As per Pennock Idea Hub. not my opinion

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Emerging markets are not the place to invest. Banks with any exposure to Russia are getting hammered. The VanEck Russia ETF collapsed 60%+ over the weekend. The Ruble continues to tumble at ~140 per $1 USD. It’s lost 80% of its value against the USD in the last month and 30% in the last week. "

Although Emerging market ETF such as XEC had kind of 2% stake in Russia. I believe that XEC will remove Russia.