Today (11.10.2017) it was announced that all mining activities and emission of cryptocurrencies will be regulated in Russia. What will be practical implications? We are planning to do an ICO via a company in Estonia, however, most of the team is based in Russia.
Will be regulated does not mean it will be banned. I believe what government and its agencies are focused on since they are no going the route of banning is to ensure that the right things are done which is what I think is going on here. So, what your team needs to do is to first study the new rules and see if its something you can comply with or if not, you start looking at alternatives which centred around of either to shelve the idea or migrate to another jurisdiction to pull it off.