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Can I make money from taking out a loan from a country with a low interest rate (such as Switzerland, that has an interest rate for loans from 4.9%) and put it into a fixed savings deposit account in a country with a high interest rate (the Ukraine, for example, where the interest rate has been said to be around 20%).
What would be all the possible drawbacks. This case of making money of a loan with a savings account(mentioned above) seems to be to black and white(obvious).
I know Ukraine is an unstable country and there is a higher risk of course of losing my money. but apart from that, what else should one look out for?