> I sincerely hope all this goes away as fast as possible
I'm thinking 10-15 years. Though I may need to adjust my estimate, because Putin doesn't have easy access to the world's best medical services anymore -- which may shorten his life expectancy. > Can I ask, how are these economic restrictions affecting you in your daily life?
My company may soon be unable to receive revenue from western customers. > what is the likely end game now for Putin?
Endgame for Putin: Live safely in a bunker, for 10-15 more years, then die from natural causes, happy that he made (literally, _made_) history. > storing your backups in the ru segment
Or locally, on your owh HDD. It's a shame though that the HDD prices will soon become exorbitant, and a NAS would be unreachable for most folks. > Do you know if that also applies for legal entities or only natural persons?
Not sure (would adive to consult a lawyer), but it's quite possible that it applies both to physical persons AND legal entities. > It does seem like a good time to leave
Alas, too late for me... > Do you know if its only incorporation in EU countries?
Anywhere abroad. It is illegal (and has been illegal since 2014 or so, can't remember) for a Russian resident to have a controlling stake in a company not incorporated in Russia. > is that transactions out of the country or any transaction
It's about transfers of funds from Russia to foreign bank (and "bank-like") accounts. Accepting money from abroad is still legal -- which is confirmed by the fact that they yesterday imposed a requirement of mandatory conversion of 80% of any foreign-currency revenue to rubles. > I'm trying to understand the scale of Putin's decision
Drastic. Catastrophic. Suicidal. World-changing. > "incorporation in an EU country"
Illegal, due to the "КИК" law, and, if I remember correctly, punishable by a heavy yearly fine (about $50K ath the current exchange rate). > "Electronic Money Institutes for at least some really basic banking"
Outgoing transfers to foreign banks and electronic money institutions are now illegal, due to the yesterday's order that forbids Russian residents to transfer money to their own accounts abroad.
Given our evolutionary history as social animals, this is expected. The genes (and memes, in the Dawkinsian sense of the word) for alienating oneself from the tribe and going solo were less successful than the those for remaining in the tribe. We can reasonably expect such adaptations to include sucking up to alphas to avoid being banished from the tribe, being distressed when outside a group, and feeling good when in a group.