RUSSIAN E-COMMERCE GIANT OZON OPENS OFFICE IN TURKEY

RUSSIAN E-COMMERCE GIANT OZON OPENS OFFICE IN TURKEY

RUSSIAN E-COMMERCE GIANT OZON OPENS OFFICE IN TURKEY

Russian electronic giant Ozon said on Tuesday that it would open a local office in Turkey and facilitate consumers to pass more easily, helping Russian buyers buy goods directly from Turkish sellers on its platform.

Because Western sanctions have rained down on Russia for the actions in Ukraine, trade links between Moscow and Ankara have grown in several regions.

“The company sees the increasing demand for goods from Turkish sellers and plans to strengthen its position in the local market,” added a press release.

“Ozon sees a growing demand for goods from Turkish vendors and plans to strengthen its position in the local market. In the first half of 2022, the number of sellers of Turkey doubled on annual basis, while the turnover of Turkey’s goods to Russia tripled,” said Ozon in a statement.

In contrast to the European Union, Ankara did not impose sanctions on Russia for what Moscow called “Special Military Operations” in Ukraine and improved economic relations with Russian companies scrambling to build a new supply chain and financial resources.

A strong ruble and the fall of the Lira have helped to stimulate the Russian demand for Turkish goods.

In addition to the new office in Istanbul, Ozon said it would divide two delivery times for items from Turkey to Russia for up to 6-8 days and began to offer support in the Turkish language to motivate more sellers to join the online market.

Ozon’s director of Turkey-Hazal Maras said Ozon wanted to help Turkish sellers secure a sales flow from Turkey to Russia.

In July, Ozone began selling goods in Russia through a parallel import scheme – a high-profile journey from Kremlin to allow retailers to import goods without permission from trademark owners.

Deputy Prime Minister Andrei Belousov on Monday praised the scheme as helping the Russian economy withstand sanctions.

Ozon is one of the largest e-commerce sites in Russia, along with Wildberries which is private. The company gathered nearly $ 1 billion in the first public offering on Nasdaq at the end of 2020 in the launch that began a mini-IPO boom for Russian companies.

RUSSIAN E-COMMERCE GIANT OZON OPENS OFFICE IN TURKEY