Russian Central Bank Urges Lenders to Support Businesses Impacted by Wildberries Warehouse Attacks
A senior executive at Sberbank said the state-backed lender has already received around 2,000 applications for loan restructuring from business owners impacted by the attacks.
Russia's Central Bank has urged lenders to provide loan relief to businesses affected by drone attacks on Wildberries' logistics facilities in Ukraine. Since mid-July, Ukraine has targeted nearly two dozen of Wildberries' storage centers, alleging the company supplied the Russian military with drone parts and equipment. These strikes have severely impacted the e-commerce giant's storage capacity and caused third-party merchants to lose hundreds of billions of rubles, as reported by Forbes Russia.
Small and medium-sized enterprises that have suffered due to the attacks can now apply for loan restructuring through major Russian banks, including Sberbank, VTB, and Wildberries Bank. Sberbank's senior executive, Sergei Melamed, confirmed they have received around 2,000 applications for loan restructuring from businesses impacted by the disruptions.
Russia's Prosecutor General's Office has labeled The Moscow Times as an "undesirable" organization, effectively criminalizing its work and putting journalists at risk of prosecution. This comes after earlier accusations of being a "foreign agent," aimed at silencing independent journalism. The paper refutes these claims, asserting its commitment to providing accurate, unbiased reporting on Russia. They urge supporters to contribute as little as $2 per month to help continue their work.
Written by urgent.news from The Moscow Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.