According to this Rolling Stone article functionality has been restored.
“Their accounts will have full functionalities as long as we continue to have payment methods to support them,” the spokesperson said. “We were not terminating or suspending any creator accounts based on the creator’s location, and we are doing everything we can to support our community.”
But as long as they have "payment methods".
https://www.rollingstone.com/culture...asion-1313259/