Ozon, the largest online marketplace in Russia, has formally disputed allegations by the Central Bank that its discount practices distort market competition. Central Bank Governor Elvira Nabiullina reportedly proposed a ban on online marketplaces offering discounts to customers who use their affiliated banks for payments. In a statement, Ozon denied these claims, emphasizing that its pricing strategies are lawful and do not constitute unfair competition.
Nabiullina’s remarks reportedly come amid growing concerns about the impact of large online platforms on Russia’s financial landscape. The governor suggested that such discounts create an uneven playing field, potentially harming smaller businesses that cannot offer similar incentives. Ozon, however, has argued that its discounts are a standard marketing practice and do not provide an unfair advantage. The company has also highlighted that it complies with all regulatory requirements and has not engaged in any anti-competitive behavior.
The dispute has sparked debate among industry experts and regulators in Russia. Some have supported the Central Bank’s position, citing potential risks to market fairness, while others argue that such restrictions could stifle innovation and consumer benefits. As the discussion continues, both parties await further regulatory clarifications to ensure a balanced approach to market dynamics.