Not too good for the banks, I think becauseWildberries wearhouses / distribution centers in the Samara and Vladamir regions have been completely eliminated over the last 48 hours. The systematic destruction of the company continues.
Thus far rhe destroyed wearhouses have impacted more than 25,000 Russian jobs, shrinking the tax base in Russia and, undoubtedly signing the death warrants for thousands of employees that will be drafted into Putin's war, only to be eliminated at the front.
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NOELREPORTS (@noelreports.com)
This is how the Wildberries facility in Novosemeykino, Samara region is looking like this morning. Completely burned out after Ukrainian FP-1 drones attacked it yesterday. #Russiabsky.app
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- some Wildberries traders will have borrowed from banks to set up and stock their business and will have gone bust
- I believe Wildberries borrowed from banks to set up its business and may not be be able to both service its loans and rebuild warehouses destroyed if its buildings insurance did not cover acts of war
so I guess the banks will have to write off a lot of loans to traders who were wiped out by losing uninsured stock and may need to allow Wilberries to fall into arrears on servicing its bank loans
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