Andem - 1:47 am on Sep 14, 2012 (gmt 0)
I'm finding that user metrics do play a large role but so far, none of my data indicates it being country-based.
Blocking users from a country from accessing your pages seems extremely foolish and would have a negative effect on user metrics.
A user from Russia finds your site in Google and sees "Your region has been restricted from viewing our content".
Do you think this would improve your overall bounce rate and time on site?