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Do you think the Russia-Ukraine crisis will cause any significant impact in the domain industry?

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Do you think the Russia-Ukraine crisis will cause any significant impact in the domain industry?

  • This poll is still running and the standings may change.
  • Yes

    33 
    votes
    50.8%
  • No

    18 
    votes
    27.7%
  • Not sure

    14 
    votes
    21.5%
  • This poll is still running and the standings may change.

Anees Ahmad

Established Member
Impact
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The US government expanded sanctions against Russia. All US transactions with Russia's central bank is just cut off. SWIFT, Wise and remittance processor Remitly have suspended their services in Russia. Putin ordered a ban on foreign exchange loans and transfers by Russian residents to outside of the country.

Stock market and cryptos are already going crazy. Do you think these will cause any significant impact in the domain industry as well?

@Bob Hawkes @James Iles @iowadawg @briguy @GILSAN @johname @Silentptnr @mr-x @JB Lions @Kate @Samer
 
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Maybe. But I would personally be morally against supporting their economy at this point.

There is also no easy mechanism to remove sanctions. It is not like foreign countries or companies are going to be rushing to do business with Russia any time soon.

US / Western countries have a history of not removing sanctions for many years.

Their currency will collapse (further) and they will likely default in short order. Also, their self-sanctions of not allowing foreign money to leave and threatening to nationalize private company assets there is surely not going to be appealing for any new investment in the future.

Brad
You're right. Overall, dealing with Ukraine by invading them has done more damage than good, from an economic perspective. Its almost as if they didn't expect the consequences, to this level of severity
 
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