IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxy2017i3bp472-483.html
   My bibliography  Save this article

Current Trends in the Development of Russia’s E-Commerce Sector

Author

Listed:
  • Julia Vladimirovna Gnezdova
  • Vladimir Ivanovich Barilenko
  • Nikolai Nikolaevich Semenov
  • Yurii Vasil'evich Yakutin
  • Svetlana Vladimirovna Sharova

Abstract

This paper examines some of the latest trends in the market for electronic commerce that have been unfolding recently in a climate of rapidly evolving information and communications technology. In Russia, this segment of the economy is currently developing at a considerable pace, attracting a great many clients, with online sales posting steady gains, which is having an increasingly greater impact on the nation’s economy. The need, eventually, arises to explore in detail the current state and prospects for the development of the domestic e-commerce market. The volume of sales generated online in Russia is expected to only increase going forward, with Internet commerce set to be one of the most promising areas for business development. This has been facilitated by recent boosts in the population’s purchasing power and the increasingly overwhelming popularity of Internet commerce. Having said that, there are also several impeding factors hindering the market from growing at full capacity. These include existing restrictions on the distance sale of pharmaceuticals and alcohol, certain legal issues inherent in the sale of jewelry, and the high costs of merchant acquiring services online stores are facing. Cross-border trade continues to outdo the Russian local market in growth. If this imbalance in conditions for the conduct of business persists, there is sufficient likelihood that foreign companies will one day own all of the Russian Internet market.

Suggested Citation

  • Julia Vladimirovna Gnezdova & Vladimir Ivanovich Barilenko & Nikolai Nikolaevich Semenov & Yurii Vasil'evich Yakutin & Svetlana Vladimirovna Sharova, 2017. "Current Trends in the Development of Russia’s E-Commerce Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 472-483.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:472-483
    as

    Download full text from publisher

    File URL: http://ersj.eu/dmdocuments/2017-xx-4-b-35.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Eleftherios Thalassinos, 2008. "Trends and Developments in the European Financial Sector," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2008(3), pages 44-61.
    2. Jean-Pierre Allegret & Helene Raymond & Houda Rharrabti, 2016. "The Impact of the Eurozone Crisis on European Banks Stocks Contagion or Interdependence?," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 129-148.
    3. Winston Pontoh, 2017. "The Capital Structure: Is Debt just a Policy or Requerement?," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 128-139.
    4. V.V. Mitrokhin & S.S. Artemyeva & I.K. Simaeva, 2016. "Assessment of the Balance Degree of Loan Companies Banking Policy," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 19-31.
    5. G.A. Batischeva & M.Y. Denisov & I.V. Rybchinskaya & M.B. Stryukov, 2017. "Influence of Social and Economic Development of the Region on the Functioning of the Regional Banking System," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 490-499.
    6. Eleftherios I. Thalassinos & Bozhana Venediktova & Daniela Staneva-Petkova & Vicky Zampeta, 2013. "Way of Banking Development Abroad: Branches or Subsidiaries," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 69-78.
    7. Simon Grima & Inna Romanova & Frank Bezzina & Frank Chetcuti Dimech, 2016. "Alternative Investment Fund Managers Directive and its Impact on Malta’s Financial Service Industry," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 70-85.
    8. Stavros H. Arvanitis & Irakleia S. Tzigkounaki & Theodoros V. Stamatopoulos & Eleftherios I. Thalassinos, 2012. "Dynamic Approach of Capital Structure of European Shipping Companies," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 5(3), pages 33-63, December.
    9. Konstantinos Liapis & Antonios Rovolis & Christos Galanos & Eleftherios Thalassinos, 2013. "The Clusters of Economic Similarities between EU Countries: A View Under Recent Financial and Debt Crisis," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 41-66.
    10. Eleftherios I. Thalassinos & Theodoros Stamatopoulos & Pantelis E. Thalassinos, 2015. "The European Sovereign Debt Crisis and the Role of Credit Swaps," World Scientific Book Chapters, in: Anastasios G Malliaris & William T Ziemba (ed.), THE WORLD SCIENTIFIC HANDBOOK OF FUTURES MARKETS, chapter 20, pages 605-639, World Scientific Publishing Co. Pte. Ltd..
    11. Zulfi Diane Zaini, 2017. "The Function of Financial Services Authority (FSA) in Dispute Settlement Banking Customers in Indonesia," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 69-81.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Natalia Nikolaevna Natocheeva & Yury Alexandrovich Rovensky & Tatiana Viktorovna Belyanchikova & Yury Yuryevich Rusanov, 2017. "The Diversification of Banking Capital Sources and Cash Flow Granularity in Merger and Acquisition Transactions," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 501-514.
    2. Andrei V. Vlasov, 2017. "The Evolution of E-Money," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 215-224.
    3. Irina Japparova & Ramona Rupeika-Apoga, 2017. "Banking Business Models of the Digital Future: The Case of Latvia," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 846-860.
    4. N.G. Vovchenko & M.G. Holina & A.S. Orobinskiy & R.A. Sichev, 2017. "Ensuring Financial Stability of Companies on the Basis of International Experience in Construction of Risks Maps, Internal Control and Audit," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 350-368.
    5. repec:ers:journl:v:v:y:2017:i:1:p:3-17 is not listed on IDEAS
    6. Nikolay Tikhonovich Labyntsev & Elena Aleksandrovna Sharovatova & Irina Aleksandrovna Omelchenko & Tatyana Valeryevna Makarenko, 2017. "Tendencies of Standardisation of Management Accounting in Russian and International Practices," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 45-60.
    7. John Chalikias, 2017. "The Manufacturing Sector of Greece Before and During the Financial Crisis," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 3-17.
    8. Nikolaos K. Kalogeridis & Evagelos Drimbetas & Marios E. Menexiadis, 2016. "The Effect of Internal, Industry and Macroeconomic Factors on Banking Profitability: Evidence from the Post 2000 Southern European Banking Sector," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4).
    9. M.A. Surzhikov & A.A. Sycheva, 2017. "Process Approach to Modeling of National and Global Securities Market Operation," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 84-91.
    10. N.V. Petrasheva & S.I. Ulezko & A.V. Yakovlev & A.L. Klochkova, 2017. "Economic Crime and Problem of Complicity Understanding," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 208-214.
    11. E.A. Posnaya & I.G. Vorobyova & S.V. Tarasenko, 2017. "Improving the Bank Reliability Evaluation Framework," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 138-147.
    12. O.V. Andreeva & E.V. Shevchik, 2017. "Organizational and Financial Modeling of Transnational Industrial Clusters Sustainable Development: Experience, Risks, Management Innovation," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 137-147.
    13. Xanthippi Chapsa & Nikolaos Tabakis & Athanasios L. Athanasenas, 2018. "Investigating the Catching-Up Hypothesis Using Panel Unit Root Tests: Evidence from the PIIGS," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 250-271.
    14. Oksana Viktorovna Kuchmaeva & Elena Aleksandrovna Maryganova & Olga Anatolievna Mahova & Tatyana Pavlovna Maksimova, 2017. "Implementing the Concept of Sustainable Development in Russia: Developing the Childhood Infrastructure," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 522-535.
    15. Baurzhan R. Shakirtkhanov, 2017. "Venture Funds as one of the Major Sources of Investment for Innovative Entrepreneurship in the Republic of Kazakhstan," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 334-347.
    16. Elena G. Popkova & Ekaterina A. Popova & Irina P. Denisova & Elena V. Porollo, 2017. "New Approaches to Modernization of Spatial and Sectorial Development of Russian and Greek Regional Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 129-136.
    17. Alena Anatolievna Uksumenko & Irina Aleksandrovna Kuzmicheva & Olga Yurievna Vorozhbit, 2017. "Effective Marketing Strategy for Regional Banks," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 558-567.
    18. Zulfi Diane Zaini, 2018. "Functions of the Bank of Indonesia as Lender ofLast Resort for Banks\' Safety," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 607-621.
    19. Nikolay Tikhomirov & Tatiana Tikhomirova & Eldar Khamitov & Vladimir Ponomarev, 2017. "Models of Assessment of the Influnce of Insurance Assets Securitization on Stability of Mutual Insurance Societies," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 321-333.
    20. I.N. Efremenko & L. Haabazoka & V.A. Larionov, 2017. "Development of the International Monetary System Conditions of Globalization," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 269-279.
    21. Garnov & A. & Zvyagin & L. & Sviridova & O., 2019. "System Data Analysis: Innovative Technologies, Methods and Techniques," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 26-39.

    More about this item

    Keywords

    Internet commerce; sales; online services; purchase of goods; electronic commerce. JEL Classification: O10; L80; L86.;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • L80 - Industrial Organization - - Industry Studies: Services - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:472-483. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.