As I spoke about last time, the Internet Revolution has created easy access to a global economy, where talent and experience matter as much if not more so than a formaldegree.
Although there are worries about underlying obligations that are not counted, such as unfunded public-service pensions, these do not enjoy the same degree of formal government backing as gilts.
Of course there is still large (and I would argue excessive) state involvement in the Russian economy, but this is very different from formal control and exists, to a greater or lesser degree, in all market economies.