The hedge is the Russia '98 play, which is already in various stages of progress. 1. Default on ruble-denominated debt (replace with dollar-denominated), and t

The hedge is the Russia '98 play, which is already in various stages of progress. 1. Default on ruble-denominated debt (replace with dollar-denominated), and trigger a recession and currency crisis. 2. Military attack on a border state to fight secession (replace with narco-terror) and advance nationalist agenda. 3. Vote in a strongman who promises to take the country back from evil capitalist influence (replace with communist) and restore their rightful place in the pantheon of great civilizations. 4. Come to power and intimidate/co-opt independent media into docile acquiescence, convince corporations to do your bidding in exchange for favorable treatment, restructure elections to your advantage.