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Kremlin Issues Warning to E-Commerce
20.12.2013 12:12
Kremlin Issues Warning to E-Commerce
Photo Credit: http://www.techinasia.com

The future of e-commerce in Russia has been overshadowed by the recent statements coming from the Kremlin.

      In his annual address to the Federal Assembly, the Russian president suggested slapping online trade with more taxes that would be used to finance the construction of engineering infrastructure.

      According to the authorities, bricks-and-mortar stores are suffering from unequal competition.

      As a follow-up, Andrey Belousov, presidential aide for economy, promised to tackle this inequality in a very cautious manner because it would have an impact on hundreds of thousands of people.

      “Online stores pay almost no imports duties or VAT. This is not quite fair,” RIA Novosti quotes Belousov as saying.

      Early, Russia-IC reported that Russia is one of the five hottest export opportunities for e-commerce companies across the world as revealed by a PayPal study.

      According to the joint survey with Nielsen, foreign businesses stepped up their exports to Russia – US (41%), UK (36%), Germany (75%), Australia (67%), China (55%), and Brazil (168%).

      Russia-IC also reported that the Russian Customs Service was lobbying for a VAT tax to be slapped on e-commerce items.

      You can also read our reports on fashion online stores to check out what famous Russian designers have on offer.

      If you need more info, just use our search button or drop us a line.

       




Author: Mikhail Vesely

Tags: e-commerce online stores in Russia    

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