Russia’s Wildberries Says Ukraine Sanctions Will Hurt Entrepreneurs, Not Company



Reuters Staff | Reuters

Russian online retailer Wildberries said on Tuesday it expected no negative impact from sanctions Ukraine had imposed on the company last week but said the move would harm Ukrainian entrepreneurs using its platform.

Privately-owned Wildberries, Russia’s e-commerce market leader, offers about 4 million products from 40,000 brands and reported full-year transaction volumes of 437.2 billion roubles ($6 billion) in 2020. It said sales in Ukraine accounted for just 0.01% of current turnover.

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