Shares of Russian online marketplace Ozon drop more than 28% on Moscow Exchange after Ukrainian drone strikes on its warehouses

Ozon's shares on the Moscow Exchange plummeted more than 28% following Ukrainian drone attacks on its warehouses, according to wire material. The value of a share dropped to 2,129 rubles by 10:30 a.m. Moscow time, a sharp decline from earlier in the day. Following the opening of the Moscow Exchange's main trading session, Ozon shares slipped an additional 12.7%, settling at 2,600 rubles. The Moscow Exchange's benchmark index also suffered, opening at 2,092 points, marking a 2% drop from the previous session's close.

Ukrainian forces have targeted Ozon warehouses in multiple Russian regions for the third day in a row. These attacks have sent shockwaves through the market, affecting one of the largest and most liquid securities traded on the exchange. The blue-chip stocks, which include Ozon, are integral to calculating Russia's benchmark stock index. Ukraine's military has a history of striking warehouses belonging to other major Russian online marketplaces, notably Wildberries, which, unlike Ozon, does not trade publicly.

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