Cost of insuring warehouses skyrockets in Russia following drone strikes

Andrii Muravskyi - 13 October, 17:57

Insurers have hiked the prices of insurance policies due to massive Ukrainian strikes on large warehouse facilities in Russia, which have caused multi-billion-rouble losses for major online marketplaces.

Source: The Moscow Times, as reported by Ukrainska Pravda

Details: According to the services Polis.online and Rental Pro, the average rate for warehouse insurance in Q3 2026 has increased 13-20 times year-on-year and nearly 7 times compared to Q2 (reaching 2% of the property value).

Market participants told Russian media outlet Vedomosti that the cost of policies for large warehouses has risen even more steeply.

For instance, at Renaissance Insurance, the cost of a policy for a Class A dry warehouse went up 37.5 times between June and September, rising from 0.08-0.15% of the insured sum to 3-5%. The broker Mains estimated that insuring a warehouse containing inventory worth 10 billion roubles (about US$100 million) would cost up to 500 million roubles (US$5 million). A year ago it cost 20-25 million roubles (US$200,000-250,000).

The Moscow Times notes that Ukrainian forces began striking large Wildberries warehouses in mid-July, and Ozon facilities late August.

According to the report, Data Insight estimates the losses suffered by Wildberries due to the destruction of warehouses and infrastructure at between 147 and 280 billion roubles (about US$1.47-2.8 billion), and Ozon's losses at approximately 100 billion roubles (US$1 billion).

Background:

The Russian company Yandex announced the shutdown of a data centre in Vladimir following a drone attack. Prior to that, a Yandex data centre in Sasovo, Ryazan Oblast, completely ceased operations after a drone attack.
Following a series of Ukrainian attacks on Wildberries logistics centres, the company announced a tender for the supply of 478,000 sq m of galvanised metal mesh for the eight Russian regions where it has logistics hubs.
Ozon's share price plunged 12.7% to 2,600 roubles (about US$26) on the Moscow Exchange after Ozon warehouses in various regions of Russia were attacked by drones for three days in a row.
In August, Kremlin leader Vladimir Putin instructed the Russian government to adopt a programme to rebuild logistics and warehouse facilities damaged by Ukrainian strikes, which he described as "terrorist attacks".

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