What Wildberries probably is a Russian version of an earlier Amazon, when Amazon was not worth much and was struggling to find its way to become a major business, but in a much smaller, sanctions-plagued market like Russia

Thinking that if you take down Wildberries all Russian retail trade will collapse is wrong. No, it will not. Retail is one of the fastest-recovering, most flexible, and most fluid industries. Russia can live without it. It did so only a few years ago.

The main conclusion from Ukrainian strikes, sanctions, and all these sources of pressure is that the pressure is working. The cracks are visible. Ukrainian strikes are adding fuel to the fire, significantly and visibly exacerbating the crisis

The article also goes into more details related to the June partnership between Wildberries and VTB (“Foreign Trade Bank"), one of the biggest Russian players and second-biggest bank after Sberbank, and how big of a whole it is for them

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[–] bitteroldcoot@piefed.social 27 points 2 months ago* (last edited 2 months ago)

They weren't attacking it as a retail business. They attacked it because putin was using its contacts to buy military supplies for the army, labeling them toys, and bypassing sanctions.

They sold fiber optic spools for controlling drones, body armor and helmets. They are a military supplier now.

Why is there a never ending line of these kind of posts, pretending they are still just a retail business?

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