As an Eastern Euro, I didn't like that the post mentioned 'better read in a Russian accent' - implying that the subject is better judged if you take the common stereotype into account.

If you read through all of that, this doesn't sound like a squatting case at all. If he approached them first and offered them to buy the name, that would imply his intentions, but he didn't.

It also definitely isn't extortion.

You know, most people I've met don't mind being called by their nationality or hearing a joke involving nationalities. Now, granted, I've met many more Russians than any other nationality, but I think we're more like the rest of the world in this regard than Europe or USA where political correctness gets insane. And what the hell could possibly wrong with "The Lady", let alone the other two, if that's the way she calls herself?

I think that is how the guy signed his email, hence "The Russian" moniker.