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Wildberries Eyes State Support, Seeks Warehouses in Kazakhstan Amid Ukrainian Drone Strikes
['The Moscow Times', 'July']
The Moscow Times - Independent News From Russia
Kommersant, citing four commercial real estate market sources, reported Wednesday that Wildberries is looking for about 100,000 square meters (1.1 million square feet) of warehouse space in Kazakhstan.
Finding sufficient warehouse space in Kazakhstan may prove difficult.
Stanislav Akhmedzyanov, managing partner at IBC Global, told Kommersant that no single warehouse block of 100,000 square meters currently exists in Kazakhstan.
As of the end of June, only around 130,000 square meters of warehouse space was available nationwide, scattered across several cities.
Sources told Reuters that government support under discussion could include loans from state-owned banks to Wildberries or its sellers, as well as tax breaks or subsidies.