Wildberries, Russia's dominant e-commerce platform with trillions in annual turnover, has faced severe damage from Ukrainian drone strikes on its warehouses since July 2026, destroying 10-20% of capacity and inflicting hundreds of billions of rubles in losses on sellers and the firm itself. The company carries substantial debt, largely owed to state-linked banks including VTB, with reports of covenant breaches and liquidity strain. In response, Kremlin officials have explored targeted government assistance, tax relief, and VTB-led support measures to stabilize operations and avert broader financial fallout for vendors and lenders. No bankruptcy filing or formal insolvency proceedings have been announced as of early September 2026. Traders price an 89% chance of no bankruptcy before 2027 in line with expectations of continued state backing for this systemically important retailer.