**Wildberries, Russia’s largest e-commerce platform by gross merchandise value, has faced significant operational and financial strain from Ukrainian drone strikes on its warehouses beginning in July 2026.** These attacks damaged or destroyed an estimated 20–43% of storage capacity across more than 20 facilities, resulting in direct losses exceeding 200 billion rubles for the company and hundreds of billions more for third-party sellers whose inventory was affected. The firm already carried substantial debt—approaching 1.3 trillion rubles by some estimates, largely from state-linked lender VTB—alongside negative cash flows and covenant breaches on loans, prompting payment delays to sellers amid separate DDoS incidents. **Despite these pressures, Russian authorities have signaled support measures, including tax deferrals for affected sellers, debt restructuring guidance from the Central Bank, and potential access to alternative logistics networks.** Wildberries has responded by shifting toward smaller partner warehouses, adjusting seller commissions, and pursuing operational adaptations rather than insolvency proceedings. Its scale—representing a meaningful share of national retail turnover—and ties to major financial institutions make outright bankruptcy politically and economically costly in the current environment. Traders therefore assign only a low probability to a formal bankruptcy announcement before 2027, viewing state-backed stabilization and ongoing business continuity as the dominant near-term path.