Russians spend $20bn online

2010-12-20

Russians are to spend RUB 600bn ($20bn) on online shopping in 2010, according to Citibank. The majority of internet purchases takes place in Moscow and St. Petersburg. It is estimated that the market for electronic payments and online shopping in Russia will exceed RUB 800bn ($26bn) by 2012. The most active internet consumers are young and educated Russians, mid-level managers and business owners. Men shop online twice as much as women. Flight tickets account for over a third (34.8%) of all online purchases. Buying train tickets is among the three top products in terms of the amount of money spent and the number of transactions.

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