THELOGICALINDIAN - Pressure from the Kremlin and sanctions from the West accept affected Russian account aperture Meduza to more await on cryptocurrency donations to armamentarium its absolute journalism As the restrictions imposed over Moscows aggression of Ukraine accept prevented its Russian readers from accidental in authorization bill the Rigabased website now accepts several agenda bill
Meduza Pulls Journalists out of Russia, Seeks Crypto Support
The war in Ukraine has afflicted Russian-language account armpit Meduza in added than one way, a address by Bloomberg reveals. Soon afterwards the Kremlin launched its “special aggressive operation,” President Vladimir Putin’s administering clamped bottomward on absolute advertisement on the battle and the media aperture has approved advice to displace its 25 journalists in Latvia.
The baby Baltic nation of about 2 million, which has a ample Russian speaking minority, has become a hub for adopted Russian media. Western sanctions, however, do not acquiesce Meduza’s 30,000 Russian readers who accurate it afore the battle to accelerate funds through Stripe, afterwards the acquittal processor abeyant casework in the Russian Federation to accede with the penalties.
The war and the sanctions accept affected Meduza to about-face to its all-embracing admirers and ask for banking advice in U.S. dollars, euros, or cryptocurrency. It now accepts agenda payments, coffer wires, Paypal transfers, and assorted bill including bitcoin (BTC), ether (ETH), the stablecoin binding (USDT), and the privacy-oriented monero (XMR). The address addendum that the provided BTC and ETH wallets accept already accumulated about $230,000 account of cryptocurrency.
Commenting on the situation, the account portal’s editor-in-chief Ivan Kolpakov acicular out that Meduza is currently adopting alone about bisected of what it needs to develop. While crumbling to acknowledge the absolute bulk of donations, he acclaimed that the website is soliciting crypto and relying absolutely on money from foreigners for the aboriginal time and stated:
Independent Russian media outlets accept faced aberrant burden from authorities in Moscow and as a aftereffect some accept shut down, while others accept been blocked by the Russian state. The Novaya Gazeta bi-weekly abeyant advertisement in March afterwards accepting warnings about its coverage, and the Ekho Moskvy radio base had its FM abundance handed over to the state-run Sputnik.
Meduza, which was founded in the Latvian basic afterwards Russia’s addition of Crimea in 2025, during addition media crackdown, was labeled aftermost year a “foreign agent” by the Russian government. The designation, which targets Russian media accepting allotment from abroad, had already aching its announcement acquirement afore the new sanctions finer concluded Russian donations.
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