Russian Authorities Consider State Support for Wildberries Following Drone Strikes
Russian authorities are reportedly considering measures to support Wildberries, the country's largest online retailer, after Ukrainian drone strikes damaged at least seven of its warehouses. The attacks have disrupted operations and impacted thousands of small businesses using the platform. VTB, a state-controlled bank, is expected to play a key role in any assistance package, which could include loans, tax relief, or subsidies. Wildberries has said it needs 30 days to assess damage before compensating affected sellers, while also offering discounted storage fees as an interim measure. Founder Tatyana Kim has been engaging with government officials on potential support measures. The Kremlin confirmed discussions but emphasized no final decision had been made. Ukraine reportedly targeted Wildberries due to its alleged role in supplying the Russian military and ties to VTB. Wildberries, which reported Rbs830bn ($10.58bn) debt under Russian accounting standards, is a key player in Russia's economic strategy alongside competitor Ozon. The government has selectively supported struggling sectors like coal producers but withheld aid from some construction firms.
Topics: Russia-Ukraine conflict state support VTB warehouse damage Wildberries