Cross-border e-commerce revenue growth in Russia monthly 2022
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.
