The coming weeks and days will prove critical to the Russian economy. The "rebels" of the DPR are showing no sign of capitulating. This chart examines the RUBUSD             inversion comparing it to the 3x geared RUSS             short Russia.

The coming reactions and actions of Washington and Moscow after Minsk 2.0 will prove critical to making a RUSS             3x short position work.

Look to additional moves in the RUB interest rates and economic indicators as those have the largest impact on RUSS             . Also bear in mind the various underlying Russian securities of RUSS             and their respective weights before trading RUSS             .

Sanctions by themselves do not have as strong a correlation as one might expect.

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