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Announcement from Binance:
Accounts that classify under this restriction will be put into withdrawal-only mode. No deposits or trading will be permitted on these accounts.
[...] will be given 90 days to close out their positions. No new positions will be allowed to be added.
Binance must continue to lead the industry in implementing these sanctions. We believe all other major exchanges must follow the same rules soon.
There was another, later, post on SN for that announcement post:
Changes of Services to Users in Russia | Binance Support #21982 https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9
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