Russian E-Commerce Giants Beg Kremlin for Bailout After Devastating Drone Strikes
- Russia’s largest e-commerce companies have appealed to the government for non-refundable federal financial aid to compensate sellers for catastrophic losses caused by Ukrainian drone attacks, The Moscow Times reported on August 14.
- The appeal follows a Ukrainian drone campaign that destroyed all of industry giant Wildberries' major warehouses, eliminating roughly one-third of the company’s total storage capacity.
- A recent report estimates the total financial impact could approach 1 trillion rubles ($11.87 billion), comprising up to 700 billion rubles ($8.31 billion) in lost seller merchandise a
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- Russia’s largest e-commerce companies have appealed to the government for non-refundable federal financial aid to compensate sellers for catastrophic losses caused by Ukrainian drone attacks, The Moscow Times reported on August 14.
- The appeal follows a Ukrainian drone campaign that destroyed all of industry giant Wildberries' major warehouses, eliminating roughly one-third of the company’s total storage capacity.
- A recent report estimates the total financial impact could approach 1 trillion rubles ($11.87 billion), comprising up to 700 billion rubles ($8.31 billion) in lost seller merchandise a
Sources: United24media