Wednesday, 21 November, 2018

Russia targets cross-border online shoppers with new duty rules

Russia plans to start charging duty on purchases worth more than 150 euros ($210) from foreign online stores, lowering the threshold from 1,000 euros and potentially slowing the fast-growing market while benefiting domestic online retailers. The volume of Russians’ purchases in foreign online stores may reach up to 120 billion roubles ($3.67 billion) this year, a 100 percent increase over 2012, according to AKIT – the Association of Internet Trade Companies. Russia currently has the world’s highest threshold, and the rule is applied to individual shoppers only. Logistics has been a major hurdle for expansion in Russia by foreign e-commerce firms such as Amazon and eBay.

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