Wait and see. Russia has been playing these games for three years now. In 2014, the Prosecutor General declared that using Bitcoin was illegal because it was a "money substitute." Nothing happened. Quietly, the government blocked access to Bitcoin websites/exchanges.

Just a couple weeks ago, the Finance Minister called for regulation of cryptocurrencies, saying that banning them made no sense. I wouldn't jump to conclusions yet.

However all countries ban bitcoin, bitcoin is decentralized. As long as there are people who want to change their fiat with bitcoin, they still can use localbitcoin. Local bitcoin is peer to peer exchange that not regulate by anyone and any institution or government. The govt who bans bitcoin is idiot because when bitcoin exchange peer to peer they will not earn tax income. The exchange will also uncontrolled. No one can stop bitcoin because it is decentralized.

I think I heard the same new few years back as well, that Russia will ban bitcoin mining and any kind of crypto currency related activities in their soil. But nothing happened after that and everything was normal. Even we have seen a lot of ICO popped up in Russia as well. However, I won't be surprised if they actually do it. Because like China and North Korea, they are also a communist country and don't believe in freedom of people. They want their people to be dependent on their government for everything. But since we have been able to overcome the Chinese shock, Russia's exit will have no or little effect on bitcoin's price. I see not reason to worry!

seems like you were not here when they said they will banning Bitcoin for their citizen,
indeed they did it (if i remember it correctly),
but their citizen have their own way to trade it and to use it off markets.
so basically it's nothing and will have zero impact to the Bitcoin itself.
it's just a move to regulate their exchanger in their country so they can track our assets and our money on it,
after that they will implement the taxes on it.
just like chinese did to their exchanger lately,made a drama about 'banning' but in reality they're only 'stop' it at the moment to regulate it.

Yes it Happened.
after china Ban bitcoin, it take few days for recovering. wow that's huge change and you can see bitcoin will cross 5k$ most Probably.

I am not a professional trader or whatsoever but I think the main reason behind this is the volume of money that is involved inside the cryptocurrency exchanges.

It seems that cryptocurrency market already surpasses the foreign exchanges in their country and they are now implementing new measures to it before it becomes uncontrollable.

It already happened in China and Bitcoin's price stumbles but it bounces back quickly and now it is about to happen in Russia and I think people are getting used to it and there is no future dropping in price of Bitcoin.

Let's just stay relax as the government of Russia only banning the exchanges of cryptocurrecy and not Bitcoin itself, and the one who said about that is a banker also just like Jamie Dimon of JPMorgan that hates Bitcoin because they are scared about it.

The idea of countries like China and Russia banning crypto’s isn’t really what the plan is.  It’s mainly the decentralised nature and lack of state control that they really want.  Like fiat money, governments like to be in control, determine the values and control how we earn it.  IMHO.

All and every exchange around the world or only the ones that are not regularized according to US law?
Are you sure this is not fake news or misinterpretation of facts?