Sitting on a pile or even mountain-load of RUBs is doing you nigh to no good, when there is almost no place worth going and noone willing to exchange it for any services, products or currency, no matter if you ll get 60 or 120 RUBs for an USD, or whatever they decide to artificially peg and prop the RUB up to. You may want to ask the poor sods who still got Evraz or Gazprom shares in their ports, frozen and banned from trade since 2 months now. As for recession; since all stockmarkets are going down the drain, on a global level, and further clawing each other down in a ripple effect, I d be keen to understand which alternatives you d suggest. Please spare me with crypto's, precious metals or the chinese stocks, whose indices already tanked worse than the US this year and are stuttering from one low to the next, as the zero-covid measures force city upon city into perpetual lockdown. So? what is your hedging bet? buying triple leveraged commodities ETPs e.g. oil at maxed out prices? US or even russian treasury bonds? sporting bets? THB or just stock up on MamCup noodles with almost eternal shelf-life and hope that you can sell them at inflation-adjusted value in a few years? I am happy to be enlighted and keen to learn.