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I think you got it. Russia is so geopolitically unstable that they are unable to have relations with the people they are borrowing from. That risk should be pri

I think you got it. Russia is so geopolitically unstable that they are unable to have relations with the people they are borrowing from. That risk should be priced into the fundamental economics of transacting.

s1artibartfast 5y ago
That seems to make sense, essentially a split price market. Some countries like the US/EU where the risk is very high, and other markets where the risk is low. I wonder what kind of arbitrage opportunities this opens up.