Russian stocks are still ridiculously cheap, in fact they're a "screaming buy", according to Saxo Bank's Head of Equity Research, Peter Garnry. He says that geo-political risks are still present but they're significantly reduced and his "buy" call, at the height of the crisis over Ukraine, has proved to be a good one.
Of course, those risks could return in a moment and investors need to be wary. However, Peter says that if you're happy to ride out the "noise", as he puts it, you could make very good returns compared with elsewhere. 
He says picking single stocks in Russia can be quite difficult, although Gazprom stands out as a possible good buy. To get better diversification, Peter recommends investing in an ETF which can often protect against specific risks.