The debt of the five largest Russian technology companies in 2025 increased by 53% and exceeded 2 trillion rubles. The Russian publication The Bell reported this on June 2, citing a review of the financial stability of the Central Bank of the Russian Federation.
We are talking about companies with assets of more than 200 billion rubles that use digital technologies, platforms and create ecosystems of services for clients.
According to the Central Bank of the Russian Federation, their debts are growing faster than their assets. If over the year debt increased by 53%, then assets – by 48%, to 4.6 trillion rubles.
The publication notes that among the largest debtors are probably the Wildberries and Ozon marketplaces. The debts of the latter, according to annual reports, at the end of 2025 reached 291.6 billion rubles.
With Wildberries, the situation is less transparent, since the Wildberries&Russ group is not a public company and does not disclose financial indicators. At the same time, from the reports of the main operating legal entity of the marketplace it follows that the company’s short-term loans over the year increased almost eightfold: from 104 billion rubles. up to 802 billion rubles, and long-term – another 28 billion rubles.
The Bell's sources working in the field of online trading claim that the total debt load of Wildberries at the end of 2025 could approach 1.3 trillion rubles, and the debt to the Russian state bank VTB could exceed 500 billion rubles.
The Central Bank of the Russian Federation is “concerned” about the growth rate of debts of the largest IT giants, and also drew attention to signs of a slowdown in the growth of the Russian e-commerce market.
