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The revenue of cross-border e-commerce in Russia fell by 55 percent in March 2022 compared to the corresponding month of the previous year. The decline was recorded due to the exodus of major international companies from Russia, including marketplaces like Asos and iHerb. Furthermore, after Visa and MasterCard stopped operating in Russia, the customers could no longer use cards of these systems to pay on foreign websites.
Year-over-year growth in cross-border e-commerce revenue in Russia from January to March 2022
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AKIT. (April 26, 2022). Year-over-year growth in cross-border e-commerce revenue in Russia from January to March 2022 [Graph]. In Statista. Retrieved April 27, 2024, from https://www.statista.com/statistics/1310887/cross-border-e-commerce-growth-russia/
AKIT. "Year-over-year growth in cross-border e-commerce revenue in Russia from January to March 2022." Chart. April 26, 2022. Statista. Accessed April 27, 2024. https://www.statista.com/statistics/1310887/cross-border-e-commerce-growth-russia/
AKIT. (2022). Year-over-year growth in cross-border e-commerce revenue in Russia from January to March 2022. Statista. Statista Inc.. Accessed: April 27, 2024. https://www.statista.com/statistics/1310887/cross-border-e-commerce-growth-russia/
AKIT. "Year-over-year Growth in Cross-border E-commerce Revenue in Russia from January to March 2022." Statista, Statista Inc., 26 Apr 2022, https://www.statista.com/statistics/1310887/cross-border-e-commerce-growth-russia/
AKIT, Year-over-year growth in cross-border e-commerce revenue in Russia from January to March 2022 Statista, https://www.statista.com/statistics/1310887/cross-border-e-commerce-growth-russia/ (last visited April 27, 2024)
Year-over-year growth in cross-border e-commerce revenue in Russia from January to March 2022 [Graph], AKIT, April 26, 2022. [Online]. Available: https://www.statista.com/statistics/1310887/cross-border-e-commerce-growth-russia/