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Russians' Online Basket Worth RUR 400 BN
3.01.2014 16:52
Russians' Online Basket Worth RUR 400 BN
Photo Credit: http://www.frugallivingforlife.com

The volume of online shopping done by Russians reached RUR 400 billion, says a recent survey.

      According to Data Insight, the bulk of the orders were made in foreign Internet stores, with the most popular items being clothes, footwear, and cosmetics.

      These goods often cost half as much as in Russia, even if you factor in shipping costs.

      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%).

      But, apparently, this wouldn’t last forever. Earlier, Russia-IC reported that the Russian Customs Service was lobbying for a 10 percent duty to be slapped on e-commerce items.

      The move seems ever more possible after the recent statements 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.

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Author: Mikhail Vesely

Tags: e-commerce in Russia     

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