Ukraine war briefing: Ozon next in Kyiv’s sights as sheds of Wildberries rival burn

Ukraine has launched strikes against four more warehouses of Ozon, Russia's second-largest online retailer, in addition to its rival Wildberries. This escalation in attacks comes as Russian companies are vulnerable to being taken over by the state under a decree by President Putin. The consequence is a sharp decline in Ozon's shares, falling by almost 30% on Monday, as investors worry about the company's logistics and operations. This development is significant for markets, as it highlights the ongoing risks and uncertainties in the region, potentially affecting trade and economic stability.

Why it matters

The ongoing conflict in Ukraine is escalating with potential attacks on Russian companies. This could lead to increased instability and uncertainty in the market.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

Explore the intelligence

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Guardian. For information only — not financial advice.