Burn Warehouses, Crash Banks?
Oleg Loginov on the fallout from attacks on Wildberries, "Russia's Amazon"
Ukrainian forces have intensified their attacks on Wildberries, Russia's e-commerce competitor to Amazon, with nearly all key logistics hubs under attack. The Ukrainian President claims this campaign aims to disrupt Russian military supply lines, but Ukrainian advisers say the true objective is to damage the Russian economy and trigger a financial crisis by collapsing Wildberries, which generates over 6 trillion rubles in turnover.
Disrupting Wildberries is seen as a way to damage major Russian banks that have substantial loans to the company, potentially leading to a collapse of the banking system. The International Criminal Court is unlikely to investigate such strikes due to Russia's non-ratification of the Rome Statute. Wildberries commands an estimated 45% of the Russian e-commerce market, compared to Ozon's 32%, and has experienced explosive growth since 2021, outpacing the overall e-commerce market.
Written by urgent.news from Riddle Russia's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
