Russia has been working on legalizing bitcoin for the last couple of weeks. They definitely knew what they were doing.
Sure, bitcoin cannot be banned but let's say the U.S and the EU decide to ban bitcoin just because Russia is using it to avoid their sanctions (or at least use that as an excuse), what do you think would happen then (if we're talking about the price)?
We've been hearing for years that
BTC was used to finance terrorists, Russia may bring some more regulations, but I'm not expecting them to have an effect on price.