Russia’s illegal invasion of Ukraine has driven the world insane. Driven by US and British sanctions, the entire western world seems to be following gambling suit and putting some form of pressure on the country.

Top brands such as Coca-Cola, Starbucks, Apple, Nike, Dell, Spotify, Ford, Nissan and many other major international companies have stopped trading in Russia. Some even withdrew from the country altogether. The gambling industry is amongst those who have shown their disdain for the atrocities committed over the past few weeks by the Kremlin.

PROMINENT GAMBLING BRANDS WITHDRAW THEIR SERVICES FROM RUSSIA

The online gambling industry has joined suit and some respectable names in the industry have withdrawn their services from Russia despite their legal licenses to operate there. Some of the big hitters include Bet365 Sportsbook, Parimatch, and PokerStars.

The poker site went through major regulatory changes in the country last year to accommodate Russia’s evolving stance on online gaming.

It launched its ‘Sochi’ site in 2021 but closed services to the public with immediate effect a few days ago. Bet365 is one of the largest sports betting brands in the world. They have given Russian players until March 15th to withdraw any money they have in their accounts.

Sports betting has stopped in the Russian market

The Russian online gambling market is not huge. Despite this, American bookmakers believe that ending support for betting on Russian sports events will affect their sports economy.

As such, DraftKings was among the first to announce their decision to participate in a boycott of all Russian markets on their platform. Then there’s Caesar Sportsbook and FanDuel. DraftKing says:

“We no longer offer bets on sports leagues or events taking place in Russia or Belarus like the KHL.”

Illinois took bolder steps. They banned licensed sportsbooks in the region from allowing bets on Russian sports.

In addition, international betting sites such as LeoVegas, Pointsbet and Sportsbet.io have chosen to be identical to US betting sites.

These sanctions could weigh on betting markets such as the Kontinental Hockey League, Russian football (soccer), table tennis and volleyball. These are popular sports in all major countries.

But Russia’s sporting problems do not end with casino sanctions. They were set to host the UEFA Champions League final at the Gazprom Stadium on 28 May this year. UEFA instead decided to move the tournament to France.

And to end it:

• FIFA has banned international football matches in Russia. UEFA has banned Russian clubs from participating in European competitions.
• Formula 1 canceled the contract with the country for the Russian Grand Prix.

English Premiership team Chelsea also faced a tough time due to the restrictions. He was not kicked out of the competition, but his future was seriously jeopardized by the ownership of the Russian oligarch, Roman Abramovich. The profit making potential of a club is extremely limited.

Removed support for Russian gambling brands

But it is not only game companies that close the doors of the Russian industry. Casino and sports betting software providers are ending their support for Russian casinos. Among them are Betting.bet and the Maltese company Beter.

In the table below you can have an overview of the current betting and betting sites that have banned Russia in any way. This list is sure to grow in the coming days and weeks.

Ban on public gambling on Russian sites

In addition, some public voices are calling for a ban on all Russian online casinos and sports betting by players. There are many names in the hit list. There does not seem to be any pressure from governments in this area, so we are not sure that this initiative will be very successful.

Problems with retail casinos

The retail casino industry has also been affected by the conflict. Nagacorp, which is involved in the development of the Vladivostok casino project, has stopped its development.

It is recognized as one of the best investments in the casino industry. The casino he plans to open in 2022. However, it seems certain that this deadline will be postponed until things calm down in Eastern Europe.

Swift makes things difficult

In addition to the constant withdrawal of casinos, 안전한카지노사이트 sports betting and poker sites from the Russian market, international payments are no longer possible.

The fact that Russia was rejected by his SWIFT makes transferring money to and from online sites much more difficult. Prominent payment providers such as Mastercard and Visa have also pulled out of the country for the time being.

This makes the ability to gamble online currently more difficult than it’s worth for Russian audiences, and of course they can proceed to the crypto route in crypto he casinos.

However, major exchanges like Coinbase still block certain illegal Russian IP addresses from accessing their networks to trade cryptocurrencies. Not all Russians are blocked on their servers, but he closely monitors financial developments in this part of the world.

Our tour

Hostilities in Ukraine will undoubtedly have a significant impact on the Russian economy. Over the past few weeks, the Russian ruble has already lost 30% of its value against the US dollar. Every time a new industry joins sanctions, it puts more pressure on both the Kremlin and the Russian people.

Even if Russia does comply with NATO’s ceasefire demands, it is questionable whether the Russian economy will soon stabilize again. I also wonder if the western world wants to lift all restrictions at once. Time will tell.