Russian E-Commerce Giants Wildberries, Ozon Hit by Warehouse Damage; Consumer Boom Ends

About 20% of Wildberries' warehouses were damaged by late August, disrupting Russia's largest online marketplaces. This marks a reversal of the logistics-driven consumer boom that had offset sanctions and tax hikes since the war began. The Central Bank warns of reduced supply and fewer discounts, signaling a contraction in Russian consumption.