Camstoll in the News

Russian Groups Crowdfund the War in Ukraine

By Jo Becker and Steven Lee Myers

…“Violent groups operating in war zones and their supporters abroad are exploiting advancements in communications and financial services technologies to more efficiently increase popular support and raise funds for their cause,” said Howard Mendelsohn, a former deputy assistant Treasury secretary and now the managing director of Camstoll Group, an advisory firm in Washington.

According to their own online appeals, the organizations have directed that donations be made via state-owned or state-controlled banks in Russia, including the country’s largest, Sberbank, or credit cards issued by those banks, some branded with MasterCard and Visa logos. Mr. Putin’s government, which strictly regulates nongovernmental organizations to monitor opposition political activity, has done little to stop the fund-raising.

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