17%...
wow.. that’s tempting... can you imagine getting a CD locked in at anything NEAR that ?
of course you would be betting the Ruble would not fall much further, but honestly if you locked it in for 20 years or such, surely whatever financial problems happening now would blow over by then.
Sovereign default. Happened around ‘92 to them, and can again.
Not old enough to remember the late 70’s and early 80’s in the US?
It might even be compelling to holders of US debt.
I can't see any of this as an accident.