According to the announcement, Binance has been placed in the list due to distribution of data related to the acquisition of digital currencies like Bitcoin (BTC). Gleb Kostarev, Binances head of operations for Russia and the CIS, told Cointelegraph that the exchange announced the news immediately after the exchange received a notification from Roskomnadzor.
The transparency of CZ in running Binance has remained one of the endearing attributes of the exchange and I don't think anyone can fault that. Making the announcement immediately the restriction was made is a right step instead of trying to mask it.
However, this restriction does not lawfully prohibit Russians from accessing Binance so everything for now acts as normal.
That's how it starts most times. Gradually, the blacklist will spread to banning citizens from using the Binance exchange. It's like the gift of the devil, it lures its prey and gradually destroys it. So, we shouldn't close our eyes and assume all is well with Binance customers from Russia. If I were a Russian citizen resident in Russia is would move my assets out of Binance into a different exchange at once.