Richard Collins, coo of Paterson, gave an overview of the Russian market from the perspective of the rapidly developing supermarket chain. Russia's urban population (73% of the 143.5 million total) holds 85% of spending power and the 24 largest cities account for 39% of total spending power. However, the Russian population is in decline, dropping 1.9% in the last five years. GDP growth has averaged 5% for the last five years, while Rosstat values the Russian retail market at
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