The Ministry of Industry and Commerce decided not to introduce market regulation yet

“We talked about the fact that a regulation can be introduced if a balance is not found between the two parties, those who supply their products to the markets and sell them there, and the markets themselves, a balance is not found,” TASS quoted to Yevtukhov as said.

The Vice Minister added that if necessary, the State can still act as a regulator, but so far this is not mandatory. According to him, the market participants created a working group with the participation of all the departments involved and agreed to sign a code of good practice.

In May, the Wildberries market was once again at the center of a scandal. First of all, the company announced the disclosure of illegal ways to promote through external services. Due to this practice, according to the site, the business suffered damage in the amount of 650 million rubles.

After that, the sellers who traded on the site went to the Wildberries Moscow office and stated that the exchange had unilaterally deducted funds from their accounts.

As a result, the company blocked the accounts of 300 sellers and began verifying. The marketplace later reported that 60% of the suspected sellers were involved in the scheme. After that, the restriction on withdrawal of funds was lifted, however, Wildberries said that he would file official complaints against those who illegally used the company’s information resources.

Following this incident, the Ministry of Industry and Commerce allowed further regulation of e-commerce by the state. Wildberries head Tatyana Bakalchuk called for abandoning such measures, because she, in her opinion, “where state regulation appears, there growth stops.”