Russian e-commerce market posts explosive growth during Covid pandemic ...News

Economy by : (Russia Today) -
Online shopping was booming in Russia last year, with trade volumes increasing by nearly 60 percent compared to 2019, according to a business group representing major online retailers operating in the country. Russian purchases from foreign and domestic online stores totaled 3.22 trillion rubles (around $43.76 billion) last year, the Association of Online Traders (AKIT) said in its latest report, as cited by the media. The most significant growth was seen in Russia’s domestic e-commerce market, as turnover almost doubled compared to a year ago to reach 2.78 trillion rubles ($37.72 billion) in 2020. Also on r

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