It’s not ‘inconvenience at best’. The vast majority of people won’t use a VPN, so it will be a loss of revenue. Even if you are willing to pay for a VPN (or daft enough to use a free one), it’s an inconvenience as using a VPN can have side effects, such as other things getting blocked unexpectedly, or cause websites to redirect you to the local version in the country of your VPN server.
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I’m no expert on this, but that reads like a one sided take on the issue-which is more political than financial, with many asset seizures in response to US embargo’s, condemned by UN, rather than the other way round