Russian car-sales platform CarPrice limits payouts after investor branded ‘extremist’ for aiding Ukraine
CarPrice, a Russian used-car sales platform, has temporarily limited payments to individuals and businesses, according to the Russian business outlet RBC. In an official response to a customer’s inquiry, the company said:
Due to a change in the company’s structure, there are temporary restrictions on payments to individuals and legal entities. Payments will resume shortly, including interest calculated at the refinancing rate for the delay.
CarPrice hotline staff confirmed the restrictions to RBC, saying the company plans to resume payments within a week. Company spokespeople did not comment on the matter.
CarPrice lets car owners sell vehicles through online auctions where car dealers bid. According to the company’s website, an auction begins once the vehicle is inspected, and the highest bid is determined within half an hour. Owners who accept the price sign a sales contract and are paid immediately.
CarPrice’s statement did not specify which payments to businesses it was referring to. The statement may refer to the refund of deposits that dealers must put down to take part in the auctions.
In March 2026, at the request of the Prosecutor General’s Office, Moscow’s Tverskoy District Court declared investor Alexander Galitsky and the fund he founded, Almaz Capital Partners, an “extremist association.” Prosecutors alleged that the fund had provided assistance to Ukraine’s Armed Forces.
As part of the case, authorities seized assets belonging to Galitsky and his partners. Among the seized assets, the court nationalized CarPrice — a company his fund had invested in, according to reporting by the Russian business daily Vedomosti. In April, CarPrice was handed over to Rostec.
Galitsky, who holds Russian citizenship and a Dutch passport, left Russia two days after the March ruling.
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