10 year bond yield: High return of 6.4%.
Inflation rate is lower than the 10 year yield. So we have positive real interest rates.
Russian Ruble: Stable after large drop due to lower oil prices.
Unemployment rate is dropping:
Government debt to GDP is extremely low:
Household debt to GDP is also low:
Government budget surplus:
Leading economic index is stable with positive outlook:
PE ratio is low:
Disclosure: I am/we are long SBRCY.