CarPrice halts client payouts after nationalization
CarPrice, a Russian used car sales platform, temporarily halted payments to clients and partners following its nationalization in March 2026 and transfer to state control via Rostec in April 2026. The company cited structural changes as the reason, promising to resume payments with interest within a week.
Consensus
- CarPrice temporarily suspended payments to clients and partners.
- The suspension was due to structural changes in the company.
- CarPrice was nationalized in March 2026 by a Moscow court decision.
- In April 2026, the company was transferred to Rostec.
- Payments are expected to resume within a week with interest applied.
- The company operates an online auction system for used cars.
- CarPrice was founded in 2014 and has operated in Russia since then.
- The company's legal entity is LLC 'Selanikar'.
Points of divergence
- The suspension was caused by the actions of the former CEO, Matthieu Lannegrand, a citizen of a hostile country, who remained in Europe and managed the business remotely, and who resigned after state control was transferred. — kommersant
- Rostec stated that the company is economically stable and that a new CEO has been appointed, awaiting updates in the EGRUL. — kommersant
- Rostec confirmed that the former CEO withdrew electronic signatures and powers of attorney, disrupting business processes. — kommersant
- The court decision was based on a request from the General Prosecutor's Office, which labeled Alexander Galitsky and Almaz Capital Partners as extremist organizations for allegedly aiding the Ukrainian military. — meduza
- Alexander Galitsky, who holds Dutch citizenship, left Russia two days after the court ruling. — meduza
- CarPrice has 150 centers across 60 cities and conducts around 300 auctions daily. — tg_moscowtimes_ru
- CarPrice helped sell cars for over 220,000 people since its launch. — tg_moscowtimes_ru
- CarPrice's revenue in 2025 was 7.7 billion rubles, with a net loss of 126.4 million rubles. — tg_moscowtimes_ru
- CarPrice promised to resume payments within the next week with compensation at the refinancing rate. — vesti
Coverage (5 sources)
- In Rostec commented on the suspension of payments to CarPrice clients — Коммерсантъ
- In CarPrice explained delays in payments changes in the company structure — Вести
- CarPrice platform for selling used cars after nationalization stopped paying clients — The Moscow Times
- CarPrice car sales service limited payouts to clients. Company was nationalized in spring and transferred to Rostec — Meduza
- RBC: CarPrice service for selling used cars suspended payments to clients — Коммерсантъ