It was rumored that an investigation was being carried out into Valve (and others) geo-blocking practices, and it has now been confirmed in an official report from the EU Commission.
Valve and several game publishers – such as ZeniMax and Bandai Namco – will be fined for using geo-blocking to restrict purchases of video games to/within certain EU member countries.
What is geo-blocking? In practice, geo-blocking means restricting access to certain games on Steam within a geographical area. The combination of territory-locking and Steam activation