>re·nege
>verb
> go back on a promise, undertaking, or contract.
If you entered into an agreement to provide service (eg. provide domain registration for one year), and one side unilaterally terminates the relationship, that sounds pretty close to reneging. In addition, the CEO have promised refunds for some services, but not domain registrations. In that case you quite literally paid for one year of service, and are not getting that.
Re:Namecheap: Russia Service Termination
by Dracophoenix on Monday February 28, 2022 @06:27PM
(#30506659)
In this case, the two are not mutually exclusive. Every Russian domain purchaser and every individual with a domain under the aforementioned TLDs that had, even as recently as yesterday, purchased a 1-year registration from Namecheap is now being provided a week of service at best. You tell me how that's not reneging.
They’re terminating their contract, not reneging.