An employee of a diamond mining company in Russia has reportedly been sentenced to seven years in prison for providing financial support to Ukraine’s armed forces.
According to local media outlet Izvestia, a man from Yakutia’s Mirninsky district is now being held in a high-security prison after using cryptocurrency to repeatedly transfer money to the Armed Forces of Ukraine (AFU).
According to the report, the man helped an AFU unit carry out intelligence and subversive activities against Russia by providing financial support. He allegedly received instructions to transfer money to a digital wallet after joining a group on a social network.
The Russian Federal Security Service (FSB) says according to the report:
“A criminal case was initiated and investigated against a resident born in 1988 under Art. 275 (‘Treason in the form of financial support to a foreign state, international or foreign organization or their representatives in activities aimed against the security of the Russian Federation’) of the Criminal Code of Russia.”
Russia and Ukraine are capitalizing on crypto amid the ongoing war between the two countries. After the Russian invasion, the Ukrainian government announced it would accept crypto donations for wartime support.
Companies in Russia are now using Bitcoin (BTC) and other digital currencies to participate in foreign trade as the country faces Western sanctions.
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