Russian online marketplaces are experiencing declining revenues due to the impact of Ukrainian attacks. While still growing year-on-year, the pace of growth has slowed to half its previous rate. A Sberbank director warns that the situation is likely to worsen. The revenue losses potentially impact state budget income. To offset damages and maintain profitability, marketplaces are increasing fees for sales intermediation and logistics. This price increase could further discourage spending among Russian consumers and businesses, exacerbating the economic downturn. Overall, the report paints a bleak picture for the future of online commerce in Russia.

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