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Ukraine targets Ozon after Wildberries in push to hit Russia's economy
CNBC • • general
Key Points:
- Ukraine is intensifying its drone attacks on Russia's e-commerce logistics infrastructure, expanding from targeting Wildberries to now including Ozon, Russia's second-largest online retailer.
- Recent strikes have hit multiple logistics hubs, including locations in Makhachkala, Enem, and the Samara region, causing significant disruptions and a nearly 30% drop in Ozon's shares on the Moscow Exchange.
- Ukraine's Ministry of Defense stated these attacks aim to disrupt Russian supply chains and impact the economy by targeting storage centers holding dual-use goods linked to military components.
- Russian President Vladimir Putin condemned the strikes as opening "Pandora's box" and vowed retaliatory actions against Ukraine's sensitive economic sectors.
- The combined revenue of Russia's top e-commerce platforms—Wildberries, Ozon, and Yandex Market—accounts for over 5% of Russia's GDP, highlighting the economic significance of these targeted attacks amid ongoing wartime pressures.
