Russian E-Commerce Soars 25%, Biggest Players Up 70% - Huge Pent-Up Demand

Russia’s old economy is stagnating, but the new one of e-commerce is growing in double digits and is still accelerating. All the conditions for e-commerce to take off are now in place, says Alexander Shulgin, CEO of one of Russia’s big-three online retailers Ozon, in his first extensive interview with bne IntelliNews, and the sector can look forward to at least a decade of fast growth.