BTC-e exchange is based in Russia isn't it? Can the Russians circumvent this by using a VPN?

I wrote a comment a while back on why it's really not clear that BTC-e is in Bulgaria, since it's a particularly persistent point of contention, but decided I might as well pull it all into one post.
1) BTC-e's creators are Russian.
Qouting the linked CoinDesk article:
BTC-e is anything but transparent: it uses third-party banking services to keep its name out of official records. At least one of the banks involved in the process is located in the Czech Republic; the BTC-e site references Bulgaria in its SEO descriptions; the founders, Russian programmers Aleksey and Alexander, honed their skills at the Skolkovo tech park; and the BTC-e managing company is based in Cyprus.
2) Their previous domain registrar is Russian.
3) They use Cloudflare, a service to prevent DDoSing that masks where a website is hosted, so you cannot tell where their servers are located.
4) Their TOS now refers to Cyprus, not Bulgaria as it did in the past.
5) The only place on their website where Bulgaria is mentioned is the search engine description.
6) The only languages the websites support are Russian, Chinese, and English; their support site is in Russian and English, and the documention for their beta API is written only in Russian.

Such useless effort to block sites, can be bypassed easily thru vpn or proxy tho,different if they do arrest bitcoin user

Source

Nobody know where they really are, basically. And yes, they can probably use a VPN.

Also, they already have an alternate link working for Russian users: https://btc-e.nz/