Can digital keep Russia open for business?
The world is rapidly changing. The digital revolution is eliminating distances with split-second clicks and beeps, bringing information, goods and even transfers of money.
Founded in 2008, Ulmart is a leader in Russian e-commerce. It finished 2014 with sales of $1.6 billion and is one of the first e-retailers in the world to become EBITDA positive in such a short time. Ulmart is ranked number six in Europe, web only. Its disruptive approach has pretty much closed Russian e-commerce to non-Russia based companies.