Originally Posted by TheSquealer

You want to invest in Russian bonds?... i suggest you look up the 1998 crisis and review Russia's massive pyramid bond scheme, paying up to 150% interest followed by their inevitable default. I still remember watching Yeltsin give a press conference in the afternoon saying "all is ok, nothing to see here" and "of course we are not going to devalue the Ruble" and in the morning, they did and the entire banking system was shut down, accounts were frozen, 1000+ banks had their licenses unilaterally pulled by the government at the expense of depositors etc etc etc... all without apology.