E-commerce in Russia: Hurtling along
Rapid growth rate maintained. The Russian e-commerce sector is maintaining its strong growth, with turnover rising 23 % in 2019 to US$23 billion. Pre-Covid-19 forecasts were for market growth of around 17% in 2020 – however, all bets are now off. Some e-commerce sectors will race ahead, above that forecast. Others will lag, although the overall growth figure will be impressive.