Meduza, a prominent independent Russian-language news site, knew it was in trouble after Russian President Vladimir Putin invaded Ukraine. But it didn¡¯t expect the issues to come from Western sanctions.
Soon after the measures were announced, Russian readers began complaining payments via Stripe to the Latvian-based outlet weren¡¯t going through, after the payments firm was forced to stop its service in the country.
¡°We couldn¡¯t predict that the sanctions of Western governments will come first and destroy our crowdfunding,¡± forcing Meduza to start soliciting crypto and rely entirely on money from foreigners for the first time, Editor-in-Chief Ivan Kolpakov said.
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