To turn a saying on its head: What comes down must come up. Russias valuta and markets have tanked like few others, Greece being a notable exception. So even without much insight into details, hoping for political stability on the horizon - I know, that's a bet that might not even be 50/50 in chances - an index tracking investment of the MICEX should offer a handy return on both accounts of valuta conversion (the ruble should stabilize and increase in value) and in nominal value at the exchange. Sanctions have made the country more dependent on producing goods on their own, something that should improve quality, networks and market penetration, for now.
Anybody here who follows that logic? Do you cherrypick stocks in addition? How do you invest - does Vanguard offer an easy point of entry? I'm writing from a small European country with weakened currency myself and I wonder if I can invest directly, without having to go through the US dollar first...