Wildberries (RWB) faces severe pressure from repeated Ukrainian drone strikes on its warehouses since July 2026, which have destroyed an estimated 20-40% of storage capacity and generated losses in the hundreds of billions of rubles alongside negative operating cash flow and roughly 1.3 trillion rubles in short-term debt. Russian authorities and state-linked institutions, including VTB Bank, have responded with debt restructuring guidance from the Central Bank, tax deferrals, seller support measures, and explored targeted assistance to limit systemic spillovers to lenders and small businesses. The company has adjusted operations by reducing commissions, shifting to partner facilities, and pausing investments while maintaining its dominant role in Russian e-commerce. These factors underpin trader consensus that an outright bankruptcy filing remains unlikely before the end of 2026 absent major escalation.