diff --git a/python/python-psi-impl/src/com/jetbrains/python/inspections/PyMissingConstructorInspection.java b/python/python-psi-impl/src/com/jetbrains/python/inspections/PyMissingConstructorInspection.java
index c9c2eb49e9e0..69c066cd4bb3 100644
--- a/python/python-psi-impl/src/com/jetbrains/python/inspections/PyMissingConstructorInspection.java
+++ b/python/python-psi-impl/src/com/jetbrains/python/inspections/PyMissingConstructorInspection.java
@@ -28,14 +28,7 @@ import com.intellij.psi.PsiElementVisitor;
 import com.intellij.psi.PsiReference;
 import com.jetbrains.python.PyPsiBundle;
 import com.jetbrains.python.inspections.quickfix.AddCallSuperQuickFix;
-import com.jetbrains.python.psi.LanguageLevel;
-import com.jetbrains.python.psi.PyCallExpression;
-import com.jetbrains.python.psi.PyClass;
-import com.jetbrains.python.psi.PyExpression;
-import com.jetbrains.python.psi.PyFunction;
-import com.jetbrains.python.psi.PyQualifiedExpression;
-import com.jetbrains.python.psi.PyRecursiveElementVisitor;
-import com.jetbrains.python.psi.PyUtil;
+import com.jetbrains.python.psi.*;
 import com.jetbrains.python.psi.types.TypeEvalContext;
 import java.util.Objects;
 import java.util.Optional;
@@ -67,7 +60,7 @@ public class PyMissingConstructorInspection extends PyInspection {
 
       if (superClasses.length == 0 ||
           superClasses.length == 1 && OBJECT.equals(superClasses[0].getText()) ||
-          !superHasConstructor(node, myTypeEvalContext)) {
+          !superHasNonAbstractConstructor(node, myTypeEvalContext)) {
         return;
       }
 
@@ -86,14 +79,16 @@ public class PyMissingConstructorInspection extends PyInspection {
       }
     }
 
-    private static boolean superHasConstructor(@NotNull PyClass cls, @NotNull TypeEvalContext context) {
+    private static boolean superHasNonAbstractConstructor(@NotNull PyClass cls, @NotNull TypeEvalContext context) {
       final String className = cls.getName();
 
       for (PyClass baseClass : cls.getAncestorClasses(context)) {
         if (!PyUtil.isObjectClass(baseClass) &&
-            !Objects.equals(className, baseClass.getName()) &&
-            baseClass.findMethodByName(INIT, false, context) != null) {
-          return true;
+            !Objects.equals(className, baseClass.getName())) {
+          var initMethod = baseClass.findMethodByName(INIT, false, context);
+          if (initMethod != null && !PyKnownDecoratorUtil.hasAbstractDecorator(initMethod, context)) {
+            return true;
+          }
         }
       }
 
diff --git a/python/testData/inspections/PyMissingConstructorInspection/abstractConstructor.py b/python/testData/inspections/PyMissingConstructorInspection/abstractConstructor.py
new file mode 100644
index 000000000000..007e9236cfb3
--- /dev/null
+++ b/python/testData/inspections/PyMissingConstructorInspection/abstractConstructor.py
@@ -0,0 +1,46 @@
+from abc import abstractmethod
+
+class A1:
+    @abstractmethod
+    def __init__(self):
+        pass
+
+
+class A2:
+    @abstractmethod
+    def __init__(self):
+        pass
+
+
+class B1:
+    def __init__(self):
+        pass
+
+
+class B2:
+    pass
+
+
+class C1(A1):
+    def __init__(self):
+        pass
+
+
+class C2(A1, A2):
+    def __init__(self):
+        pass
+
+
+class C3(A1, B1):
+    def <warning descr="Call to __init__ of super class is missed">__init__</warning>(self):
+        pass
+
+
+class C4(B1, A1):
+    def <warning descr="Call to __init__ of super class is missed">__init__</warning>(self):
+        pass
+
+
+class D(B2, A1):
+    def __init__(self):
+        pass
\ No newline at end of file
diff --git a/python/testSrc/com/jetbrains/python/inspections/PyMissingConstructorTest.java b/python/testSrc/com/jetbrains/python/inspections/PyMissingConstructorTest.java
index 3c19e6dccab0..8bcfd0aec800 100644
--- a/python/testSrc/com/jetbrains/python/inspections/PyMissingConstructorTest.java
+++ b/python/testSrc/com/jetbrains/python/inspections/PyMissingConstructorTest.java
@@ -71,6 +71,11 @@ public class PyMissingConstructorTest extends PyTestCase {
     doTest();
   }
 
+  // PY-33265
+  public void testAbstractConstructor() {
+    doTest();
+  }
+
   private void doTest() {
     myFixture.configureByFile(TEST_DIRECTORY + getTestName(true) + ".py");
     myFixture.enableInspections(PyMissingConstructorInspection.class);