EBay still plans Russian expansion

San Jose, Calif. – EBay Inc. is still planning to expand its operations in Russia despite U.S. sanctions against the country’s government. In public comments made in Moscow, EBay VP Wendy Jones said Russia is EBay’s top priority for expansion of its EBay Marketplaces division, and that eBay Marketplaces should go live in Russia in September.

Jones also said EBay doubled its Russian buyer base in 2013 and sold $425 million worth of goods there in 2012. Currently, Russian consumers make 90,000 EBay transactions per day.

As part of expansion efforts in Russia, EBay recently signed an agreement with the state delivery service Russian Post. Other countries EBay where EBay is focusing international expansion efforts include Brazil, China, India and South Africa.

 

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