Wikileaks will stop publishing, saying that a “financial blockage” from PayPal, Bank of America and other sites are depleting its funding

WikiLeaks will stop publishing leaked documents, the group’s founder Julian Assange announced in a press conference Monday.

“Since the 7th of December 2010, an arbitrary and unlawful financial blockade imposed by the Bank of America, Visa, MasterCard, PayPal and Western Union has destroyed 95 percent of our revenue,” Assange said in a London press conference streamed online Monday morning.

As first reported in the Telegraph, the group said that it will halt publishing as it solicits its supporters for donations. “We are forced to temporarily suspend publishing whilst we secure our economic survival,” the group wrote in a statement.

WikiLeaks said on its Web site that the blockade is completely illegal. The group cited a U.S. Treasury report that said it did not have evidence necessary to place the group on a sanctions list.

WikiLeaks spokesman Kristinn Hrafnsson claimed that the group could have raised between 40 and 50 million euros if not for the companies’ actions. Assange said that it is exploring options for litigation in several countries, including the U.S., against the blockade.

The Post’s Karla Adam in London has the full story.

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