Amid crisis, key Russian e-commerce players claim continued growth

Amid the economic turmoil of this and last year, the Russian online retail market is still appealing in many respects. This consensus emerged from the eDays e-commerce conference, an internationally-oriented event which was held for the second time in Moscow on June 4 and 5.


In 2014, the domestic market grew by 35% in nominal terms, or some 15% in real terms, to 560 billion rubles ($14.5 billon at the average exchange rate) for physical goods only, said Fedor Virin of research agency Data Insight. This growth rate was lower than that of the preceding years – but still impressive if taking into account the stagnation of the offline retail market.


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