Wildberries and sellers’ combined losses from Ukrainian drone attacks estimated at hundreds of billions of rubles

According to Sergei Semko, lead analyst at Data Insight research agency, Wildberries could face combined losses from Ukrainian drone attacks on its warehouses amounting to between 147 billion and 223 billion rubles. If the retailer needs to demolish the affected buildings, clear debris and reclaim the land, those costs could rise to 169 billion to 278.9 billion rubles.

Sellers that rely on Wildberries, such as those who lost up to 95% of their inventory to fires, could collectively lose between 445 billion and 507.8 billion rubles, estimated by Semko. The Association of Suppliers of Goods for Trading on Electronic Platforms, led by Margarita Evstigneeva, said that over 400,000 sellers have been impacted, with total losses ranging from 600 billion to 700 billion rubles.

These losses include both lost profits and production costs for the goods themselves, ranging from 200 billion to 300 billion rubles. Wildberries has been targeted by Ukrainian attacks since mid-July, with direct losses potentially exceeding 100 billion rubles as of August 5, according to The Bell's estimate. Sellers' losses were estimated at 215-280 billion rubles in early August.

The Bank of Russia has recommended that banks assist small and medium-sized businesses affected by the drone attacks, following Deputy Prime Minister Alexander Novak's directive to develop support measures for entrepreneurs impacted by the Wildberries attacks.