Thanks to relative political stability and strong oil and gas prices, Russia's retail turnover more than quintupled from 2001 to 2011 and now exceeds US$600 billion annually.
Data suggest that this sector is entering the steepest part of its growth curve.
How will Russia's retailers face the challenges of this critical period of expansion? Will foreign retailers manage to get a slice of this growing pie?
Read the full story - Retail Chains' Race for Russia