Russia is facing a potential wave of mass bankruptcies among independent entrepreneurs who sell goods via the Wildberries marketplace, following a sustained campaign of Ukrainian drone strikes that has dismantled the company’s logistics network. According to Reuters, hundreds of billions of rubles are needed to compensate sellers for inventory destroyed in the burning warehouses, but the state lacks the resources to cover the losses.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official. “No one has that kind of money to support the sellers. We are talking about hundreds of billions of rubles,” the Kremlin source told Reuters. The situation is particularly dire for individual entrepreneurs, who make up a significant portion of the vendors on Wildberries. Under Russian law, these individuals are personally liable for their business debts. Sellers who purchased their now-destroyed inventory on credit face not only bankruptcy but the potential seizure of their personal assets. The Russian Chamber of Commerce and Industry has reportedly proposed altering the bankruptcy procedures to protect these specific entrepreneurs. Concurrently, Russian authorities are discussing a package of support measures, including credit holidays, preferential loans, and tax breaks. However, direct financial compensation for the destroyed goods is not currently under consideration. At least 20 Wildberries logistics centers have been targeted by Ukrainian drones since mid-July, resulting in the loss of approximately 1.2 million square meters (12.9 million square feet) of warehouse capacity.
Wildberries Sellers Face Ruin After Warehouse Strikes
Russian entrepreneurs selling on Wildberries face a wave of bankruptcies after Ukrainian drone strikes destroyed 1.2 million square meters (12.9 million square feet) of warehouse capacity.













