After many threats from media companies around the world, the Russian Government has opted to side with foreign powers and will be shutting down The site came under a lot of criticism for alleged piracy and for not properly reimbursing media conglomerates around the world. While the effective date on when this will happen isn't made clear, the course of action is:

"Russia will take enforcement actions against the operation of Russia-based websites," according to a press release issued November 19 by the U.S. Trade Representative. "(Russia will) investigate and prosecute companies that illegally distribute copyright works on the Internet."
While the company appears to most likely be operating legally under Russian law, the site was used worldwide to purchase music. It began to face increasing pressure, especially when Visa, one of the largest credit processors in the world, refused to accept any more transactions from them.