X5 Retail to launch online store

Russia-based X5 Retail Group plans to launch an online store in Moscow and St Petersburg, said CEO Lev Khasis. The launch of an e-commerce banner would help X5 to elude new antitrust restrictions anchored in the draft of a new trade law. “If the new law were adopted in the current version, we could continue to build our market share through e-commerce," said Lev Khasis.