Russia have better prices for electricity (IMHO).
But other aspects can be very challenging.
Not politics or economics but on first place - position of Russian government for any crypto projects.
As for now it looks like undercover fight between two opposite teams.
One want to close country from crypto world completely.
Other side of government use 'blockchain' as every second word and promote it as something must to have for new century.
Which one will be winner - no one knows.
Will be better to stay away from these risks now.
Belorussia advertise itself as crypto offshore
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
they will get cheap electricity also (later). But here politics is very strong risk.
Kazahstan.
Good prices, many possibilities for mining.
But politically it is very special country.
Anyway - we all know IRM as MIO competitor from KZ.
Hope they both will be successful!